Hypernova raises $3M in pre-seed funding for prop trading platform built on Hyperliquid

Phantom leads Hyperliquid builders with $20.63 million in revenue and 137,496 users, capturing nearly one-third of the total top-10 earnings share.

P2P.org, a blockchain infrastructure provider operating validators across 40+ proof-of-stake networks since 2018, today launched Syncro Data Stream, a real-time blockchain data stream for Sui and Hyperliquid.

Hyperliquid's HYPE crashed by almost 10% today. Let's examine some of the possible technical reasons behind it.

On Tuesday, the Hyperliquid token (HYPE) surged to a new all-time high of $65, briefly propelling the cryptocurrency into the top ten by market capitalization and drawing fresh attention to the platform’s underlying momentum.  Grayscale Research released a new report 24 hours later on Wednesday, breaking down why Hyperliquid has worked so well so far, what has helped it expand beyond crypto trading, and what investors may look for next. Hyperliquid Beyond Crypto Perps In its report, Grayscale said Hyperliquid’s scale and growth can now be compared with the largest crypto derivatives venues, pointing to activity that has grown alongside its open interest and fees.  The firm noted that Hyperliquid handled about $2.9 trillion in perpetual futures (perps) volume in 2025 and currently holds roughly $7 billion in open interest.  Related Reading: Will XRP Price Ever Reach $200? Top Expert Discloses What Must Happen First The asset manager also ranked Hyperliquid as the third or fourth-largest

The post Bitwise’s $19M HYPE buy strengthens bull case, but ONE risk remains appeared on BitcoinEthereumNews.com. Institutional interest in Hyperliquid from traditional investors continues to grow, with recent data showing that Spot U.S. HYPE exchange-traded funds [ETFs] have already accounted for 1.04% of the asset’s total market capitalization, currently valued at $15.63 billion. This compares favorably to Bitcoin and Ethereum ETF penetration at 0.59% and 0.41%, respectively. Despite broader market struggles, Hyperliquid [HYPE] continues to hold above $60, with traditional investor participation playing a central role in sustaining that level. Bitwise records a $19 million single-day HYPE purchase Bitwise has recorded its largest single-day spot HYPE ETF purchase, according to data from SoSo Value for the trading session on the 26th of May. The $19 million single-day purchase represented 93.15% of the total $20.45 million in HYPE ETF purchases recorded that day. Trading volume from t

Grayscale Research cast Hyperliquid as a standout DeFi contender with potential to scale into a major on-chain financial services platform. Its report points to trading growth, exchange-style network effects, and token mechanics linked directly to platform demand. Grayscale Sees Hyperliquid as a DeFi Breakout Grayscale Research presented Hyperliquid as one of crypto’s clearest examples of […]

Hyperliquid generated roughly $800M in 2025 revenue without any venture capital funding behind it. The platform ranks 8th by crypto market cap, processing $2.9 trillion in perpetual futures volume in 2025. HIP-3 expansion pushed daily commodity perp volumes past $4B, with an S&P 500 contract now live on weekends. Hyperliquid has become one of the […] The post Hyperliquid Climbs Into Crypto’s Top 10 Despite U.S. Geoblock appeared first on Live Bitcoin News.

HYPE ETFs have topped $100 million in cumulative net inflows within their first 10 trading sessions, giving Hyperliquid another institutional demand channel as interest in altcoin funds expands. According to Farside Investors data, the funds added about $20 million in…