hyperliquid

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $7.396 billion, with long positions totaling $3.503 billion, accounting for 47.36% of the holdings, and short positions totaling $3.893 billion, accounting for 52.64% of the holdings. The profit and loss for long positions is $294 million, while the profit and loss for short positions is -$322 million.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of $2,270.47, currently showing an unrealized profit and loss of -$23.5145 million.

According to Onchain Lens monitoring, Hyperliquid has repurchased and destroyed 32,770 HYPE at an average price of $81.01 over the past 24 hours, worth approximately $2.65 million.A total of 48.57 million HYPE has been destroyed, valued at approximately $3.82 billion at current prices, accounting for 4.86% of the maximum supply.

HyperliquidNews posted on platform X that in the next network upgrade, HIP-3 deployers will be able to configure funding rate limits.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 7.327 billion USD, with long positions at 3.492 billion USD, accounting for 47.66% of the total holdings, and short positions at 3.835 billion USD, accounting for 52.34%. The profit and loss for long positions is 293 million USD, while for short positions it is -335 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2263.11 USD, currently showing an unrealized profit and loss of -19.2999 million USD.

HyperDash Chief Revenue Officer Hanson Birringer stated: TradeXYZ launched its first HIP-3 contract on October 13, 2025, and within months, these markets became Hyperliquid's largest user acquisition channels. Tracking all 356,886 wallets that have traded on the xyz market (excluding two manufacturing clusters), of which 173,794 had never traded on Hyperliquid before, accounting for 48.7%, with an increasing number coming from third-party builder code applications.The two removed clusters include 7,663 bot wallets on XYZ100 and 49,727 oil farm wallets; if included, the number of new wallets would increase from 173,794 to 231,184. The open interest of xyz rose from 0.2% at launch to 25.9% on September 8, peaking at 37.2%, even as the total open interest on the exchange increased from $7.4 billion to $14.3 billion. The share of first-time Hyperliquid users rose from 22% at launch to 60% during the semiconductor and storage boom, with 104 markets currently live, and the five major catalysts now account for a quarter of the exchange's open contracts and trading volume.

tradeXYZ announced the launch of the Events feature, advancing the vision of making Hyperliquid a universal exchange, a single composable system for trading financial assets and real-world outcomes.Users can deposit spot BTC into a single unified account at tradeXYZ, borrow USDC through portfolio margin, open perpetual positions for pre-IPO SpaceX, hedge against the upcoming SK Hynix earnings report event with the event market, and choose the champion of the U.S. Open.Events will cover sports, politics, economics, and financial markets, with categories and contract formats continuously expanding. The initial Up/Down markets cover stocks, commodities, and pre-IPOs, driven by the depth and liquidity of perpetual contracts on HIP-3 by tradeXYZ. These perpetual contracts provide continuous price discovery and serve as a settlement source, with each contract based on the XYZ liquid market price rather than external oracles.

Coinbase announced that it has renamed the Base App to Coinbase Wallet, reversing the renaming decision made a year ago, shifting the focus of the self-custody application towards trading and broader multi-chain access. Ryan Kass, the product lead for Coinbase Wallet, stated that the wallet will serve as a "test kitchen" for products and assets not yet offered by the centralized exchange Coinbase, with the first case being perpetual contracts supported by Hyperliquid. The wallet also supports long-tail assets and plans to gradually integrate as new chains go live.The wallet also supports prediction markets and tokenized stocks. Coinbase stated that the Base App has evolved into a broader multi-chain trading platform, making the restoration of the Coinbase Wallet name a reasonable move. Coinbase promotes the wallet with the selling points of "no KYC, no waiting, borderless," allowing users to start trading within minutes after downloading the app, although some features are still subject to regional restrictions. The wallet will automatically detect and hide scam or malicious tokens, and new markets and asset classes must undergo strict product and compliance reviews before going live.In terms of background, Coinbase renamed Coinbase Wallet to Base App in July 2025, positioning it as a "universal app" that integrates social, mini-apps, messaging, payments, and trading. CEO Brian Armstrong admitted in March this year that the social experiment was "not very successful," after which Base founder Jesse Pollak handed over leadership of the app to Jordan "Cobie" Fish.

