Hyperliquid (HYPE) — Onchain News & Whale Tracking

International Oil Price Surges, Crude Oil Contract 24-hour Trading Volume on Hyperliquid Ranks Third

As of March 9th, HyperInsight monitoring (via their Telegram channel: https://t.me/HyperInsight) shows that in the past 24 hours, crude oil contract trading volume on Hyperliquid (https://app.hyperliquid.xyz/join/NTOD) exceeded $385 million—ranking only behind BTC and ETH—with total contract open interest at $169 million. Additionally, the PAXG gold token contract (linked to gold-backed mapping contracts) recorded 24-hour trading volume of $74.07 million and total open interest of $257.7 million. The SILVER silver mapping contract saw 24-hour trading volume of $204.7 million and open interest of $127 million.

The crude oil trading pair on Hyperliquid is experiencing a significant premium compared to the traditional market, with investors betting on a sharp surge in the traditional market's opening on Monday.

March 8th — Per Bitget market data, as of the close of traditional markets on March 6th, Brent crude traded at $93.04, while WTI crude stood at $90.90. However, driven by weekend news of production cuts from Middle Eastern oil-producing nations, corresponding contracts on Hyperliquid have posted a notable premium. Currently, Brent crude on the platform is priced at $97.47, and WTI crude at $95.83. A similar dynamic played out last weekend, too. On February 28th, amid full-scale escalation of the U.S.-Iran conflict, on-chain gold tokens like PAXG and XAUT surged sharply—capitalizing on the black swan event while traditional markets were closed. BlockBeats advises users that related assets may see drastic price swings due to force majeure, and investors should exercise caution.

「Hyperliquid Early Contributor Loracle」 Shorting Oil on High Leverage, Long on NVDA and PAXG

On March 8, blockchain analytics firm LookOnChain reports that Loracle—an early contributor to Hyperliquid—is currently shorting oil. The trader has opened a 2x leveraged short position of 69,924 xyz:CL tokens (valued at roughly $6.7 million) while simultaneously going long on NVDA and PAXG.

MakerDAO Founder Address Deposits 4 Million U into HyperLiquid to Long Crude Oil

March 7 — Per Onchain Lens monitoring, a wallet linked to MakerDAO founder Rune Christensen has deposited 4 million USDC into HyperLiquid and opened long positions in CL (20x leverage) and BRENTOIL (7x leverage) on trade.xyz.

A whale has deposited 2.18M U into HyperLiquid to short ETH with 10x leverage

On March 7th, Onchain Lens monitoring reveals that whale address "0x218A" deposited 2.18 million USDC into HyperLiquid and opened a 10x-leveraged short position on ETH. The whale has previously netted over $11.8 million in trading profits.

South Korea ETF Closing Plunge to $125.7, Hyperliquid Premium on the Futures Contract has surpassed 4.4% during the trading halt

March 6 – Per HyperInsight data, the iShares South Korea ETF (EWY) closed down 6.42% today at $125.74. Meanwhile, during the U.S. stock market’s closure, cash:EWY on the Hyperliquid platform continued to rebound, currently trading at $131.1 — a premium of over 4.4% to the ETF’s closing price. Less than one hour remains until U.S. stock pre-market trading starts. Typically, elevated contract premiums gradually converge to spot prices once the market opens.

Hyperliquid Surpasses $1 Billion in Total Revenue

March 6th, DefiLlama data shows Hyperliquid’s total revenue has exceeded $1 billion, hitting $1.027 billion. February’s revenue stood at $62.06 million, a 9.8% month-over-month decline, with an average daily revenue of roughly $2.21 million that month.

