Hyperliquid is quietly becoming the Everything Exchange.
HIP-3 now accounts for ~40 % of total Hyperliquid volume and just hit $2.38B OI.
Non-crypto assets (oil, commodities, RWA) are no longer a side quest - they’re the main story.
Who’s still sleeping on this ? 👀
$HYPE
This is something the broad market really don't understand about Hyperliquid
You can integrate it via builder codes on any platform. Users can have deep liquidity while staying sticky to the value proposition of the platform
Platforms launching their own perps will soon realize how challenging it is to get the liquidity they need to attract real traders and they will be pushed to integrate or have wider spreads that market makers simply arb against Hyperliquid
Onchain perpetuals are the next evolution in derivatives markets, but U.S. law provides no pathway for Americans to participate.
HPC exists to change that.
Read more about our mission to advance new rules for decentralized markets in the United States:
@HyperliquidPC nails it.
Hyperliquid already delivers self-custody, onchain transparency, and true 24/7 markets, things legacy exchanges can’t match.
$6.5T+ perp volume in 2025 proves the demand is real.
Clarity will decide if America leads… or watches from the sidelines.
If you want to give Hyperdash a try and support the account at the same time, here’s my referral link : https://t.co/NGzb4RZGNo
I’d really appreciate it 🙂
#Hyperliquid#Hyperdash
A lot of traders on Hyperliquid want a clearer read on what the best wallets are doing.
One interesting way to do that is by observing top performers in real time.
That’s exactly where Hyperdash stands out right now.
Quick thread 👇
@HyperliquidX For institutions and macro traders still evaluating on-chain infrastructure : this is an observable case of real-world utility.
A data point worth checking.
Hyperliquid.
Hyperliquid recorded $2.3B in open interest on HIP-3 markets tied to oil and silver at their early april 2026 peak.
The activity surged during geopolitical stress, exactly when traditional markets were closed or illiquid, providing continuous 24/7 access.
Revenue is already massive, buybacks are structural, and the platform is adding real-world assets and composable primitives.
If the growth story continues, the current valuation leaves significant room on the upside.
What’s your take, is $HYPE still undervalued ?
Hyperliquid is currently trading at around 16x annualized revenue.
That’s a very reasonable multiple when you look at the fundamentals :
massive daily fees, aggressive buybacks, and clear expansion into new asset classes.
Even in conservative scenarios, the numbers suggest $HYPE looks attractively valued relative to its revenue generation and growth runway.
The market still seems to be pricing the old “just a perp DEX” narrative rather than the infrastructure it’s quietly becoming.