2026 Hyperliquid Q1 Report
Today, we're excited to release Hyperliquid's 2026 Q1 Report.
While Q1 stands as one of crypto’s most challenging quarters since 2018, Hyperliquid emerged stronger. As markets fell sharply, the protocol continued to gain traction, with HYPE returning +44.2% and entering the top 10.
More importantly, the quarter brought Hyperliquid closer to the “House of All Finance” vision, from institutional recognition through S&P Dow Jones to emerging as a price discovery venue for oil and other assets.
Enjoy the read. Some excerpts below, with the link to the full PDF.
Hyperliquid.
@NMTD8 Thank you for everything you do for the community.
The haters won’t be able to beat you. Stay strong - you’ll soon get a well-deserved reward for your hard work and convictions
You’ll be a legend.
Actually - you already are one.
$HYPE will win.
Hyperliquid.
A product born in crypto’s most fevered era is being quietly rebuilt for the US stock market - trading 24-7, with no brokers and no closing bell. Read my latest @business about the equity perps projects that are building on Hyperliquid and others https://t.co/YYjZoPMfV6
With Hyperliquid's HIP-3 and Builder Codes, it's no longer "What can Hyperliquid do for you?",
It's "What you can build for/on Hyperliquid?"
Hyperliquid
Why didn’t you record the call? You said you wanted to “include more of the Phi community.” You rescheduled the call twice, changed the time, and still didn’t record it…
And the roadmap on Notion with questions like “Any more ideas?” — are you serious? Is this a roadmap or just a survey? Do you even know what you’re trying to build?