đď¸ HyperEVM & HyperLiquid â Weekly News and Updates ( 22/04 - 05/05)
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Halo USD â New treasury-backed stablecoin project
On April 23, the Halo USD projectâspearheaded by @fiege_max, @felixprotocol, and contributors from @LiquityProtocol was unveiled in an article on X. The announcement laid out the plan to launch $HUSD : a treasury-backed stablecoin that will be available on both HyperCore and the HyperEVM. Prompted by the fact that Hyperliquid currently lacks its own tokenized dollar. Until now, HyperCore has had to rely on bridged USDC, and HyperEVM has had none at all. This forces users to assume smart-contract risk at the bridge level, accessible only via Arbitrum. Furthermore, Circleâthe issuer of USDCâdoes not share the yield generated by the roughly $2.5 billion in treasury backing that bridged supply with the Hyperliquid ecosystem, as it does with Coinbase or Binance.
=> This stablecoin is designed to serve the Hyperliquid community:
@halo_usd will distinguish itself from both established and challenger stablecoin issuers on Hyperliquid by committing to ecosystem reinvestment. Rather than retaining all of the revenue generated from trading fees and collateral yields, the lionâs share will be redistributedâvia on-chain mechanismsâto those who onboard users and liquidity to Hyperliquid.
In the coming weeks, Halo will publish additional articles detailing the implementation of $HUSD and explaining why Hyperliquid represents a unique ecosystem for stablecoin innovation.
For more information on the project and its mechanisms, please read the full article here:
https://t.co/oLeRs8RtYT
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Looped Hype - Phase 1 Airdrop
On April 23rd, the community discovered that $LOOP tokens worth $23,592.15 were purchasedâmost likely by the @Looped_HYPE team. Shortly afterward, the team announced Phase 1 of its airdrop. To qualify, you had to mint or swap $LHYPE tokens before March 9th, 2025.
You have until May 18th, 23:59 UTC to register for the airdrop here:
https://t.co/ZNu1jizzEh
Distribution will take place May 19thâ23rd. During this phase, 4% of the total $LOOP supply (1 billion tokens) will be distributed.
Token Utility: A 10% performance fee is used to buy back LOOP tokens, which are then redistributed to stakers, distributors, and builders. Staking LOOP unlocks extra looping modes and bonuses
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Felix x Morpho - partnership on HyperEVM
Felix continues its journey to become the borrowing platformâand the most secureâon HyperEVM. In the latest update, Felix has integrated @MorphoLabs (Lending and Borrowing protocol ) , deploying its smart contracts on @HyperliquidXâs HyperEVM, with front ends powered by @felixprotocol and @hyperbeat.
This deployment includes the following smart contracts:
đš Morpho Morpho Vaults 1.1
đš Morpho Oracles
đš Morpho Universal Rewards Distributor
đš AdaptiveCurveIRM
đš Morpho Public Allocator
đš Pre-liquidations
The Morpho Everywhere strategy encourages independent contributors to build on Morpho, operate under their own brands, and pursue chain-specific grants.
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HyperLend - Blockanalitica to secure and track the data
HyperLend recently announced that it has been collaborating with @BlockAnalitica (the risk team behind the $DAI/$USDS stablecoin) to strengthen its protocolâs risk management. Since its Mainnet launch on March 24, HyperLend has surpassed $170 million in total market size and onboarded over 6,000 on-chain users.
To learn more about Block Analiticaâs development process and the optimized risk-management methodology theyâve implemented on @hyperlendx, check out their detailed thread:
https://t.co/qSCPCmuWyo
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Fund - Listed on Hyperliquid Spot Market
Following its launch on @Hypurrfun, $FUND was listed on @HyperliquidX on May 1 at 17:00 UTC.
This token represents @hl_fund, which is focused on building a suite of decentralized, community-driven features to transform HL Fund into an all-in-one hub for Hyperliquid. It embodies Hyperliquidâs ethos and accelerates its growth. Key initiatives include the Decentralized Community Directory, Marketing DAO, HyperScore Reputation Protocol, Project Directory, and @FundamentalHLâthe social layer powering a truly decentralized, fair, and innovative crypto investment platform.
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HyperEVM - Mainnet activated Read Precompiles
On April 28, HyperEVM mainnet activated Read Precompilesâsmart contracts can now atomically query HyperCore state on-chain. For example This unlocks HyperCore oracle pricing for lending & DeFi protocols on HyperEVM.
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Hyperliquid - New Fee system and Staking tiers Launch
Today (May 5) at approx. 03:00 UTC, @HyperliquidX launched its new fee system and staking tiers!
