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hyperliquid

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Hyperliquid Just Quietly Burned Another $1.32 Million In HYPE 🥂 This happens every single day. Most people never notice. In the last 24 hours, on-chain data from trackers shows Hyperliquid’s Assistance Fund repurchased and burned approximately 15,350 HYPE tokens at an average of around $86 — roughly $1.32 million removed from circulation in one day. Cumulative lifetime burns now stand at about 48.45 million HYPE. Based on the reported 1B maximum supply, cumulative burns of about 48.45M HYPE represent roughly 4.84% permanently removed. The mechanism is designed to operate automatically, using a portion of platform trading fees to acquire and burn HYPE. Two honest caveats: - The dollar values change with HYPE’s market price. The $1.32 million figure reflects the price at the time of reporting. - These figures come from third-party on-chain trackers. They are consistent with Hyperliquid’s documented burn design but are externally reported metrics. That burn total grows every day trading continues. $HYPE {future}(HYPEUSDT) #Hyperliquid #write2earn --- Not financial advice. DYOR.
Hyperliquid Just Quietly Burned Another $1.32 Million In HYPE 🥂

This happens every single day. Most people never notice.

In the last 24 hours, on-chain data from trackers shows Hyperliquid’s Assistance Fund repurchased and burned approximately 15,350 HYPE tokens at an average of around $86 — roughly $1.32 million removed from circulation in one day.

Cumulative lifetime burns now stand at about 48.45 million HYPE.
Based on the reported 1B maximum supply, cumulative burns of about 48.45M HYPE represent roughly 4.84% permanently removed.

The mechanism is designed to operate automatically, using a portion of platform trading fees to acquire and burn HYPE.

Two honest caveats:

- The dollar values change with HYPE’s market price. The $1.32 million figure reflects the price at the time of reporting.
- These figures come from third-party on-chain trackers. They are consistent with Hyperliquid’s documented burn design but are externally reported metrics.

That burn total grows every day trading continues.

$HYPE

#Hyperliquid #write2earn
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Not financial advice. DYOR.
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🪂 NOTICE SOMETHING? EVERY WHALE TRACKED ON THIS PAGE TRADES IN THE SAME PLACE The $25.7M ZEC short? Hyperliquid. The $9.11M SOL longs? Hyperliquid. The $107M BTC long? Hyperliquid. Maybe that's why 38.888% of the entire $HYPE supply is reserved for its community — the platform whales actually use. Farming play: trade, stake HYPE, explore HyperEVM. That's it. Rounding out this week's stack: • Polymarket — $21B valuation, still NO token; weekly volume + limit orders • MegaETH — touch mainnet daily • Base — cheap bridge/swap streaks • Push Chain — free tasks • Midnight NIGHT — thawing unlocks keep dripping 👇 Follow for airdrop setups before the crowd #AirdropAlert #Hyperliquid #Crypto #Web3
🪂 NOTICE SOMETHING? EVERY WHALE TRACKED ON THIS PAGE TRADES IN THE SAME PLACE

The $25.7M ZEC short? Hyperliquid.
The $9.11M SOL longs? Hyperliquid.
The $107M BTC long? Hyperliquid.

Maybe that's why 38.888% of the entire $HYPE supply is reserved for its community — the platform whales actually use. Farming play: trade, stake HYPE, explore HyperEVM. That's it.

Rounding out this week's stack:
• Polymarket — $21B valuation, still NO token; weekly volume + limit orders
• MegaETH — touch mainnet daily
• Base — cheap bridge/swap streaks
• Push Chain — free tasks
• Midnight NIGHT — thawing unlocks keep dripping

