Hyperliquid ecosystem heating up this week. Three major moves worth connecting:
Native lending just went live. You can now collateralize $HYPE or $BTC to borrow stables. 65% LTV on $HYPE, 50% on $BTC. No yield on collateral assets, but you keep price exposure while accessing liquidity. Interest rates and liquidation risk apply.
Payward (Kraken's parent) announced plans to bring Hyperliquid perps to US customers via HIP-3 permissioned markets. Bitnomial handles deployment + settlement, NinjaTrader Clearing manages accounts. Still pending regulatory approval, no confirmed launch date. First time a registered exchange/clearing house connects to a public on-chain orderbook at this scale.
Trasia shipped their mobile app with embedded stock research data. Multi/short ratios, historical positioning, valuation metrics, financials—all inside the trading interface. Added $TLT and $CVX markets this week. Reduces friction for traders who need company fundamentals alongside chart action.
Trade.xyz and Entropy keep expanding tradable products. $TLT (long-term Treasury ETF), $CVX (Chevron), $DRAM (memory industry ETF), $EWY (Korea equities ETF). These perps let you express granular macro views on-chain. Remember: you're trading price exposure, not holding underlying shares or ETF units.
Kinetiq passed KIP-5, redirecting protocol buybacks from sKNTQ stakers to the Hyperliquid Assistance Fund. Existing stakers need to reassess yield expectations. Elysium testnet approaching—devs can now access builder channels. 25% of sequencer revenue allocated to apps driving network usage.
Key data (Sept 21):
- TVL climbing
- Stablecoin supply growing
- Volume trending up
Watch whether capital stays in-ecosystem and if activity sustains.
Upcoming:
- Kinetiq Q3 investor call Sept 21, 9pm Beijing time
- Hyperliquid France community event Paris Sept 23
- Elysium testnet launch TBA
- Payward US market approval TBA
Native lending vs HyperLend vs Felix—compare asset support and funding costs. Capital flows to whoever offers better terms.
Native lending just went live. You can now collateralize $HYPE or $BTC to borrow stables. 65% LTV on $HYPE, 50% on $BTC. No yield on collateral assets, but you keep price exposure while accessing liquidity. Interest rates and liquidation risk apply.
Payward (Kraken's parent) announced plans to bring Hyperliquid perps to US customers via HIP-3 permissioned markets. Bitnomial handles deployment + settlement, NinjaTrader Clearing manages accounts. Still pending regulatory approval, no confirmed launch date. First time a registered exchange/clearing house connects to a public on-chain orderbook at this scale.
Trasia shipped their mobile app with embedded stock research data. Multi/short ratios, historical positioning, valuation metrics, financials—all inside the trading interface. Added $TLT and $CVX markets this week. Reduces friction for traders who need company fundamentals alongside chart action.
Trade.xyz and Entropy keep expanding tradable products. $TLT (long-term Treasury ETF), $CVX (Chevron), $DRAM (memory industry ETF), $EWY (Korea equities ETF). These perps let you express granular macro views on-chain. Remember: you're trading price exposure, not holding underlying shares or ETF units.
Kinetiq passed KIP-5, redirecting protocol buybacks from sKNTQ stakers to the Hyperliquid Assistance Fund. Existing stakers need to reassess yield expectations. Elysium testnet approaching—devs can now access builder channels. 25% of sequencer revenue allocated to apps driving network usage.
Key data (Sept 21):
- TVL climbing
- Stablecoin supply growing
- Volume trending up
Watch whether capital stays in-ecosystem and if activity sustains.
Upcoming:
- Kinetiq Q3 investor call Sept 21, 9pm Beijing time
- Hyperliquid France community event Paris Sept 23
- Elysium testnet launch TBA
- Payward US market approval TBA
Native lending vs HyperLend vs Felix—compare asset support and funding costs. Capital flows to whoever offers better terms.