News linked to both this project and an event.
The Crypto Innovation Council (CCI) announced that Etherealize, Hyperliquid Policy Center, and Tools for Humanity (TFH) have officially joined. CCI stated that the new members will enhance its technical expertise in the fields of on-chain finance, institutional finance, and digital identity to better support policy making.
According to The Block, Nasdaq-listed Hyperliquid treasury company Hyperion DeFi (HYPD) announced a HYPE Asset Usage Service Agreement (HAUS) with Skew Technologies and will deploy 500,000 staked HYPE (approximately $33.59 million) to Skew to support Skew's launch of a new suite of institutional-grade perpetual futures products on the Hyperliquid HIP-3 permissionless market. In return, Hyperion will receive equity in Skew and a revenue share from market listing services. Previously, Hyperion had terminated similar staking agreements with Felix and Native Markets because both built HIP-3 markets based on Hyperliquid's deprecated native stablecoin USDH. Currently, Hyperliquid has shifted to using Circle's USDC as the primary quote asset, with Coinbase serving as the stablecoin vault provider.
Bitwise released a report stating that while crypto asset prices fell by approximately 36% in the first half of 2026, crypto-related stocks rose by 23%. This performance trailed only emerging market stocks, outpacing all other major asset classes. Bitwise Head of Research Ryan Rasmussen noted that the 30 crypto-related publicly listed companies in the Bitwise Crypto Innovators 30 Index outperformed the U.S. stock market by a factor of two, driven by factors including AI computing demand benefiting mining companies, stablecoin issuers, and asset tokenization platforms.Furthermore, according to Token Terminal data, the top ten crypto applications generated cumulative revenue of $5.9 billion over the past 12 months. PancakeSwap, Hyperliquid, and Aave ranked in the top three, with cumulative revenues of $923 million, $912 million, and $877 million, respectively.During the same period, the scale of tokenized real-world assets reached $33 billion in the second quarter, an increase of 45% from the beginning of the year; open interest in prediction markets hit an all-time high of $1.8 billion, with quarterly trading volume reaching $43 billion. (The Block)
Odaily News on July 14, Bitcoin ETFs recorded net inflows of $181 million, and Ethereum ETFs recorded net inflows of $58.34 million. No outflows were observed for either Bitcoin or Ethereum ETFs on that day. BlackRock's IBIT saw net inflows of $139 million, Fidelity's FBTC posted net inflows of $21.07 million; all net inflows into Ethereum ETFs came from BlackRock's ETHA. HYPE, XRP, and Solana ETFs had no trading activity on the day. Morgan Stanley submitted a proposed amended filing for spot Ethereum and Solana ETFs, with the document covering service providers such as Coinbase Custody and staking provisions. Japanese policymakers are advancing reforms aimed at classifying crypto assets under the Financial Instruments and Exchange Act.
: Celestia Labs has announced the acquisition of Sovereign Labs, a developer of high-performance blockchain frameworks. Since 2021, Sovereign Labs has been deeply involved in the Celestia ecosystem, with its framework providing underlying support for projects such as the cross-chain bridge Relay Protocol and the high-performance perpetual contract trading platform Bullet. Following this acquisition, Celestia Labs' technical capabilities will extend from Layer 1 to the execution and application layers, positioning it as a full-stack custom blockchain development partner for enterprises. As projects like Hyperliquid, Polymarket, and Robinhood have chosen to build their own chains, enterprise demand for full-stack blockchain infrastructure is growing.
According to Odaily, Trade.XYZ today launched the pre-market contract for ChangXin Memory Technologies (CXMT) on the Hyperliquid HIP-3 market. The price peaked at $8.64 and has now retreated to around $8. According to statistics, CXMT's total share capital post-issuance is approximately 66.888 billion shares. Based on the current pre-market price, CXMT's market value is approximately $540 billion, surpassing Tencent ($526.5 billion) to rank 32nd globally in market capitalization.It is reported that CXMT will initiate its new share subscription on the STAR Market (科创板) on July 16.
According to CoinDesk, crypto communications company Chainstory released a research report stating that among the top 1000 crypto projects ranked by CoinGecko, only 67 have Wikipedia entries, with well-known projects such as Hyperliquid and Sui not included. As AI tools like ChatGPT have 7.8% of their citation links pointing to Wikipedia (far higher than Reddit's 1.8% and Forbes's 1.1%), the lack of content on Wikipedia is having a substantial impact on AI's understanding of the crypto industry. The report also noted that Wikipedia lists crypto vertical media (including CoinDesk) as "generally unreliable" sources, while mainstream media, although recognized, rarely provide in-depth coverage of DeFi niches, further exacerbating the information gap. Chainstory concluded, "The crypto industry barely exists on Wikipedia."