👇 Follow for airdrop setups before the crowd

#AirdropAlert #Hyperliquid #Crypto #Web3
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#hype #Hyperliquid Checking out this market structure play on HYPE! Before: Price pulled back cleanly into our major support and demand area, testing key structural levels and printing an MSS (Market Structure Shift) with a strong reaction from the imbalance zone. After: Look at that bounce! Price respected the structure completely, reacted right off the demand zone, and pushed upward into our green target area. Read the structure, trust your zones, and manage your risk!
#hype #Hyperliquid Checking out this market structure play on HYPE!
Before: Price pulled back cleanly into our major support and demand area, testing key structural levels and printing an MSS (Market Structure Shift) with a strong reaction from the imbalance zone.
After: Look at that bounce! Price respected the structure completely, reacted right off the demand zone, and pushed upward into our green target area.
Read the structure, trust your zones, and manage your risk!
Partly True
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🚨 $HYPE FACES A ~$860M UNLOCK TODAY ➡️ 9.92M HYPE unlocked ➡️ Core contributors ➡️ Headline value: ~$860M But the real question is: How much actually hits the market? 👀 🔥 Trader Takeaway: If HYPE absorbs the unlock and holds key support, that signals strong demand and could fuel another push toward the ATH. But if heavy selling breaks support, expect a deeper pullback. ⚠️ Expect volatility. Manage risk and avoid excessive leverage. #HYPE #Hyperliquid $HYPER
🚨 $HYPE FACES A ~$860M UNLOCK TODAY

➡️ 9.92M HYPE unlocked
➡️ Core contributors
➡️ Headline value: ~$860M

But the real question is: How much actually hits the market? 👀

🔥 Trader Takeaway: If HYPE absorbs the unlock and holds key support, that signals strong demand and could fuel another push toward the ATH. But if heavy selling breaks support, expect a deeper pullback.

⚠️ Expect volatility. Manage risk and avoid excessive leverage.

#HYPE #Hyperliquid $HYPER
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🦈 $SOL WHALE HURDW SNATCHES $28M ON HYPERLIQUID – PREPARE FOR SWEEP 🚀 The whale HURDw just locked in 285,503 $SOL on Hyperliquid, a $28.8M power‑move that screams smart‑money intent. 🦈📊 Every bite of liquidity at that scale forces sellers to retreat, setting a fresh demand wall just above current price. Expect a bullish surge as the order book clears, with the next wave likely to ride the momentum. 🌊⚡ 💬 Are you ready to ride the HURDw wave or sit on the sidelines? 👇 ⚠️ Not financial advice. Always manage your risk. 🛡️ 🏷️ #SOL #WhaleAlert #Hyperliquid #Crypto 🔥 💎
🦈 $SOL WHALE HURDW SNATCHES $28M ON HYPERLIQUID – PREPARE FOR SWEEP 🚀

The whale HURDw just locked in 285,503 $SOL on Hyperliquid, a $28.8M power‑move that screams smart‑money intent. 🦈📊

Every bite of liquidity at that scale forces sellers to retreat, setting a fresh demand wall just above current price. Expect a bullish surge as the order book clears, with the next wave likely to ride the momentum. 🌊⚡

💬 Are you ready to ride the HURDw wave or sit on the sidelines? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #SOL #WhaleAlert #Hyperliquid #Crypto

🔥 💎
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Crypto Twitter had a mini meltdown on Saturday when Hyperliquid unlocked $820 million worth of $HYPE tokens in a single batch. If you just saw that headline, it sounds like a wall of sell pressure about to hit the market 😬 Here's what the panic missed. This isn't Hyperliquid's first unlock, and the pattern is pretty consistent. Back in March, a similarly sized batch got released and only about 1.75% of it actually reached exchanges within 30 days. Most holders just don't sell. Some stake it, some move wallets, most just sit on it. The August 29 unlock is the most recent proof. That one released $1.2 billion worth near the all time high of $86.71, price dipped to around $81, and within days HYPE was back above $85. There's also a real mechanism working in the token's favor. Hyperliquid's Assistance Fund routes 99% of trading fees into automatic buybacks and has already burned 48 million plus HYPE, permanently removing close to 5% of max supply. That's a genuine offset to new unlocks hitting the market. The part I'd actually watch is October 6. That one unlocks another chunk close to $860 million, nearly 4% of circulating supply this time, more than double the usual monthly tranche. If claim rates jump instead of staying near that historical 1-2%, that's the one that could actually move price. Is HYPE's buyback engine strong enough to keep absorbing these unlocks, or is October the one that finally tests it for real? 👀 NFA, obviously. Unlock mechanics are worth understanding before you react to any headline number. #HYPE #Hyperliquid #Binance {future}(HYPEUSDT)
Crypto Twitter had a mini meltdown on Saturday when Hyperliquid unlocked $820 million worth of $HYPE tokens in a single batch. If you just saw that headline, it sounds like a wall of sell pressure about to hit the market 😬