The HIP-3 market trading volume on Hyperliquid has reached 30% of the total, with WTI crude oil trading volume surging by 140% in recent days

**March 6: Hyperliquid HIP-3 RWA Markets Reach $2.2B Daily Volume** Per HyperInsight monitoring (https://t.me/HyperInsight), total daily trading volume across all HIP-3 markets on Hyperliquid hit $2.2 billion on March 6—making up 30.1% of the platform’s total daily volume of $7.34 billion. This signals growing demand and activity for on-chain trading of traditional assets like U.S. stocks, gold, and oil, with the SILVER (Silver Mapping Contract) currently leading traditional asset trading volume. Recently, the contract with the biggest volume surge on Hyperliquid (https://app.hyperliquid.xyz/join/NTOD) is xyz:CL (WTI Crude Oil Mapping Contract). The pair’s daily volume topped $1 billion on March 3 and set a new record of $2.42 billion in the past 24 hours—up 140% from its prior period. It now ranks sixth on the platform’s trading leaderboard, with concurrent open interest (OI) at $66.06 million. Note: HIP-3 focuses on Real-World Asset (RWA) mapping contracts.

Hyperliquid's BTC Long Position #1 was liquidated with a settlement price of only $729, with a position value of $52 million.

On March 6th, on-chain analyst Ai Auntie (@ai_9684xtpa) noted that the largest Bitcoin (BTC) long position on Hyperliquid was just $729 away from its liquidation price. The position holds 731.73 BTC, uses 40x leverage, has a value of $52 million, entered at $71,441, and carries a liquidation price of $70,200.

Mainstream Perp DEX Overview: Hyperliquid Sees Surge in Trading Activity, Trading Volume Surpasses $10 Billion Milestone

**March 5th (via DefiLlama Data)** Mainstream perpetual futures DEXs (Perp DEXs) have posted a sharp overall jump in trading volume, with open interest (OI) also steadying higher again. Hyperliquid remains the top-ranked platform, while Aster, EdgeX, and Lighter have seen accelerated volume growth. Leverage capital is flowing back into the space. Current top Perp DEX metrics (24h trading volume | TVL | OI): - **Hyperliquid**: ~$103.7B | ~$43.5B | ~$58.8B [Join: https://app.hyperliquid.xyz/join/NTOD] - **Aster**: ~$39.3B | ~$10.1B | ~$20.1B [Referral: https://www.asterdex.com/zh-CN/referral/aboter] - **Lighter**: ~$31.1B | ~$8.14B | ~$7.49B [Referral: https://app.lighter.xyz/?referral=70045843] - **EdgeX**: ~$28.0B | ~$1.80B | ~$10.8B - **Grvt**: ~$18.5B | ~$95.91M | ~$4.94B - **Pacifica**: ~$4.59B | ~$36.12M | ~$68.00M [Referral: https://app.pacifica.fi/?referral=pacbot] ### Notes on American English adaptation: 1. **Conciseness**: Used `~` (inst

Hyperliquid HIP-3 Daily Transaction Count Reaches All-Time High on March 3

March 5th update: Per ASXN data, daily transactions across all HIP-3 markets on HyperliquidX surged to 3.4 million on March 3, 2026—marking a new all-time high.

ETH Max Long Position on Hyperliquid Sees Total Unrealized Gains of Over $19 Million

**March 5th Crypto Alert** Per data from Ashes Monitoring, the account holding the largest ETH long position on Hyperliquid added to its BTC long two days ago (March 3rd) at an average entry of $68,178, boosting its total BTC position to $47.41M. The BTC holding now has an unrealized gain of $3.1M. The account also holds a 120k ETH long position with an unrealized gain of $16.2M, pushing its **aggregate unrealized gains across all positions to $19.3M**. ### Notes on American English adaptation: 1. **Conciseness**: Used "Alert" (common for crypto news alerts), "M" (abbreviation for "million" widely used in U.S. finance), and simplified phrases (e.g., "two days ago" instead of "the day before yesterday" for clarity). 2. **Flow**: Structured to lead with key action (account + position update) before supporting details, matching U.S. media’s preference for "who-what-when-where" brevity. 3. **Precision**: Added "(March 3rd)" to avoid ambiguity (critical for time-sensitive crypt