Odaily Planet Daily reported that HyperliquidNews posted on platform X, stating that the new HIP-3 ticker CXMT was acquired for 500 HYPE, valued at $32,625. The ticker is for Chinese storage chip manufacturer CXMT, which plans to list on IPOP ahead of its anticipated IPO on July 27.
According to The Block, Hyperliquid's HIP-3 framework—a permissionless mechanism that allows developers to freely deploy perpetual contract markets—has seen its trading volume share surge from about 2% at the beginning of the year to nearly 50% currently, with growth primarily driven by demand for on-chain stock trading. Currently, this sector is dominated by TradeXYZ, whose products include XYZ100, which tracks the Nasdaq 100 Index, as well as perpetual contracts for individual stocks such as NVIDIA and Tesla, all settled in stablecoins. Analysts point out that the core appeal of on-chain stock perpetual contracts lies in two aspects: first, the no-expiration design avoids time value decay compared to traditional options, making it more intuitive for retail traders accustomed to simple long/short positions; second, 24/7 non-stop trading enables users to respond immediately when news is released, without waiting for traditional markets to open.
Hyperliquid's HIP-3 market volume is growing rapidly. HIP-3 is Hyperliquid's permissionless framework for developers to deploy perpetual contract markets, with its share of Hyperliquid's total perpetual contract trading volume rising from approximately 2% at the beginning of the year to nearly 50% currently.This growth coincides with rising retail interest in on-chain stock trading. The current HIP-3 market is primarily dominated by TradeXYZ, which has launched markets including XYZ100 (tracking the Nasdaq 100 index) as well as contracts related to individual stocks such as Nvidia and Tesla.
Odaily News: According to Hyperliquid News, tradexyz will list the Sci-Tech Innovation Board 50 ETF (Shanghai Stock Exchange STAR Market).
On-chain data analysis shows that on the Hyperliquid HIP-3 platform, the SK Hynix (SKHX) perpetual contract currently accounts for approximately 33% of all HIP-3 trading volume, while also accounting for about 50% of the total trading volume of stock perpetual contracts, making it the single contract with the highest trading volume in this category. SKHX is a tokenized stock perpetual contract deployed by a builder via the HIP-3 mechanism, corresponding to the stock price of SK Hynix, South Korea. SK Hynix has long been listed on the Korean main board and is scheduled to complete its U.S. ADR (Nasdaq: SKHY) listing around July 10, 2026. HIP-3 allows eligible builders to stake HYPE and then permissionlessly deploy perpetual markets, enabling traders to trade related assets with leverage on the platform 24/7. This is also the context behind the original post author @0xNairolf's joke that "people really want to trade it before they are truly allowed to trade it"—namely, achieving relatively barrier-free trading through decentralized rails. The data is sourced from Hyperliquid official HIP-3 dashboard screenshots and verified by on-chain tracking sites; recently, SKHX's single-day trading volume has reached the hundreds of millions of U.S. dollars level multiple times.
Hyperliquid has listed the perpetual contract for CASHCAT, a Robinhood Chain Meme coin, supporting up to 3x leverage.
According to Odaily, within a week of its launch, Robinhood Chain has processed over 17 million transactions, reached nearly 350,000 addresses, has a protocol TVL of approximately $250 million, and a DEX trading volume exceeding $1 billion. This Arbitrum-powered blockchain recorded a trading volume of $568 million on Wednesday and over $350 million on Thursday, with more than 5.2 million transactions in 24 hours and 213,000 active addresses.Data from DefiLlama shows that Robinhood Chain's 24-hour DEX trading volume is approximately $433 million, ranking fifth among all blockchains and surpassing Hyperliquid. Its TVL has risen to around $94 million within a week, with a stablecoin balance exceeding $260 million. The market cap of Cash Cat has surpassed $180 million, while Robinhood-themed tokens such as Dog In Hood, Hoodrat, and Robinhood Summer have seen gains of hundreds to thousands of percentage points. ARB has risen by 20%, as Robinhood Chain operates on the Arbitrum technology stack and returns 10% of its net protocol revenue to the Arbitrum ecosystem (Decrypt).