Here's what the panic missed. This isn't Hyperliquid's first unlock, and the pattern is pretty consistent. Back in March, a similarly sized batch got released and only about 1.75% of it actually reached exchanges within 30 days. Most holders just don't sell. Some stake it, some move wallets, most just sit on it.

The August 29 unlock is the most recent proof. That one released $1.2 billion worth near the all time high of $86.71, price dipped to around $81, and within days HYPE was back above $85.

There's also a real mechanism working in the token's favor. Hyperliquid's Assistance Fund routes 99% of trading fees into automatic buybacks and has already burned 48 million plus HYPE, permanently removing close to 5% of max supply. That's a genuine offset to new unlocks hitting the market.

The part I'd actually watch is October 6. That one unlocks another chunk close to $860 million, nearly 4% of circulating supply this time, more than double the usual monthly tranche. If claim rates jump instead of staying near that historical 1-2%, that's the one that could actually move price.

Is HYPE's buyback engine strong enough to keep absorbing these unlocks, or is October the one that finally tests it for real? 👀

NFA, obviously. Unlock mechanics are worth understanding before you react to any headline number.

#HYPE #Hyperliquid #Binance
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#Hyperliquid #etf UBS and Jane Street enter Hyperliquid ETF 🚀 Wall Street is taking its first steps into the DeFi sector through regulated funds. According to the latest 13F reports, 30 institutions have declared $74.9 million in three new Hyperliquid ETFs. The reports only show positions as of the end of June, so these numbers are just the “tip of the iceberg” and the first signal of the market. 🎯 Who are the TOP 5 holders: ➡️ Wealth High Governance: $23.9 million ➡️ OLP Capital: $10.5 million ➡️ UBS: $7.5 million ➡️ Bank of Montreal: $6.7 million ➡️ Jane Street: $4.4 million The top 5 players hold 71% of all declared institutional funds. 📈 Why is $HYPE growing? The total assets of the three ETFs have already reached $480.9 million, and the token itself has updated its ATH at around $89.60 (capitalization $19.7 billion). The growth engine is buybacks: 99% of commissions from the trading platform (that's $68.6 million over the last 30 days) go to the automatic redemption of $HYPE from the market, and ETF funds additionally block tokens in staking, removing them from free circulation. {future}(HYPEUSDT)
#Hyperliquid #etf
UBS and Jane Street enter Hyperliquid ETF 🚀

Wall Street is taking its first steps into the DeFi sector through regulated funds. According to the latest 13F reports, 30 institutions have declared $74.9 million in three new Hyperliquid ETFs.
The reports only show positions as of the end of June, so these numbers are just the “tip of the iceberg” and the first signal of the market.

🎯 Who are the TOP 5 holders:
➡️ Wealth High Governance: $23.9 million
➡️ OLP Capital: $10.5 million
➡️ UBS: $7.5 million
➡️ Bank of Montreal: $6.7 million
➡️ Jane Street: $4.4 million

The top 5 players hold 71% of all declared institutional funds. 📈 Why is $HYPE growing?
The total assets of the three ETFs have already reached $480.9 million, and the token itself has updated its ATH at around $89.60 (capitalization $19.7 billion).