According to on-chain analyst Yu Jin's monitoring, with the market decline tonight, Hyperliquid's largest long address, valued at 233 million dollars, has turned from profit to loss, currently facing an unrealized loss of about 3.39 million dollars.This address reopened long positions on August 28 and currently holds 1,400 BTC long positions, valued at about 110 million dollars, with an average opening price of 78,672 dollars, facing an unrealized loss of about 1.94 million dollars; it also holds 50,000 ETH long positions, valued at about 123 million dollars, with an average opening price of 2,469 dollars, facing an unrealized loss of about 1.45 million dollars.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 7.687 billion USD, with long positions at 3.661 billion USD, accounting for 47.62% of the holdings, and short positions at 4.027 billion USD, accounting for 52.38% of the holdings. The profit and loss for long positions is 357 million USD, while the profit and loss for short positions is -408 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a 5x leverage at a price of 2263.09 USD, currently showing an unrealized profit and loss of -18.9668 million USD.

The re-staking protocol Renzo Protocol announced its name change to Renzo Finance and launched its first on-chain structured yield product Renzo Basis, which will go live on Hyperliquid, initially supporting BTC and HYPE. Lucas Kozinski, founder of Renzo Labs, stated that basis trading earns funding rate income by simultaneously holding a spot long and a perpetual contract short. Since the long and short positions hedge each other, asset price fluctuations do not affect the yield, and users earn the fees paid by perpetual traders every hour.Renzo stated that the product achieves automation through a triple protection mechanism, including hedge protection, yield protection, and safety buffer. Currently, the product does not use AI automation but instead conducts trading and strategy monitoring through Hyperliquid's proxy wallet (API wallet) with user authorization, without holding user funds. The relevant protection parameters can be customized by users. Renzo emphasized that its product differs from competitors such as Ethena and Bitwise's Superstate in that it is fully on-chain, self-custodied, and allows depositors to choose their own assets, trading venues, and risk parameters.Renzo Basis plans to support all assets on Hyperliquid that have both spot and perpetual markets and expand to other DeFi platforms, with the next stop being Lighter on Robinhood, where on-chain stock perpetual basis trading will be introduced.

According to Hyperliquid News, the Hyperliquid Policy Center has submitted a legal opinion to the federal court in Washington, D.C., seeking to dismiss the lawsuit filed by the Chicago Mercantile Exchange (CME) against the U.S. Commodity Futures Trading Commission (CFTC).The lawsuit involves the CFTC's prior approval of the launch of regulated cryptocurrency perpetual contracts in the U.S. through Kalshi. CME had previously filed a lawsuit regarding the related regulatory decision, while the Hyperliquid Policy Center supports the CFTC's side, arguing that the court should dismiss CME's lawsuit.

A Hyperliquid user account was unauthorizedly controlled, approximately 738,600 USDC was transferred away, and another 10,287 HYPE was unstaked. The victim account belongs to a certain address, and part of the stolen funds flowed to addresses suspected to be related to Bitget. As of the time of verification, 10,287 HYPE remains in the staked balance and has not yet entered the withdrawal queue.If the attacker continues to initiate cWithdraw, the related assets will be further transferred after a 7-day waiting period. In two recent similar cases, staked assets were stolen again due to the lack of an emergency pause mechanism that users could trigger, resulting in losses exceeding 1.1 million dollars. Related suggestions include launching a Guardian or Recovery mechanism that users can pre-enable, temporarily pausing withdrawals, transfers, and authorization changes, suspending automatic expiration, and requiring time locks and evidence review for recovery, with records on the blockchain.

According to Lookonchain monitoring, a certain address deposited 11.9 million USDC into Hyperliquid, and then went long on 500 Bitcoin with 20x leverage, with a position value of 39.44 million dollars and a liquidation price of 55,570.76 dollars.

HyperDash Chief Revenue Officer Hanson Birringer stated that the team has compiled the operations of Jump Trading on Hyperliquid since their first deposit on December 12, 2025. The company has used one main account and 16 sub-accounts, trading nearly $15 billion, accounting for 7.8% of the exchange's perpetual contract trading volume and 18.9% of the xyz market; July's activity accounted for 17.9% of the entire exchange and 28.7% of the xyz trading volume.Jump Trading initially tested for one week, trading $153 million in BTC, SOL, and HYPE, and then injected funds to create sub-accounts for large books in crude oil, Brent crude oil, natural gas, IPOs, and S&P 500, XYZ100, SK Hynix, silver, gold, and storage chips. The strategy primarily focuses on taking orders, with market-making transactions accounting for 11%-35%. Currently, they are long $32 million in Brent crude oil and $16 million in CL, hedging shorts in gold, silver, MU, NVDA, DRAM, SK Hynix, XYZ100, and large-cap stocks, with a notional value of $145 million and an account value of $63.6 million.The company has paid $7 million in fees, with profits and losses in the hundreds of thousands of dollars. Approximately $65 million in USDC collateral has brought about $1.8 million in annualized income to Hyperliquid through AQAV2.

