JUST IN: $HYPE listed on Binance spot・.

Open interest reached an all-time high of $18B on Hyperliquid

INTEL: Hyperliquid’s fully diluted valuation has surpassed both Nasdaq and London Stock Exchange Group hyperliquid:native

Abraxas is constantly loading

Trailing stops are now available for perp markets. A trailing stop's trigger price follows the mark price as it moves in favor of the position. When the mark price retraces from its best level by the selected distance or percentage, it triggers a market order. For long positions, the trigger price follows the highest mark price reached since activation; for short positions, it follows the lowest. An optional activation price determines when tracking begins. Without one, tracking begins immediately at the current mark price.

Most tech giants in the 2000s built their infrastructure and product as one entangled unit. Amazon had the foresight to separate out AWS as an API layer, of which Amazon retail was the first of many users. Today, AWS generates more profit than all of Amazon's other business lines combined. Hyperliquid is built with the same philosophy. Housing all of finance requires thoughtfully designed, open financial primitives. Each primitive should obey the Unix principle of "Do one thing and do it well." Talented builders then have the foundation to chain these together to create magical applications. HyperCore borrowing is an example to highlight this philosophy in action. Most other platforms implement portfolio margin by marking an account's collateral to market value with an LTV haircut, creating borrowed assets without an explicit lender. This system is simpler to implement, but misses a golden opportunity for composability. Hyperliquid instead begins with a borrow/lend protocol on HyperCore. Every borrowed asset is sourced from a supplier, so risk is isolated within the borrow/lend primitive instead of platform-wide. HyperCore's portfolio margin system is implemented as an orchestration layer that composes borrow/lend, with other primitives such as perps, spot, and outcome trading. This decomposition has several nice corollaries: 1. Today's announcement of manual borrowing is not a new feature, but simply an extension of the underlying primitive. Borrowers on day one have access to 400M and growing of supplied liquidity. 2. Portfolio margin users earn interest on their idle stablecoin collateral. This is not a new feature, but a natural byproduct of composing trading with lending. 3. System safety is easier to reason about when perp and borrow/lend margining are independent. In the same way that math theorems almost prove themselves when the right abstractions are defined, composable designs just feel right.

Manual borrows are live on Hyperliquid Portfolio margin and manual borrows use the same underlying HyperCore infrastructure, with $269M in assets borrowed today. Users can supply HYPE and BTC as collateral to borrow quote assets (USDC and USDT). Borrowed quote assets pay interest, and supplied quote assets earn interest, with rates set by utilization.

BREAKING: NEAR launches confidential perpetual futures trading powered by Hyperliquid. Allowing users to open positions without publicly linking trades to their accounts.

Introducing Events by trade[XYZ]. With Events, we’re advancing our vision of Hyperliquid as the universal exchange—a single, composable system for trading financial assets and real-world outcomes. A user can deposit spot BTC, borrow USDC through portfolio margin, open a pre-ipo SpaceX perp position, hedge an upcoming SK Hynix earnings event with an events market, and pick the US Open winner—all from a single unified account on trade[XYZ]. Events will span sports, politics, economics, and financial markets, with an expanding range of categories and contract formats. Our initial Up/Down markets cover equities, commodities, and pre-IPOs, powered by the depth and liquidity of trade[XYZ] perpetuals on HIP-3. These perpetuals provide continuous price discovery and serve as the resolution source, so each contract is grounded in XYZ's liquid market prices rather than an external oracle.

We took a closer look at the data behind all 356,886 xyz traders since launch in October 2025. These markets are the primary funnel for mass adoption and user retention on Hyperliquid, across both retail and institutional cohorts. Full report below.

Jeff my boss, it's time to democratize again

Palestinian children in Gaza watching The Lion King together

By the end of 2026 Hyperliquid will become the 2nd largest chain for USDC issuance and will over take Solana.

hyperliquid:native HITS NEW ATH.

bessst

The current market environment is reminiscent of the post meme season decline on the Tron network. A bull run began after that decline.

Game is on. TradeXYZ deployed

CUMULATIVE NEW USERS REACHED A NEW ALL-TIME HIGH IN AUGUST, WITH 127.29K NEW USERS.

*HYPERLIQUID IN TALKS WITH KRAKEN PARENT ON US MARKET ENTRY: BBG

"Hyperliquid, a little-known but buzzy cryptocurrency exchange" This is a real article by Politico 🤦‍♂️