Hyperliquid | Crypto

Whale “0xa523” has racked up over $40 million in losses on Hyperliquid, overtaking James Wynn to become the platform’s biggest loser. Hyperliquid trader “0xa523” has overtaken James Wynn to become the platform’s largest losing whale, racking up over $40 million in losses in under a month, according to onchain data. In a Tuesday post on X, Lookonchain revealed that the trader’s downfall was driven by a string of high-leverage missteps, including a $39.66 million loss on Hyperliquid (HYPE), where he sold 886,287 tokens before the asset rebounded. Had he held the position, it would now be worth nearly $9 million more. He later lost over $35 million on a long Ether (ETH) position, flipped to a short, and then lost another $614,000. His current Bitcoin (BTC) short is also underwater, showing an unrealized loss of $1.8 million, according to data from Hyperdash. Read more

Nasdaq-listed Lion Group currently holds 6,629 Solana and over one million Sui and plans to gradually convert it all into Hyperliquid tokens. Nasdaq-listed trading platform Lion Group Holding has announced plans to shift its entire stash of Sui and Solana into HYPE, the native token of the Hyperliquid blockchain. The Singapore-based trading platform said in a statement on Monday that it plans to exchange its Solana (SOL) and SUI (SUI) gradually over time to lower the average acquisition cost by “taking advantage of market volatility and accumulating HYPE at optimal prices.”  Lion Group CEO Wilson Wang said the company’s shift to hold all Hyperliquid (HYPE) “through a disciplined accumulation process,” would “enhance portfolio efficiency,” and position the platform for “sustained growth.” Read more

Paxos submitted a proposal to issue USDH as Hyperliquid's first native stablecoin with 95% of interest earnings allocated toward HYPE token buybacks, leveraging its acquisition of Molecular Labs and Hyperliquid's record $106 million in perpetual futures trading revenue during August with 70% DeFi market share. The post Paxos Proposes to Issue USDH Stablecoin for Hyperliquid with 95% Revenue Share to HYPE Buyback appeared first on Cryptonews.

Hyperliquid is preparing a governance-driven launch of its native stablecoin, USDH, in its next network upgrade, according to a Sept. 5 update on the DEX Discord channel. The protocol described USDH as a “Hyperliquid-first and compliant” dollar-pegged asset, but unlike conventional launches, it is opening the process to competition among development teams. According to the […] The post Hyperliquid’s new USDH stablecoin launch could redirect $220M to HYPE holders appeared first on CryptoSlate.

Arthur Hayes argues that fiat decline drives stablecoin saving, funneling into crypto speculation—and Hyperliquid is the exchange built for that wave.

Institutional investors now have their first exposure to Hyperliquid’s native token through a Europe-listed crypto ETP. 21Shares, a Switzerland-based asset manager and issuer of crypto exchange-traded products (ETPs), has listed the Hyperliquid ETP on the SIX Swiss Exchange. The product gives investors exposure to the Hyperliquid token without the need for wallets or onchain custody. In a Friday announcement, the company described Hyperliquid as one of the major venues for decentralized derivatives, claiming it processes more than $8 billion in daily volume, with $2 trillion in trades since its 2023 launch, and roughly 80% of the total decentralized perpetuals activity. The listing, which marks the first institutional-grade product offering exposure to the Hyperliquid protocol, comes just days after Hyperliquid’s token (HYPE) hit a record high of $50.99. Read more

Treasury Secretary Scott Bessent’s endorsement of dollar-pegged stablecoins creates a pathway for up to $34 trillion to flow into decentralized finance protocols such as Ethena, Ether.fi, and Hyperliquid. Arthur Hayes reported in his Aug. 27 blog post that Bessent aims to redirect capital from the $13 trillion Eurodollar system and $21 trillion in Global South […] The post Treasury Secretary Bessent’s stablecoin push could drive $34 trillion into Ethena, Etherfi, Hyperliquid appeared first on CryptoSlate.

Four whales realized a cumulative $47.5 million profit on Hyperliquid, spurring price manipulation allegations related to XPL’s 200% rally. Update (Aug. 27 at 5:44 pm UTC): This article has been updated to reflect that a blockchain analyst retracted a claim linking Justin Sun to a whale wallet. Four whales, or big cryptocurrency investors, were accused of price manipulation that resulted in a $4.59 million loss for one unfortunate trader, raising questions about the reliability of decentralized trading platforms over their centralized counterparts. Four whale addresses profited a combined $47.5 million after the recently launched Plasma blockchain’s (XPL) token soared 200% to over $1.80 in minutes on the decentralized exchange Hyperliquid.  Read more

Decentralized exchange Hyperliquid is under scrutiny after a sharp rally in its HYPE token coincided with whale-driven manipulation claims on its platform. On Aug. 27, analytics firm SpotOnChain reported that a cluster of large wallets pushed XPL’s price up by 200% to $1.80 before it quickly retraced. The sudden move transferred millions between traders. According […] The post Hyperliquid faces whale manipulation claims as HYPE reaches new all-time high appeared first on CryptoSlate.