Mainstream Perp DEX Overview: Hyperliquid Trading Volume Rebounds to $9.6 Billion, Up 37% WoW

**Perp DEX Trading Volume Update (March 4th, DefiLlama Data)** Data from DefiLlama shows a sharp surge in trading activity on Hyperliquid—one of the top perpetual futures DEXs (Perp DEXs). Over the past 24 hours, its trading volume hit nearly $9.6 billion, marking a 37% week-over-week increase, while open interest failed to rise correspondingly. Other mainstream Perp DEXs saw minor fluctuations, with some reporting slight volume declines. Below is the latest 24-hour trading volume ranking: - **Hyperliquid**: ~$9.63B trading volume; ~$4.32B TVL; ~$5.62B open interest - **Aster**: ~$2.71B trading volume; ~$1.01B TVL; ~$1.81B open interest - **Lighter**: ~$2.35B trading volume; ~$850M TVL; ~$666M open interest - **EdgeX**: ~$1.91B trading volume; ~$179M TVL; ~$1.01B open interest - **Grvt**: ~$1.68B trading volume; ~$93.98M TVL; ~$431M open interest - **Pacifica**: ~$371M trading volume; ~$36.09M TVL; ~$66.64M open interest *Note: Links to platforms (per original co

Mainstream Perp DEX Overview: Hyperliquid's 24h Trading Volume Surges by 58%, Reaching $8.7B

March 3rd — Per DefiLlama data, major perpetual futures DEXes showed the following trends over the past 24 hours: Hyperliquid’s trading volume surged 58% from the prior day to ~$8.7 billion, with open interest (OI) also edging up. Other platforms reported largely stable volumes with minor fluctuations. Below is the latest 24-hour trading volume, total value locked (TVL), and OI for top Perp DEXes: - **Hyperliquid**: ~$8.72B volume | ~$4.28B TVL | ~$5.79B OI [Link: https://app.hyperliquid.xyz/join/NTOD] - **Aster**: ~$3.20B volume | ~$1.03B TVL | ~$1.85B OI [Link: https://www.asterdex.com/en/referral/aboter] - **Lighter**: ~$2.34B volume | ~$850M TVL | ~$712M OI [Link: https://app.lighter.xyz/?referral=70045843] - **EdgeX**: ~$2.28B volume | ~$177M TVL | ~$1.04B OI - **Grvt**: ~$1.47B volume | ~$96.01M TVL | ~$411M OI - **Pacifica**: ~$381M volume | ~$36.13M TVL | ~$64.88M OI [Link: https://app.pacifica.fi/?referral=pacbot]

WTI Crude Oil Daily Trading Volume on Hyperliquid Surpasses $100 Million, with Cryptocurrency Contracts Accounting for Only Four of the Top Ten

Hyperliquid sees largest ETH long go long on BTC, total position now worth $277 million

March 3 (Ashes Monitoring) — When ETH’s price neared the $2,000 entry cost of Hyperliquid’s largest ETH bull leader, he added a BTC long position while holding 120,000 ETH. Today, he opened a 550-BTC long position at $68,267 per BTC, totaling $37.45 million. He now holds 120,000 ETH and 550 BTC long positions, with a total position value of up to $277 million.

Mainstream Perp DEX Overview: Minimal changes in platform data, with Hyperliquid trading volume fluctuating around $5 billion