Whatâs included:
- Stake $HYPE to reduce your trading feesâthe more you stake, the lower your costs.
- Separate fee schedules for perpetuals vs. spot markets.
- Spot trading volume counts double toward your fee tier, so you reach bigger discounts faster.
And, staking âď¸ trading account linking is live on testnetâstake in one account and apply those discounts to another. We expect this feature to hit mainnet shortly after todayâs fee update
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Hyperliquid - HIP 3 : Perpetual Market Listing Permissionless
Last week, the Hyperliquid team unveiled HIP-3, which will enable builders to deploy their own perpetual marketsâeffectively decentralizing perp listings on HyperCore. An MVP of this feature is already live on testnet.
I believe this could spark a major revolution in the Web3 ecosystem, both on DEXs and CEXs, over the coming months. Imagine fully permissionless deployments for any asset classâstocks, currencies, commodities, or market indicesâopening up entirely new trading opportunities.
To ensure market integrity and protect users, deployers must stake 1 million $HYPE, a requirement likely to create upward pressure on the $HYPE token.
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Neko - Private Beta UX/UI Feedback
As mentioned in last weekâs report, @neko_hlâbuilding the DeFAI gateway to Hyperliquidâhas launched a private beta. Itâs currently focused on gathering UX/UI feedback from its participants.
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LiquidLaunch - Bonding requirement changing
@LiquidLaunchHL reduced the bonding requirement to $250k market cap or 13333 $HYPE.
$HYPE required in the pool to bond is 2000 $HYPE.
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Harmonix - New Delta Neutral Vault Testnet live on HyperEVM and HyperVaults Journal
@harmonixfi has just launched its new testnet vault, haHYPEâthe very strategy I covered in last weekâs review with @felixprotocol. haHYPE is a yield-bearing token you receive when you deposit native HYPE into Harmonixâs automated vault. It currently offers 5% APY, generated by a delta-neutral strategy on HyperEVM mainnet in partnership with @felixprotocol, with yield and points sourced from HyperCore, Felix, and HyperEVM.
Harmonix also unveiled the HyperVaults Journal, a monthly writing & feedback program across all Harmonix vaults to keep you up to date.
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KittenSwap - Phase 3 sale and Airdrop
On May 1st, the third and final presale phase for $veKittenâexclusively for whitelisted users in exchange for $HYPEâwent live and sold out in just two minutes.
These presales are independent of the point-collection system for LPs on the protocol and the 6,000 veKittens allocated per MechaCat NFT at the TGE.
The @KittenswapHype team will release more details on the TGE soon, which promises to be one of the first airdrops in the HyperEVM ecosystem alongside Looped Hype.
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Ethenaâs USDe Stablecoin Now Live on Hyperliquid!
@HyperliquidX just announced a partnership with @ethena.
USDe is now live on both the @HyperliquidX exchange & HyperEVM
HyperCore users will earn daily rewards based on their rolling 24-hour average USDe balances, distributed by @merkl_xyz. Users must hold at least 100 USDe on HyperCore to qualify.
$USDe can be acquired via HyperCore orderbook.
HYENA !
Check out my previous Weekly News :
-Weekly News and Updates (07/04 - 21/04)
https://t.co/EiSpH7s3na
-Weekly News and Updates (31/03 - 06/04) https://t.co/1OyU9rmLsqâŚ
-Weekly News and Updates (24/03 -30/03) https://t.co/a9BrGPbJuLâŚ
-Weekly News and Updates (17/03 - 23/03) https://t.co/45Tbuqg8GfâŚ
-Weekly News and Updates (10/03 - 16/03) https://t.co/t4oL5ZJxmAâŚ
-Weekly News and Updates (03/03 - 09/03) https://t.co/vxz9rhSKATâŚ
đď¸ HyperEVM & HyperLiquid â Weekly News and Updates (03/03 - 09/03)
Monday:
03/03
1ď¸âŁ Liquina IP â APP Launch:
The @LiquinaHL App has officially launched : https://t.co/cytXOHDpCD
Along with this, they launched the LQnians Whitelist FCFS Minting (HyperEVM), which started on March 7, 2025, at 16:00 UTC and will run until March 8, 2025, at 16:00 UTC. The minting is exclusively available to the top 200 holders (snapshot taken on February 18, 2025) of $PURR, $HFUN, $PIP, $CATBAL, and $YEETI.