The growth engine is buybacks: 99% of commissions from the trading platform (that's $68.6 million over the last 30 days) go to the automatic redemption of $HYPE from the market, and ETF funds additionally block tokens in staking, removing them from free circulation.
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🚨 $HYPER IS AT A CRITICAL MOMENT 🚨 $HYPE just pushed into new all-time-high territory near $90. 🔥 Now the big question: Is this the start of the next leg up… or are we about to see a sharp pullback? 👀 📍 Key levels I’m watching: 🟢 $84–$85 → important area to hold 🔥 $90 → breakout zone 🎯 $95 → next potential target 🚀 $100 → psychological milestone The momentum is clearly strong, but after a move this aggressive, chasing the top can be risky. A clean breakout and successful retest could make the setup even more interesting. Would you buy $HYPE here, or wait for a pullback? 👇 DYOR. Manage your risk. ⚠️ $HYPER #Hyperliquid #Crypto #altcoins #BinanceSquare
🚨 $HYPER IS AT A CRITICAL MOMENT 🚨

$HYPE just pushed into new all-time-high territory near $90. 🔥

Now the big question:

Is this the start of the next leg up… or are we about to see a sharp pullback? 👀

📍 Key levels I’m watching: 🟢 $84–$85 → important area to hold
🔥 $90 → breakout zone
🎯 $95 → next potential target
🚀 $100 → psychological milestone

The momentum is clearly strong, but after a move this aggressive, chasing the top can be risky. A clean breakout and successful retest could make the setup even more interesting.

Would you buy $HYPE here, or wait for a pullback? 👇

DYOR. Manage your risk. ⚠️

$HYPER #Hyperliquid #Crypto #altcoins #BinanceSquare
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WALL STREET IS EXPOSING $HYPE {future}(HYPEUSDT) • Jane Street reported about $4.4M across three U.S.-listed Hyperliquid ETFs, while UBS disclosed roughly $7.5M in holdings. • The five largest institutional holders account for around $53M, or 71% of the $74.9M total disclosed holdings. The three ETFs have also pulled in about $356.6M in net inflows since launch. • The numbers add another layer to the institutional story around $HYPE, although 13F filings are only snapshots as of June 30 and don't necessarily mean these firms are outright bullish. • With regulated demand building, traders will be watching $HYPE's next major support and resistance zones closely to see whether price can turn the institutional narrative into another leg higher. #hype #Hyperliquid
WALL STREET IS EXPOSING $HYPE

• Jane Street reported about $4.4M across three U.S.-listed Hyperliquid ETFs, while UBS disclosed roughly $7.5M in holdings.

• The five largest institutional holders account for around $53M, or 71% of the $74.9M total disclosed holdings. The three ETFs have also pulled in about $356.6M in net inflows since launch.

• The numbers add another layer to the institutional story around $HYPE , although 13F filings are only snapshots as of June 30 and don't necessarily mean these firms are outright bullish.

• With regulated demand building, traders will be watching $HYPE 's next major support and resistance zones closely to see whether price can turn the institutional narrative into another leg higher.
#hype #Hyperliquid
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⚡ HYPERLIQUID: THE DERIVATIVES POWERHOUSE! $HYPER {spot}(HYPERUSDT) just hit a new ATH near $90 with $1B+ daily volume. Why is everyone talking about it? ✅ Aggressive token buybacks reducing supply ✅ Whale accumulation & staking withdrawals signaling confidence ✅ Leading perps DEX with real revenue & user growth ✅ Derivatives narrative heating up as traders seek leverage With open interest in altcoins surpassing BTC for the first time in a year, HYPE is positioned as a top beta play on the derivatives boom. #Hyperliquid #hype #crypto #Derivatives #trading
⚡ HYPERLIQUID: THE DERIVATIVES POWERHOUSE!
$HYPER
just hit a new ATH near $90 with $1B+ daily volume. Why is everyone talking about it?
✅ Aggressive token buybacks reducing supply
✅ Whale accumulation & staking withdrawals signaling confidence
✅ Leading perps DEX with real revenue & user growth
✅ Derivatives narrative heating up as traders seek leverage
With open interest in altcoins surpassing BTC for the first time in a year, HYPE is positioned as a top beta play on the derivatives boom.
#Hyperliquid #hype #crypto #Derivatives #trading
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Hyperliquid may be edging toward a regulated U.S. route for crypto perpetuals—and that would be a major shift for one of DeFi’s most closely watched trading venues. The report says Hyperliquid Labs is in advanced discussions with Kraken parent Payward on a structure that could bring selected perpetual futures products to U.S. traders. Nothing is final, and regulatory approval would still be essential. Why this matters: perpetuals are central to crypto market liquidity, but U.S. access has long been constrained by compliance rules. A workable model involving an established exchange operator could test whether decentralized-style derivatives can reach U.S. users within a regulated framework. The real story isn’t just Hyperliquid expanding. It’s whether regulators and major platforms are ready to create clearer paths for crypto derivatives beyond spot trading. Watch for confirmation of the arrangement, which products could be included, and—most importantly—how regulators respond. Could this become the blueprint for bringing on-chain perpetual trading to the U.S.? #Hyperliquid #CryptoDerivatives #CryptoNews
Hyperliquid may be edging toward a regulated U.S. route for crypto perpetuals—and that would be a major shift for one of DeFi’s most closely watched trading venues.