**March 2: DefiLlama Data – Mainstream Perp DEXs See Modest 24-Hour Fluctuations** Perpetual DEX (Perp DEX) metrics across major platforms showed minimal shifts in the past 24 hours, per DefiLlama. Hyperliquid’s trading volume and Total Value Locked (TVL) hovered around key levels, while Aster posted a sharp volume surge to claim the #2 rank. Below is the top Perp DEX ranking by 24-hour trading volume: - **Hyperliquid** [https://app.hyperliquid.xyz/join/NTOD]: ~$51.2B volume | ~$42.5B TVL | ~$54.7B Open Interest (OI) - **Aster** [https://www.asterdex.com/en/referral/aboter]: ~$30.6B volume | ~$10.2B TVL | ~$17.8B OI - **Lighter** [https://app.lighter.xyz/?referral=70045843]: ~$25.9B volume | ~$8.65B TVL | ~$7.23B OI - **EdgeX**: ~$21.9B volume | ~$1.78B TVL | ~$10.1B OI - **Apex**: ~$12.5B volume | ~$38.28M TVL | ~$1.08B OI - **Pacifica** [https://app.pacifica.fi/?referral=pacbot]: ~$2.11B volume | ~$36.30M TVL | ~$63.67M OI ### Notes on American English Adaptatio

BTC's Top Whale Position on Hyperliquid Places Bearish Bet as Bitcoin Drops to $55,000

On-chain analyst Ai Auntie (@ai_9684xtpa) noted on March 2nd that user folhas99 has held a 40x leveraged BTC short position since February 28th—when the market was trending downward. Currently holding 750 BTC (valued at ~$49.63 million), this is the top BTC position on Hyperliquid. Key details: - Entry price: $64,534 - Liquidation price: $70,730 - Unrealized loss to date: $1.187 million The user has set a limit sell order at $55,000, targeting profit if BTC drops another ~$11,000.

War Time Validation: Hyperliquid is the go-to safe haven during crises, with 24/7 non-stop trading as its major advantage

**March 2: Hyperliquid Emerges as Key Hedging Venue Amid U.S.-Iran Tensions** As U.S.-Iran tensions escalated and traditional financial markets closed for the weekend, crypto derivatives platform Hyperliquid became the top spot for investors to hedge commodity risks. Bloomberg reports that around the Feb. 28 conflict outbreak, a wave of crypto traders flocked to Hyperliquid to trade perpetual contracts tied to crude oil, gold and other assets—aiming to shield against geopolitical shocks. Unlike traditional contracts, perpetuals have no expiration and support 24/7 trading, making them the only real-time hedging tool available while mainstream markets were shut. Prior to this, Avi Felman, a senior executive at an investment firm, predicted Hyperliquid would be "indispensable to fund managers thanks to its nonstop 24/7 trading." That forecast held during the Middle East crisis: when global commodity and forex markets were closed, the crypto futures market stepped in to handle pri

Hyperliquid's February Revenue Surpasses $62 Million, Marking a 9.8% Decrease Month-on-Month

On March 1, data from DefiLlama indicates Hyperliquid’s February revenue totaled $62.06 million, representing a 9.8% drop from January’s $68.79 million.

Mainstream Perp DEX Overview: Trading Volumes Dip Across Platforms, Hyperliquid Volume Down by Around 15.5%

As of February 27th, data from DefiLlama reveals that trading volumes across major perpetual futures DEXes (Perp DEXes) have posted a notable drop over the past 24 hours. Hyperliquid’s volume is down roughly 15.5% from the prior day, while Aster holds steady with a relatively high standing, securing the second position. The current ranking of top Perp DEXes by 24-hour trading volume is below: - Hyperliquid (https://app.hyperliquid.xyz/join/NTOD): 24h volume ~$60.3B; TVL ~$42.4B; open interest ~$54.8B - Aster (https://www.asterdex.com/en-US/referral/aboter): 24h volume ~$24.6B; TVL ~$10.6B; open interest ~$18.7B - EdgeX: 24h volume ~$22.7B; TVL ~$1.82B; open interest ~$1.04B - Lighter (https://app.lighter.xyz/?referral=70045843): 24h volume ~$20.8B; TVL ~$8.7B; open interest ~$7.12B - Grvt: 24h volume ~$12.7B; TVL ~$95.76M; open interest ~$4.08B - Pacifica (https://app.pacifica.fi/?referral=pacbot): 24h volume ~$7.18B; TVL ~$36.23M; open interest ~$61.60M (Note: "~" deno