Open interest on Hyperliquid’s XPL market plunged from $160 million to $30 million in minutes as a trader-triggered price spike caused mass auto-deleveraging.

Hyperliquid registered more trading volume than Robinhood for the third consecutive month, with July marking the largest gap between platforms at 39.1%. DefiLlama data shows the decentralized derivatives exchange traded $330.8 billion in combined spot and perpetual volume during July, while Robinhood processed $237.8 billion across all products. Robinhood’s July volume was made up of […] The post Hyperliquid surpasses Robinhood in monthly trading volume for the third consecutive month appeared first on CryptoSlate.

Altcoin season has returned to trading desks, though its form in late August looks different from past cycles. Liquidity is still concentrated, but pockets of activity show investors shifting into tokens with distinct functions. Beyond price moves, three projects—Hyperliquid, VeChain, and Algorand—show how utility, adoption, and design can all carry weight during altseason.Broader conditions remain […] The post Altcoin Season Alert: Hyperliquid, VeChain, Algorand Could Be Your Ticket to Wealth appeared first on Cryptonews.

Andrew Tate is back on the memecoin bandwagon but hasn’t nailed the trading game as his wallet approaches losses of $700,000 on Hyperliquid. Former kickboxing champion and controversial influencer Andrew Tate is among the latest celebrities to dive into Kanye West’s newly launched YZY token, but his bets are already deep in the red. A wallet address linked to Tate opened a 3x leveraged short position on the recently launched, West-linked YZY token at $0.85 and was sitting on a $16,000 loss on the position. Tate “doesn’t seem to be good at perps trading,” as his cumulative losses are nearing $700,000 on this single Hyperliquid account, wrote blockchain analytics platform Lookonchain in a Friday X post. “So far, he's made 80 trades on #Hyperliquid — only 29 were profitable (win rate: 36.25%) — with total losses of $699K.” Read more

Hyperliquid has achieved the highest revenue per employee globally, at $106 million, surpassing traditional technology giants and the previous record holder, Tether Limited. The revenue-per-employee metric places Hyperliquid significantly ahead of established technology companies. Data gathered by Hyperliquid France puts Tether in second with $93 million per employee, while OnlyFans ranks third at $37.6 million.  […] The post Hyperliquid achieves record revenue per employee globally at $106M appeared first on CryptoSlate.

The DEX takes over Hyperliquid’s second-largest liquid staking token, part of an ecosystem where staking makes up more than half of $2.26 billion in TVL.

Hyperliquid processed $319B in trades last month, accounting for the majority of DeFi perpetual futures volume as decentralized exchanges gain traction. Trading volume on the decentralized exchange Hyperliquid reached a new monthly high in July, setting a record among DeFi perpetual futures platforms as user activity continued to rise. According to DefiLlama data, the platform processed $319 billion in trades during the month — the highest monthly volume ever recorded in the DeFi perpetual futures space. Hyperliquid’s record is a sign of more traders using decentralized exchanges, which are starting to cut into the market share of centralized cryptocurrency exchanges (CEXs). Read more

In early August, Altcoin Season speculation has continued even as Bitcoin commands 60% dominance. Traders have rotated into Hyperliquid for its on-chain derivatives, Pump.fun for meme-driven liquidity, and Conflux for utility-led activity, seeking pockets of performance while the index rises. The post Hyperliquid, Pump.fun, Conflux Lead August Altcoin Season Mini-Rally – Is a Rotation Here? appeared first on Cryptonews.

[PRESS RELEASE – Helsinki, Finland, August 4th, 2025] Apu Apustaja ($APU), a cross-chain memecoin, has announced that its native token is now available for spot trading on Hyperliquid, a leading fully on-chain orderbook exchange. Hyperliquid currently facilitates billions in daily trading volume and manages over $7 billion in total value locked (TVL). The addition of […]

Hyperliquid’s rapid response may boost confidence in decentralized trading platforms, which are gaining market share. Decentralized exchange Hyperliquid has reimbursed nearly $2 million to users affected by a brief outage last week, a move that may strengthen confidence in decentralized trading platforms. The Hyperliquid platform’s application programming interface (API) suffered an outage Tuesday, which saw traders sidelined from order execution for about 37 minutes before resuming operations, its website shows. On Monday, Hyperliquid issued refunds totaling $1.99 million in USDC (USDC) to affected users, onchain data from Hypurrscan shows. Read more

Decentralized exchanges (DEX) reached $1 trillion in monthly trading volume for the first time in July. According to DefiLlama data, spot trading volume grew 29.4% and reached nearly $514 billion last month, bested only by January’s all-time high of $568 billion. At the same time, perpetual futures’ monthly volume increased 33.6% to register a new […] The post DEX trading volume tops $1T for the first time in July, Hyperliquid leads record perp surge appeared first on CryptoSlate.