The report says Hyperliquid Labs is in advanced discussions with Kraken parent Payward on a structure that could bring selected perpetual futures products to U.S. traders. Nothing is final, and regulatory approval would still be essential.

Why this matters: perpetuals are central to crypto market liquidity, but U.S. access has long been constrained by compliance rules. A workable model involving an established exchange operator could test whether decentralized-style derivatives can reach U.S. users within a regulated framework.

The real story isn’t just Hyperliquid expanding. It’s whether regulators and major platforms are ready to create clearer paths for crypto derivatives beyond spot trading.

Watch for confirmation of the arrangement, which products could be included, and—most importantly—how regulators respond.

Could this become the blueprint for bringing on-chain perpetual trading to the U.S.?

#Hyperliquid #CryptoDerivatives #CryptoNews
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The Truth About Hyperliquid HYPE Token Unlocks Hyperliquid's massive HYPE token unlock is causing panic, but historical data suggests the expected sell pressure might not materialize. #Hyperliquid #HYPEUnlocks ‎
The Truth About Hyperliquid HYPE Token Unlocks

Hyperliquid's massive HYPE token unlock is causing panic, but historical data suggests the expected sell pressure might not materialize.

#Hyperliquid #HYPEUnlocks
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Wall Street Is Buying $HYPE 13F filings confirm it: 30 institutions now hold $74.9M in Hyperliquid ETFs as of June 30. Confirmed holders: UBS AG - $7.53M Bank of Montreal - $6.69M Jane Street LLC - $4.38M Top holder: Wealth High Governance Asset Mgmt with $23.95M in 21Shares' HYPE fund. This isn't retail hype. This is TradFi entering through regulated ETFs. Source: Bloomberg Intelligence ETF Analyst James Seyffart via 13F filings $HYPE #Hyperliquid #etf #13F #CryptoInstitutional . . $HYPE {future}(HYPEUSDT)
Wall Street Is Buying $HYPE

13F filings confirm it: 30 institutions now hold $74.9M in Hyperliquid ETFs as of June 30.

Confirmed holders:
UBS AG - $7.53M
Bank of Montreal - $6.69M
Jane Street LLC - $4.38M

Top holder: Wealth High Governance Asset Mgmt with $23.95M in 21Shares' HYPE fund.

This isn't retail hype. This is TradFi entering through regulated ETFs.