For more details on upcoming developments (Like LQNA staking or Liquina Fi) and the app launch:
đ https://t.co/kV0CHLoHzr
2ď¸âŁ LoopedHype â is live and Deposits Open (Cap 1):
Looped Hype has opened its first deposit phase (Cap 1) with a limit of $5 million.
đš Early adopters who register as Whitelisted Wallets will earn a share of 4% of the token supply for Cap 1 only.
đStake Here: https://t.co/PScST5QWPp
|
đ Whitelist Registration: https://t.co/81DRpQx9F3
LHYPE is the first Liquid Looping Token: Deposit HYPE to receive $LHYPE, which represents your staked $HYPE (stHYPE) plus all associated network rewards, MEV, airdrops, and yield from AutoLoop, LoopedHypeâs automated looping engine.
The looping strategy is fully automated via AutoLoop, which dynamically adjusts leverage (3xâ15x) based on real-time staking APYs and borrowing costs. AutoLoop continuously monitors conditions, adjusting leverage if loan-to-value (LTV) ratios exceed safe thresholds or increasing leverage when APYs outpace borrowing rates.
Your stHYPE is looped through partner lending protocols like @hypurrfi and soon @hyperlendx and @felixprotocol.
@Looped_HYPE is launched by founding members @StakingRewards & @nucleusearn. The project is designed to be fully community-owned, with 90% of the token supply distributed among ecosystem participants and depositors.
3ď¸âŁ LiquidLoot Marketplace & Launchpad for NFTs â Airdrop Details:
50% of the initial supply of $LOOT token for the LiquidLoot Marketplace airdrop is reserved for Hypio holders.
@LootLiquid purchased the ticker Loot last week on the Hyperliquid for $87,147.75
Tuesday:
04/03
1ď¸âŁ Kittenswap â New Liquidity Pools:
Kittenswap has launched three new liquidity pools this week:
đĽ KEI/HYPE
đĽ LHYPE/HYPE
đĽ BUDDY/HYPE
2ď¸âŁ Hyperliquid Foundation â Permissionless Validators & Delegation Program:
The Hyperliquid Foundation announced that the mainnet validator set will become fully permissionless after the next network upgrade. As on testnet, the top N validators by stake will form the active set. Initially, N = 20 and will gradually increase over time.
The Delegation Program is now live, designed to enhance network security, decentralization, and support validators committed to the growth of the Hyperliquid ecosystem.
đMore Information: https://t.co/cyhaNKagpQ
3ď¸âŁ Charlie.hl â The Need for a Native Stablecoin on HyperEVM:
@0xBroze published an insightful article highlighting the key obstacle to HyperEVM DeFi growth: the absence of a native USDC or another stablecoin.
In his analysis, he outlines three potential solutions:
đš Operate with Bridged USDC
đš Incentivize Circle to Deploy Natively
đš Develop a Hyperliquid-Native Stablecoin
đ More Information: https://t.co/YoIujiZoz4
Wednesday:
03/05
1ď¸âŁ Kittenswap â MechaCats NFT Snapshot & Benefits:
The points snapshot for MechaCats NFT has been taken! The collection will be launched on @drip__trade.
đĄ Why Get In?
đ˘ Contributes directly to TGE â you'll receive veKITTEN as part of our raise.
đ 1.25x multiplier on points for MechaCats NFT holders!
𧢠Cap per Wallet: 4.
2ď¸âŁ HypurrCo Validator â Stake Your HYPE via stHype:
It is now possible to select the nansen_ai x @hypurr_co validator when staking your HYPE in stHype.
Stake here: https://t.co/xCVz0pw1E2
Reference: https://t.co/6BAikLnkT2
3ď¸âŁ hyperpieces â Upcoming Snapshot & WLs:
A snapshot for @HyperFrogsNFT and @HypersOnHL will be taken soon. Holders of these projects, along with @HypioHL and @tinyhypercats, will receive FCFS free mint spots and guaranteed whitelist allocations. All supply distribution details will be revealed soon @hyperpieces.
4ď¸âŁ Laminar â Community-Owned Liquidity Engine Launch:
@laminar_xyz has launched as a community-owned liquidity engine and atomic multi-market router for HyperEVM. They aim to provide canonical DEX infrastructure by making Hyperliquid orderbooks atomically accessible to LPs, users, and protocols on HyperEVM. Their CLMM (Concentrated Liquidity Market Makers) core is forked from Uni V3 and is soft launching with a pre-seeded stHYPE/HYPE pair. More features and tokens are on the way.
5ď¸âŁ Hyperfly â AI-Powered News Retrieval:
@hyperflyai now integrates AI-powered news retrieval! You can ask the AI to fetch and analyze news directlyâget summaries of the most impactful events from the last days, weeks, or more, including the latest Hyperfly updates, all in a single prompt.