Mainstream Perp DEX Overview: Trading Volume and Open Interest have seen a significant rebound across all platforms, with Hyperliquid's Open Interest seeing a slight increase for the fourth consecutive day

Date: February 26 Perpetual DEX (Perp DEX) Metrics Update (DefiLlama Data) Mainstream Perp DEXs posted **sharp gains** in both 24-hour trading volume and Total Value Locked (TVL) over the past day. Aster saw a larger surge and now ranks 2nd by trading volume, while Hyperliquid’s volume topped $71.0 billion. Hyperliquid’s open interest has also edged up slightly over the past four days. Below is the current ranking of major Perp DEXs by 24-hour trading volume: 1. **Hyperliquid** - 24h Volume: ~$71.0b - TVL: ~$42.3b - Open Interest: ~$57.5b - Link: [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD) 2. **Aster** - 24h Volume: ~$38.2b - TVL: ~$10.6b - Open Interest: ~$18.9b - Link: [Aster](https://www.asterdex.com/en-US/referral/aboter) 3. **Lighter** - 24h Volume: ~$37.7b - TVL: ~$8.8b - Open Interest: ~$7.77b - Link: [Lighter](https://app.lighter.xyz/?referral=70045843) 4. **EdgeX** - 24h Volume: ~$35.

Hyperliquid's largest ETH long position's unrealized loss has narrowed to $10.35 million, with a position value of $230 million

Feb 25th — Hyperliquid’s largest ETH long position holder added another 15,000 ETH to its position this morning, per EmberCN monitoring. The entity now holds a total of 120,000 ETH in long positions, with a combined value of $230 million. Its unrealized loss has narrowed to $10.35 million. Breakdown of the two addresses: - Address 1: Holds 70,000 ETH in long positions opened at $1991, with a liquidation price of $1362. - Address 2: Holds 50,000 ETH in long positions opened at $2012, with a liquidation price of $1350.

Mainstream Perp DEX Overview: Aster Trading Volume Sees Significant Decline, Hyperliquid Volume Stable

As of February 25, DefiLlama data shows most mainstream perpetual DEX (Perp DEX) trading volumes have rebounded—with Aster’s volume slumping sharply to 4th place, Lighter moving to 2nd, and Hyperliquid retaining the top spot. Hyperliquid’s open interest ticked slightly higher, while its trading volume stayed stable to hold the lead. Below is the current Perp DEX volume ranking: 1. Hyperliquid (https://app.hyperliquid.xyz/join/NTOD) 24h Volume: ~$6.37B | TVL: ~$4.20B | Open Interest: ~$5.49B 2. Lighter (https://app.lighter.xyz/?referral=70045843) 24h Volume: ~$3.13B | TVL: ~$0.92B | Open Interest: ~$0.714B 3. EdgeX 24h Volume: ~$2.39B | TVL: ~$0.183B | Open Interest: ~$0.994B 4. Aster (https://www.asterdex.com/zh-CN/referral/aboter) 24h Volume: ~$2.34B | TVL: ~$1.06B | Open Interest: ~$1.79B 5. Variational 24h Volume: ~$1.21B | TVL: ~$0.107B | Open Interest: ~$0.681B 6. Pacifica (https://app.pacifica.fi/?referral=pacbot) 24h Volume: ~$0

Hyperliquid's largest single liquidation event of a whale shorting $14.7 million has now reversed long to chase the price up

February 25 – Per data from Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), a whale address (0x93) that opened a BTC short position at 6 PM ET last night was hit with two consecutive large liquidations at 9 AM ET this morning, triggered by a short-term surge in BTC prices. Total liquidated volume reached 225 BTC, equivalent to roughly $14.7 million. Notably, one single liquidation was nearly $13 million—marking the largest single liquidation on Hyperliquid that day. Subsequently, the whale reversed its position, opening a 40x leveraged long position with remaining funds. The position is valued at $11.48 million, with an average entry price of $65,500, as the whale shifted to chasing the ongoing price rally.