Source: Bloomberg Intelligence ETF Analyst James Seyffart via 13F filings

$HYPE #Hyperliquid #etf #13F #CryptoInstitutional
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$HYPE
Hyperliquid native token $HYPE recently hit an all-time high of about $89.67. According to cross-checks by Bitcoin.com (based on Coinbase pricing) and Gate: Bitwise’s Hyperliquid ETF (ticker BHYP) since its launch in May has tracked on-chain buying of approximately $166.3 million, making it the largest product in its peer group; on Friday alone, it added another roughly $10.5 million. Using SoSoValue’s figures, as of September 4, three products—21Shares THYP, Bitwise BHYP, and Grayscale HYPG—together recorded cumulative net inflows of about $357 million, with total net assets of approximately $481 million. In Q2’s 13F filings, institutions such as UBS, the Bank of Montreal, and Jane Street are also visible, with disclosed aggregate exposure of about $74.9 million—suggesting that institutions are beginning to allocate to these high-beta assets through regulated channels. Let’s be clear about the boundaries: a new high combined with ETF inflows indicates the demand structure is changing, but it doesn’t mean you can expect a straight-line surge in the short term. The six-month gain is already close to 176%; leverage, unlocks, and sentiment shifts can all amplify pullbacks. ETF buying and protocol-side repurchases are more like a medium-term support narrative rather than a “must go up” instruction. First, see whether key integer levels can hold, whether trading volume can stay strong, and only then decide whether the trend has truly switched. Market reference: Bitcoin is around $78,400, BNB around $747, and $HYPE is currently consolidating near the $83 area after pulling back. This week, also watch PPI and CPI—position management matters more than slogans. $HYPE $BNB #Hyperliquid #crypto market Not investment advice
Hyperliquid native token $HYPE recently hit an all-time high of about $89.67. According to cross-checks by Bitcoin.com (based on Coinbase pricing) and Gate: Bitwise’s Hyperliquid ETF (ticker BHYP) since its launch in May has tracked on-chain buying of approximately $166.3 million, making it the largest product in its peer group; on Friday alone, it added another roughly $10.5 million. Using SoSoValue’s figures, as of September 4, three products—21Shares THYP, Bitwise BHYP, and Grayscale HYPG—together recorded cumulative net inflows of about $357 million, with total net assets of approximately $481 million. In Q2’s 13F filings, institutions such as UBS, the Bank of Montreal, and Jane Street are also visible, with disclosed aggregate exposure of about $74.9 million—suggesting that institutions are beginning to allocate to these high-beta assets through regulated channels.

Let’s be clear about the boundaries: a new high combined with ETF inflows indicates the demand structure is changing, but it doesn’t mean you can expect a straight-line surge in the short term. The six-month gain is already close to 176%; leverage, unlocks, and sentiment shifts can all amplify pullbacks. ETF buying and protocol-side repurchases are more like a medium-term support narrative rather than a “must go up” instruction. First, see whether key integer levels can hold, whether trading volume can stay strong, and only then decide whether the trend has truly switched.

Market reference: Bitcoin is around $78,400, BNB around $747, and $HYPE is currently consolidating near the $83 area after pulling back. This week, also watch PPI and CPI—position management matters more than slogans.

$HYPE $BNB
#Hyperliquid #crypto market
Not investment advice
📰 There’s an address on Hyperliquid, 0x152e…c9dc, that was dug up—cumulative profits have already reached $25.10 million. In the past 30 days alone, it has withdrawn $13.27 million. Honestly, at that pace on-chain, it’s hard not to take a second look. 🔥 He hasn’t stopped yet: he currently still has a long position of 177,590 HYPE, with a position size of about $14.97 million. His entry average price is $56.03, and the unrealized profit is roughly $5.02 million. What’s most likely to make people a bit uneasy isn’t how much he earned earlier, but the fact that this big position is still there. The profit is already substantial—taking profits at any time wouldn’t be surprising; but continuing to hold also suggests he hasn’t changed his direction for now. 👀 Once a position of this size moves, the HYPE crowd will probably start speculating right away: will he keep adding, or is he preparing to exit? 🤔 Do you think this $5.02 million unrealized profit—he’ll close part of it first, or keep holding it? #HYPE #Hyperliquid #链上数据 #crypto market
📰 There’s an address on Hyperliquid, 0x152e…c9dc, that was dug up—cumulative profits have already reached $25.10 million.

In the past 30 days alone, it has withdrawn $13.27 million. Honestly, at that pace on-chain, it’s hard not to take a second look.

🔥 He hasn’t stopped yet: he currently still has a long position of 177,590 HYPE, with a position size of about $14.97 million. His entry average price is $56.03, and the unrealized profit is roughly $5.02 million.