More information: https://t.co/QpxzLhXXTy
Thursday:
03/06
1ď¸âŁ Developer Utilizes HyperlauncherAI's HL Coder for Health & Fitness App:
@thekusama1 recently built a health and fitness application using @HyperlauncherAI's HL Coder. In just a few hours and approximately 11 prompts, he developed an app that integrates features from platforms like Strong, MyFitnessPal, and Garmin, aiming to streamline meal and workout tracking. His goal is to simplify the process of monitoring meal macros and consolidating diet and workout logs into a single platform.
2ď¸âŁ Hedgewater DAO â New Collaboration Manager Announcement:
@TheBraunii has been appointed as the new Collaboration Manager for @HedgewaterDAO. Previously a Community Manager and Collaboration Manager for Alpha Caller, TheBraunii has already announced in the DAO's Telegram that heâs securing whitelists (WLs) from major and mid-sized projects. This Monday, he plans to open FCFS (First Come, First Served) spots, giving everyone a chance to participate with $HWTR.
đŹ "I recommend keeping some $HWTR in your wallets. You wonât need a lot, just a few. đ"
3ď¸âŁ Hedgewater Associates - HyperEVM Progress Report and Upcoming Projects:
HedgewaterDAO has published a report in collaboration with @sumfxn, reviewing HyperEVM's progress since its launch on February 19, 2025.
With Live Functionality like HYPE transfers, gas payments, L1 Sync Integration and DeFi primitives like DEXs, lending platforms, liquid staking who are already live.
And Upcoming projects with new players and emerging builders are set to join the ecosystem including felixprotocol, hyperlendx, and @silhouette_ex.
More information: https://t.co/3URda27IUI
4ď¸âŁ Kittenswap â Airdrop Modification:
@KittenswapHype has announced adjustments to their tokenomics: the airdrop allocation has been increased from 20% to 30%.
5ď¸âŁ Hana Network Introduces Fiat On/Off Ramp on Hyperliquid:
Hana Network, a Hypercasual Finance platform incubated by @BinanceLabs, is enhancing the Hyperliquid ecosystem by introducing fiat on/off ramp capabilities. In partnership with @kado_money, @HanaNetwork enables users to perform transactions using Apple Pay and debit cards, as well as peer-to-peer (P2P) on/off ramp services, eliminating the need for centralized exchanges (CEX). Kado's solutions can be seamlessly integrated into decentralized applications (dApps) via their API and are available in over 150 countries. Already operational on Arbitrum, these services are set to launch soon on HyperEVM, positioning Hyperliquid as an Onchain-Binance.
More information: https://t.co/RJrywl60Nt
Friday:
03/07
1ď¸âŁ Kittenswap â Updated Points Formula and Whitelist Page:
Kittenswap has updated its points system: each liquidity pool now has a fixed number of points distributed to liquidity providers, which boosts points for smaller pools. Theyâve also updated their points page on the website, allowing users to check if theyâve made the whitelist.
2ď¸âŁ Kittenswap â MechaCats NFT New Conditions:
In response to community feedback, Kittenswap has increased the supply and reduced the mint price for MechaCats NFTs to help smaller kittens participate.
New Whitelist Price: 0.8 $HYPE, 2500 NFTs (previously 4 HYPE, 500 NFTs)
New Public Price: 1.2 $HYPE, 2500 NFTs (previously 6 HYPE, 500 NFTs)
3ď¸âŁ Staked HYPE â Early Stats Published:
@stakedhype has published some early stats:
2,833 organic holders
1M stHYPE minted
3 integrated DeFi protocols
6 community code partners (2 are live)
A best-in-class AMM coming soon.
4ď¸âŁ HYPE â Binance Listing Application Form:
Following the new community co-governance mechanism for Binance listings, @kirbyongeo shared links to apply for HYPEâs listing on Binance:
Link: https://t.co/XD7Evjb4ik
5ď¸âŁ Plume Coming on HyperLiquid?
@HyperliquidNews revealed that the $PLUME ticker was bought for $47,267.16. Based on on-chain analysis, this appears to be related to @plumenetwork.
6ď¸âŁ Advisory Role for Oily NFT Collection:
@PowerPasheur and @0xxbeaconL have teamed up to advise the @OilyOnHL collection. Oily has been minting for several weeks on OpenSea. Initially drawn to the artwork, the advisors reached out to understand why it hadn't sold out despite the exceptional art and lore.