「Buddy」 once again deposits 245,000 USDC into Hyperliquid

February 24 – Per LookOnChain monitoring data, Huang Licheng, widely known as "Brother Ma Ji," has again deposited 245,000 USDC into his account address on Hyperliquid (link: https://app.hyperliquid.xyz/join/NTOD).

Mainstream Perp DEX Overview: Recently, trading volumes on various platforms have seen a slight increase, with Hyperliquid maintaining the top spot in trading volume

**Perp DEX Trading Volume Sees Slight Rebound (Feb 24, DefiLlama Data)** Data from DefiLlama shows that trading volumes across major perpetual futures decentralized exchanges (Perp DEXs) posted a minor rebound on February 24, while open interest and total value locked (TVL) held steady with only minimal fluctuations. Hyperliquid maintains the top spot in trading volume, with Aster ranking second. Key metrics for leading Perp DEXs are below: - **Hyperliquid** ([https://app.hyperliquid.xyz/join/NTOD](https://app.hyperliquid.xyz/join/NTOD)): 24h volume ~$65.7B | TVL ~$42.1B | Open interest ~$52.6B - **Aster** ([https://www.asterdex.com/zh-CN/referral/aboter](https://www.asterdex.com/zh-CN/referral/aboter)): 24h volume ~$32.4B | TVL ~$10.4B | Open interest ~$18B - **EdgeX**: 24h volume ~$29B | TVL ~$1.83B | Open interest ~$9.75B - **Lighter** ([https://app.lighter.xyz/?referral=70045843](https://app.lighter.xyz/?referral=70045843)): 24h volume ~$28.3B | TV

A whale has deposited 7.35 million U into Hyperliquid to go long on Nvidia and SanDisk

On February 24th, LookOnChain monitoring data shows that whale wallet 0xcd6b deposited 7.35 million USDC into Hyperliquid to take long positions on NVDA and SNDK stocks. Currently, their holdings include a long position of 61,951 xyz:NVDA shares (valued at $11.94 million) and a long position of 2,920 xyz:SNDK shares (valued at $2 million). Additionally, there’s an open limit buy order for 40,778 xyz:NVDA shares (worth $4.53 million) awaiting execution.

A new address deposited 1.5 million U to open a 25x ETH long position on Hyperliquid.

Feb 23 — Per LookOnChain data, a new address deposited 1.5M USDC into Hyperliquid 5 hours ago. It subsequently opened a 25x leveraged long position on 15,103 ETH (valued at $29M), with a liquidation price of $1,819.60.

A whale deposited 2 million USDC into Hyperliquid to leverage up a SOL long position

On February 23, Onchain Lens monitoring revealed a whale deposited 2 million USDC into Hyperliquid and boosted its 20x-leveraged SOL long position—with open orders currently in place to expand the position further. The whale also holds an $11.14 million 20x-leveraged ETH long position.

A whale has deposited 5 million U into Hyperliquid to short gold with 4x leverage and silver with 3x leverage.

On February 21st, Onchain Lens monitoring data shows whale address 0xaCB deposited $5 million USDC into HyperLiquid, expanded its 4x-leveraged GOLD short position, and opened a new 3x-leveraged SILVER short position. Current holdings are as follows: - 2,978.17 GOLD (worth $15.21 million) - 97,085.91 SILVER (worth $8.22 million)

Polymarket, Hyperliquid, and Others Make the 2026 Forbes Fintech 50

On February 20, 2026, Forbes unveiled its 11th annual Fintech 50 list, forecasting that crypto market platforms Polymarket (which has raised $2.3 billion), Securitize ($425 million), Phantom ($2.68 billion), Ledn ($1.07 billion), and Hyperliquid (no funding raised) will rank among the top five cryptocurrency companies. While crypto industry valuations are viewed as more conservative than those of AI startups, the sector still boasts innovation and strong growth potential. Per CB Insights data, total fintech private funding hit $53 billion in 2025—down from $152 billion in 2021 but marking the first year of growth in four years.