What’s most likely to make people a bit uneasy isn’t how much he earned earlier, but the fact that this big position is still there. The profit is already substantial—taking profits at any time wouldn’t be surprising; but continuing to hold also suggests he hasn’t changed his direction for now.

👀 Once a position of this size moves, the HYPE crowd will probably start speculating right away: will he keep adding, or is he preparing to exit?

🤔 Do you think this $5.02 million unrealized profit—he’ll close part of it first, or keep holding it?

#HYPE #Hyperliquid #链上数据 #crypto market
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Why has HYPE become so hot this round, while GMX and DYDX, once the leading perpetual DEXs, have become increasingly lukewarm?The core issue is not that HYPE is better at hype, but that the three are no longer at the same stage of development. Let's first look at the most direct data. Over the past 30 days, Hyperliquid perpetual contract trading volume has already exceeded $200 billion, while GMX and dYdX are down to only several billion dollars, or even less. The gap in open interest is even more dramatic: Hyperliquid has already reached the tens of billions of dollars level, while GMX and dYdX are only at the tens of millions of dollars level. This means that what the market is facing now is no longer a choice among “three roughly similar perpetual DEXs,” but rather that Hyperliquid has already formed a clear advantage through liquidity monopoly.

Why has HYPE become so hot this round, while GMX and DYDX, once the leading perpetual DEXs, have become increasingly lukewarm?

The core issue is not that HYPE is better at hype, but that the three are no longer at the same stage of development.
Let's first look at the most direct data.
Over the past 30 days, Hyperliquid perpetual contract trading volume has already exceeded $200 billion, while GMX and dYdX are down to only several billion dollars, or even less.
The gap in open interest is even more dramatic: Hyperliquid has already reached the tens of billions of dollars level, while GMX and dYdX are only at the tens of millions of dollars level.
This means that what the market is facing now is no longer a choice among “three roughly similar perpetual DEXs,” but rather that Hyperliquid has already formed a clear advantage through liquidity monopoly.
📰 Hyperliquid repurchased and burned another 15,350 HYPE in the past 24 hours, worth about $1.32 million, at an average price of $86.17. 🔥 These tokens have been permanently removed from circulation. They weren’t transferred to an address for temporary storage, nor simply locked up. To be honest, when it comes to buybacks and burns, what the market cares about is whether it can be sustained. 💡 Since the burn mechanism was launched, Hyperliquid has cumulatively destroyed 48.45 million HYPE, accounting for 4.84% of the token’s maximum supply. This percentage isn’t small—it at least suggests that the burn isn’t just a one-time promotional action, but something being executed continuously. 👀 Of course, the burn itself doesn’t automatically lead to price increases. The real key is whether the subsequent buyback size can be maintained, and whether the funds generated by the platform’s business are sufficient to support this mechanism. Either way, at least for now, this pace really will make holders take another look. 🤔 Do you think HYPE’s ongoing buyback-and-burn can become long-term support, or will the market digest this news quickly? #HYPE #Hyperliquid #代币销毁 #on-chain data
📰 Hyperliquid repurchased and burned another 15,350 HYPE in the past 24 hours, worth about $1.32 million, at an average price of $86.17.

🔥 These tokens have been permanently removed from circulation. They weren’t transferred to an address for temporary storage, nor simply locked up. To be honest, when it comes to buybacks and burns, what the market cares about is whether it can be sustained.

💡 Since the burn mechanism was launched, Hyperliquid has cumulatively destroyed 48.45 million HYPE, accounting for 4.84% of the token’s maximum supply. This percentage isn’t small—it at least suggests that the burn isn’t just a one-time promotional action, but something being executed continuously.

👀 Of course, the burn itself doesn’t automatically lead to price increases. The real key is whether the subsequent buyback size can be maintained, and whether the funds generated by the platform’s business are sufficient to support this mechanism. Either way, at least for now, this pace really will make holders take another look.

🤔 Do you think HYPE’s ongoing buyback-and-burn can become long-term support, or will the market digest this news quickly?