The mint ended 30 minutes after the post announcing their collaboration with the collection was published.
Minted on OpenSea
Ultra limited supply: 999
Mint price: 0.02 ETH
7ď¸âŁ LiquidLoot â Launchpad Applications Open: Applications for LootLiquid Launchpad are now open:
Apply Here : https://t.co/y3ZugaOI7J
8ď¸âŁ HypurrFi â DOUBLE POINTS Week:
Earn double HypurrFi Points (HP) this week (March 7-14, 2025) when depositing HYPE on @HypurrFi . Early users tend to earn the most points.
Saturday:
03/08
1ď¸âŁ Delphi Digital Publication on HyperEVM and Hyperliquid:
@Delphi_Digital published a thread about HyperEVM and Hyperliquid, discussing the potential for DeFi apps to access liquidity, achieve near-instant finality, and integrate spot and perpetual order books within a unified ecosystem. This is all made possible on Hyperliquid.
Read more: https://t.co/ROBIvVCCcj
2ď¸âŁ Neko Project New Information:
@neko_hl has released new information about their project, marking their debut as the first DeFAI Swarm on Hyperliquid. They just launched their landing page with detailed insights.
Read more: https://t.co/0iqhFzSUQd
3ď¸âŁ HyperFly â Expanding Access Again:
The threshold to access HyperFly and join the public beta is now set at 1 $FLY after having been fixed at 1.5M on Monday, March 3.
4ď¸âŁ HyperEVM Data on Defillama:
Defillama has started tracking new apps from HyperEVM such as Looped_HYPE, Kittenswap, HypurrFi, and @HyperSwapX . This highlights the growing ecosystem on HyperEVM.
hyperliquid is making HIP-1s programmable at the balance level
this unlocks:
> dividends
> stock splits
> rebasing
> airdrops
all handled directly on hypercore, so no claiming required by users
all eyes on spot equities!
To make it in crypto 5 years ago:
You could almost long anything without asking questions.
To make it in crypto today:
You almost need to short 95% to 99% of everything.
The game changed. Adapt or get wiped out. đ
And last but certainly not least: #Bitcoin.
The ultimate alternative to the traditional banking systemâgiving us total control over our transactions and financial sovereignty to store our hard-earned value. đ
People are still searching for #crypto's "killer app".
We already have them:
⢠Stablecoins (#Tether & #Circle)
⢠DeFi (#Morpho, #Hyperliquid)
⢠Prediction Markets (#Polymarket)
Stop waiting for the future. The infrastructure is already running. âď¸
Nobody is talking about it anymore.
Nobody is paying attention.
And thatâs exactly why you should be watching.
Gold and silver are almost back in accumulation territory.
The best opportunities are always built while the market is asleep. đ¤Ť
Harmonix treasury has acquired our first 2 Hypurr.
All upcoming airdrops will be distributed to Harmonix holders. We also welcome Hypurr holders, with a points boost for everyone.
More details to follow. Hyperliquid!
đ L'or explose Ă 3800$/once...
+45% depuis le dĂŠbut de l'annĂŠe.
Les investisseurs fuient signe de la perte de confiance totale envers le dollar.
Tout le monde se prĂŠpare Ă ce que Trump imprime des milliards de dollars.
Ce ne sera plus long maintenant...
L'or Ă 3 800$ n'est pas un simple rally spĂŠculatif - c'est un rĂŠfĂŠrendum mondial sur la crĂŠdibilitĂŠ du dollar amĂŠricain.
Jeff at Token2049 on Hyperliquid:
- We started Hyperliquid because we saw that trading was opaque and had a lot of issues. We just tried to solve that problem. Somewhere along the line that evolved into housing all of finance
- Hyperliquid is all about self organising, coming together and building amazing things
- The social co-ordination that crypto unlocks is very underrated. Hypelriquid is a great example of this
- Hyperliquid has show that the important pillars of finance can be built by the community - not a single group.
- We can prove the haters wrong by stepping up and building.
- We are not going to build all of finance if itâs just a few handpicked projects. The core value is that you can come and prove yourself.
- There are a lot of eyes on Hyperliquid - you are the team, enjoy the spotlight!
- Know that it is not always going to be easy - there will be people that try to take it down and destroy it
Thank you to the community for coming out to support us.
Hypelriquid.
$HYPE
Tom Lee literally top blasted top of a 4 year range delivering unprecedented amounts of exit liquidity to crypto natives including ETH foundation and ETH cofounders. Similar to Celsius in 21/22
Not surprising that a boomer would back a boomer zombie tech asset