Hyperliquid has quietly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for side by side comparison of BTC perps on Binance (left) and Hyperliquid (right).
With HIP-3 teams leading the way, Hyperliquid has also grown to become the most liquid venue for perps on tradfi assets. Thank you to everyone's hard work as we upgrade the financial system and house all of finance.
Integrity has always been one of Hyperliquid's core values.
The house of all finance must be credibly neutral. This means no private investors, no market maker deals, and no protocol fees to any company.
The initial state of any blockchain is a crucial part of its story that can never be erased. The original ethos of Bitcoin was a permissionless network accessible to all. Hyperliquid's genesis distribution followed this spirit, going entirely to early users with core contributors excluded. The full distribution is verifiable onchain without obfuscation.
This principle of fairness frustrates a few users and builders who are used to special treatment. It means that Labs has zero tolerance for team members with integrity yellow flags. It means we do things the hard way as a community. But the world deserves a financial system owned by the people, where fairness to all users is in the DNA. Nothing else is worth building.
Hyperliquid represents a groundbreaking shift for DeFi and is the biggest opportunity since Bitcoin and Ethereum. Hyperbeat's unrelenting purpose is to scale the house of all of finance through a Hyperliquid native Liquid Bank to rival CEX equivalents. One decentralized application seamlessly integrating yield, swap, credit, on/off ramps, staking, and spend. Powered exclusively by Hyperliquid.
The thesis to house these essential components of finance onchain was initially controversial. Today, users choose Hyperbeat as the home of many of the largest and most performant Hyperliquid-native DeFi solutions. From institutional-grade liquidity primitives for earn, swap, credit, and stake to future spend features powered by Liquid Banking, custom HIP-3 primitives, and more.
The journey to build a Hyperliquid-native Liquid Bank rivaling CEX equivalents is far from over. The next step is the launch of the Hyperbeat Foundation, dedicated entirely to furthering both Hyperbeat and Hyperliquid to house of all finance.
Any address with Hearts and/or holding a Hypurr NFT as of the 12th November, 2025, 15:22 UTC is encouraged to thoughtfully review and sign the Hyperbeat Foundation Terms of Use before December 5th, 2025 at 12:00 UTC at https://t.co/cNuCcylQow.
Further details will be shared after the closure of the Hyperbeat Foundation Terms of Use.