#HYPE #Hyperliquid #代币销毁 #on-chain data
Article
Realized profit of $3.65 million not withdrawn—Hyperliquid whale stays in cash awaiting the next shotThe most unusual thing about this Hyperliquid big whale isn’t that they made money—it’s that they didn’t take it out. Address 0xfce053a5e461683454bf37ad66d20344c0e3f4c0 entered the market on April 13. Over the next 145 days, they closed 677 positions, won 490 of them, for a win rate of 72.4%, and realized $3.65 million. Two details are worth savoring. First, it’s steady. Over 145 days, the maximum drawdown is only $366,000—exactly one-tenth compared with their realized profit, and not a single liquidation got triggered. The trading rhythm is four or five orders per day: cycling between BTC, ETH, and HYPE, and occasionally touching MEGA—more like a quick stop-loss, quick move-forward approach, not a one-shot all-in bet on a single direction. Second, it’s efficient. With $47 million in total trading volume, the total fees paid were just $8,679, averaging under $13 per trade. Most large whales’ fees alone are typically six figures; it’s rare to be able to save this much.

Realized profit of $3.65 million not withdrawn—Hyperliquid whale stays in cash awaiting the next shot

The most unusual thing about this Hyperliquid big whale isn’t that they made money—it’s that they didn’t take it out.
Address 0xfce053a5e461683454bf37ad66d20344c0e3f4c0 entered the market on April 13. Over the next 145 days, they closed 677 positions, won 490 of them, for a win rate of 72.4%, and realized $3.65 million.
Two details are worth savoring.
First, it’s steady. Over 145 days, the maximum drawdown is only $366,000—exactly one-tenth compared with their realized profit, and not a single liquidation got triggered. The trading rhythm is four or five orders per day: cycling between BTC, ETH, and HYPE, and occasionally touching MEGA—more like a quick stop-loss, quick move-forward approach, not a one-shot all-in bet on a single direction.
Second, it’s efficient. With $47 million in total trading volume, the total fees paid were just $8,679, averaging under $13 per trade. Most large whales’ fees alone are typically six figures; it’s rare to be able to save this much.
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HYPE down 3.4%; 98% of the $5.7M liquidation is longConclusion first: HYPE is down 3.4% today; in the last 24 hours, $5.7 million was liquidated, and 98% are long positions—shorts basically weren’t hit. Current price is 83.5. Binance and OKX are both down a bit over 3%. Intraday, it fell from above 87 to 81.5. All longs only: 1,300 trades in a day, averaging over $4,000 per trade. In the past four hours alone, another $2.7 million was taken back—98.8% of it still long positions. Largest single trade: 11,660 long orders were lifted away at $82, worth $956,000—right on Hyperliquid’s own platform. HYPE is Hyperliquid’s platform token, and its own longs were cleared on its own turf. Leverage is being withdrawn: total global futures open interest is $3.27 billion, with Binance down 9% and OKX down 5%. Yet fees are all positive—longs are pulling back while still paying. The only one going against the trend is gate, whose open interest increased by 15% against the market.

HYPE down 3.4%; 98% of the $5.7M liquidation is long

Conclusion first: HYPE is down 3.4% today; in the last 24 hours, $5.7 million was liquidated, and 98% are long positions—shorts basically weren’t hit.
Current price is 83.5. Binance and OKX are both down a bit over 3%. Intraday, it fell from above 87 to 81.5.
All longs only: 1,300 trades in a day, averaging over $4,000 per trade. In the past four hours alone, another $2.7 million was taken back—98.8% of it still long positions.
Largest single trade: 11,660 long orders were lifted away at $82, worth $956,000—right on Hyperliquid’s own platform. HYPE is Hyperliquid’s platform token, and its own longs were cleared on its own turf.
Leverage is being withdrawn: total global futures open interest is $3.27 billion, with Binance down 9% and OKX down 5%. Yet fees are all positive—longs are pulling back while still paying. The only one going against the trend is gate, whose open interest increased by 15% against the market.
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