Bybit added 4 US stock perpetual contracts today: Snowflake (SNOWUSDT), GE Vernova (GEVUSDT), Vertiv Holdings (VRTUSDT), and Hyperliquid Strategies (PURRUSDT), supporting up to 20x leverage.
Hyperliquid and non-custodial wallet Phantom have jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), calling for updates to regulatory rules for on-chain trading infrastructure. The two parties argue that current CFTC rules were designed for the traditional financial system, which relies on centralized intermediaries, and are not applicable to DeFi. They suggest clarifying that developing software for on-chain trading protocols does not require registration as an exchange or clearing agency, and that non-custodial wallet front-ends should not need to register as introducing brokers. They also propose allowing regulated institutions to use blockchain for trading and clearing operations. Previously, the CFTC and the U.S. SEC jointly released a request for comment in June, seeking industry input on regulatory rules affecting financial innovation. (The Block)
the official interface shows Polymarket has launched a Perp trading feature. It currently supports 10 assets including BTC, ETH, SOL, HYPE, as well as Gold, Silver, SP500, NAS100, WTIOIL, and SPCX, with up to 20x leverage available.
Ave.ai has officially launched the Perp DEX feature on iOS, integrating Hyperliquid perpetual contract trading capabilities. Users can now access perpetual contract trading scenarios on mobile through Ave Wallet Pro, experiencing more efficient and convenient on-chain contract trading services.Hyperliquid is a high-performance trading infrastructure that has garnered significant attention in the on-chain perpetual contract market. Its core revolves around a fully on-chain order book, perpetual contract trading, and an efficient matching experience. With this integration of Hyperliquid by Ave.ai, users can not only discover on-chain assets, view market data, and manage wallet assets through Ave.ai, but also participate in on-chain contract trading on mobile devices.As a one-stop on-chain trading platform, Ave.ai continuously upgrades its products around multi-chain asset discovery, DEX market data, on-chain data analysis, wallet transactions, and trading tools. The launch of Perp DEX on iOS is a crucial step for Ave.ai in improving its mobile trading ecosystem and further expands Ave.ai's contract trading scenarios beyond spot trading.Leveraging the new Perp DEX feature, users can view Hyperliquid contract market data in real-time, conveniently manage account assets, and quickly execute contract operations such as opening and closing positions. This significantly lowers the barrier to on-chain contract trading on mobile, helping users efficiently capture market opportunities and comprehensively enhancing mobile trading efficiency and user experience.In the future, Ave.ai will continue to optimize the Perp DEX product experience, iterating on key scenarios such as market data display, trading entry points, asset management, position interaction, and risk warnings. The platform will persistently refine its product capabilities to provide global Web3 users with more professional and efficient one-stop on-chain trading services.Crypto assets and perpetual contract trading carry high volatility and risk. Users are advised to thoroughly understand the relevant rules and carefully assess their own risk tolerance.
crypto venture capital fund Pantera Capital stated in a post that Hyperliquid's total addressable market is approximately $10 trillion in daily notional trading volume, including around $200 billion in 0DTE options and leveraged ETF trading, approximately $2 trillion in commodity derivatives trading, and around $8 trillion in foreign exchange derivatives trading.Pantera indicated that if Hyperliquid can consistently capture a low-single-digit percentage share of the aforementioned markets, its revenue potential could reach five times current levels. According to estimates, if the HIP-3 market achieves an annualized notional trading volume of $3.65 quadrillion and captures a 1% market share, under the assumptions of a combined fee rate of 2 basis points and Hyperliquid's economic split of 50%, the platform's revenue could reach approximately $3.7 billion.However, Pantera pointed out that regulation remains the biggest risk for Hyperliquid. Perpetual contracts are currently not fully open in the United States, and if the US promotes the legalization of related products in the future and introduces regulated platforms, Hyperliquid could face more intense competition, with some US user trading volume potentially shifting to compliant trading venues. Pantera believes Hyperliquid could also launch a regulated version targeting the US market in the future.
Bybit has launched the HYPEUSD Inverse Perpetual Contract (Inverse Perpetual), using HYPE as the margin and settlement currency, supporting up to 20x leverage with 24/7 trading. HYPE is the native token of the Hyperliquid ecosystem, and Hyperliquid is a high-performance L1 on-chain derivatives protocol. Inverse contracts allow users to trade directly using HYPE as collateral without needing to convert to USDT, suitable for traders holding HYPE long-term to hedge or enhance returns.