According to The Block, Hyperliquid's total open interest (OI) reached $14.3 billion on Sunday, close to the level before the crash on October 10, 2025. On that day, Hyperliquid's OI dropped by about 56% in a single day, from $14.7 billion to $6.5 billion. The subsequent recovery occurred in two phases: HIP-3 increased its share of total OI from 18% to over 34% between March and August, with August HIP-3 OI setting a record of over $4.44 billion; however, in the past month, total OI increased by $3.57 billion, while HIP-3 OI decreased by $119 million, with its share dropping from 34% to 25%. The two catalysts driving growth include: Coinbase began directing Base App users to Hyperliquid in mid-August, and President Trump stated that the CFTC is working to bring Hyperliquid to the U.S. in a compliant manner. Notably, HIP-3 builders can retain up to half of the trading fees in the deployed market, which has impacted Hyperliquid's financial condition—its total revenue dropped from a peak of $457 million in Q3 2025 to $202 million in Q2 2026. Core crypto perpetual contracts allocate about 97% of fees to HYPE buybacks, so the OI returning to core business is far more valuable to HYPE than the OI generated through builders.

NASDAQ-listed company Hyperion DeFi (NASDAQ: HYPD) announced on September 8, 2026, an upward revision of its full-year guidance for 2026 and initiated a common stock repurchase plan of up to $20 million. The company claims to be the first publicly listed DeFi company in the U.S. built on Hyperliquid. The full-year adjusted gross profit guidance has been raised from the previous $5 million to $7 million to $7 million to $8 million.The company expects adjusted net operating cash flow to turn positive in the third quarter of 2026, earlier than the previous expectation of "turning positive by the end of 2026"; and it anticipates that core operating income will turn positive in the third quarter, with adjusted gross profit from the core DeFi business expected to exceed operating expenses after excluding equity incentives for the first time. The adjusted gross profit guidance for the third quarter is $2 million to $2.5 million, with operating expenses after excluding equity incentives at $2 million to $2.25 million, and core operating income at $0 to $500,000.The board has authorized the repurchase of up to $20 million of common stock in circulation within a maximum of 12 months, which can be conducted through open market purchases, private negotiations, block trades, and other methods, with no specific quantity guaranteed. The plan may be extended, suspended, or terminated at any time. CEO Hyunsu Jung stated that the DeFi business has accelerated recently, and the core business in the third quarter is expected to achieve breakeven in terms of profit and cash flow, noting that HYPD common stock is currently trading at a discount of about 20% to 30% relative to net assets.

According to monitoring by Lookonchain, a certain whale has accumulated 285,500 SOL on Hyperliquid over the past 3 weeks, worth 28.82 million USD.

CoinMarketCap released the RWA perpetual contract market report for August 2026. The report shows that from December 29, 2025, to August 31, 2026, the cumulative trading volume of the RWA perpetual contract market has exceeded $3.16 trillion.From the platform distribution perspective, Binance leads with approximately $1.59 trillion and a market share of 50.4%. Hyperliquid ranks second with $542.8 billion, accounting for 17.2%; OKX ranks third with $345.1 billion, accounting for 10.9%; Bitget ranks fourth with $238.2 billion, accounting for 7.5%. The top four platforms together account for about 86% of the market share.

According to the latest data from RootData's tokenized asset dashboard, the top 3 assets by depth for the exchanges Binance, OKX, and Hyperliquid are as follows:The top three assets by depth on Binance are CL_2 (approximately 12.92 million USD), XAG (approximately 11.54 million USD), and SPCX (approximately 8.05 million USD).The top three assets by depth on OKX are SPCX (approximately 2.67 million USD), SNDK (approximately 2.52 million USD), and MU (approximately 1.63 million USD).The top three assets by depth on Hyperliquid are SNDK (approximately 10.20 million USD), SPCX (approximately 7.62 million USD), and MU (approximately 6.05 million USD).It is reported that this statistical scope only includes native crypto asset types such as contracts and tokenized assets, excluding data from traditional stock brokers.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 7.95 billion USD, with long positions totaling 3.786 billion USD, accounting for 47.62% of the holdings, and short positions totaling 4.164 billion USD, accounting for 52.38% of the holdings. The profit and loss for long positions is 452 million USD, while the profit and loss for short positions is -518 million USD.Among them, the whale address 0x5b5d..60 has shorted ETH with a full margin of 5 times at a price of 2262.95 USD, currently showing an unrealized profit and loss of -23.0186 million USD.