Hyperliquid Lobbyist CEO: Frontend Interface Connecting to Decentralized Exchange Protocols Should Not Be Required to Perform KYC

On February 20th, Jake Chervinsky—CEO of the Hyperliquid Policy Center, the lobbying arm of decentralized exchange platform Hyperliquid—posted on social media: “Front-end interfaces connecting to decentralized exchange protocols shouldn’t be required to conduct KYC (Know Your Customer). Financial privacy is a fundamental right.” Of course, while on-chain illicit financial activity pales in comparison to that of the traditional financial system, we can’t ignore it. But the solution shouldn’t be to slap old rules—rules that have excluded billions from the financial system—onto new technology that can do better. (Note: The original link [https://app.hyperliquid.xyz/join/NTOD] is retained for context as per the source.)

Hyperliquid will delist OM voting will be open to on-chain validators on February 23rd

February 19th, according to official sources, the on-chain validators for Hyperliquid will vote around 16:00 UTC+8 on February 23rd on whether to delist OM. MANTRA (OM) is planning a token swap, incremental adjustments, and a rebrand to MANTRA (MANTRA). If validators vote to delist the asset, related perpetual contracts will be settled using the 1-hour Time-Weighted Average Price (TWAP) prior to delisting, and all unfilled orders will be canceled. Please close your positions before this time to avoid automatic settlement. Once settlement is complete, no new orders will be accepted.

Hyperliquid has established a lobbying organization called the "Hyperliquid Policy Center," with $28 million in HYPE as seed funding

On February 18, a Fortune report noted that Hyperliquid has launched the Hyperliquid Policy Center — a lobbying organization led by Jake Chervinsky — with the Hyperliquid Foundation set to provide $28 million worth of HYPE as initial funding.

A certain whale address has deposited 30 million U into HyperLiquid to go long on BTC with 3x leverage

February 18th: Per Onchain Lens monitoring, the whale address "pension-usdt.eth" has again deposited 30 million USDC into HyperLiquid and opened a 3x leveraged long position on BTC. Position details: - Quantity: 1,000 BTC - Value: $67.59 million - Entry Price: $67,203.6 - Liquidation Price: $37,681.1

A whale deposited 1 million USDC into Hyperliquid to leverage 20x long ETH

**Feb 16 Onchain Lens Monitoring Update** A whale has deposited 1 million USDC to Hyperliquid, opened a 20x-leveraged ETH long position, and still holds a 20x-leveraged SOL long position. The whale also boosted spot holdings, including: - 20,000 SOL (~$1.7 million) - 8.5 million FARTCOIN (~$1.69 million) - 30 million MON (~$717,000) - 6.73 million XPL (~$651,000) To date, the whale’s total cumulative contract trading losses exceed $11.877 million.

A newly created address deposited 2 million U into Hyperliquid to leverage 2x long on Nvidia.

Per LookOnChain monitoring data on February 14th, a newly created address deposited 2 million USDC into HyperLiquid 11 hours ago to open a 2x long position on NVDA. The position includes 21,687 xyz:NVDA tokens, valued at $3.97 million.

Tether Invests in Hyperliquid Mobile Entry Dreamcash Parent Company

February 14 — Stablecoin giant Tether has invested in Dreamcash, the parent company of Hyperliquid’s mobile entry point. The move coincides with the launch of the first batch of USDT-collateralized real-world asset (RWA) perpetual contract markets on the popular DEX Hyperliquid, per a Friday announcement. The markets rolled out in partnership with Selini Capital, Dreamcash, and Tether, and include: ? Stock indices like the S&P 500 ? Commodities including gold and silver ? Individual stocks such as Tesla, NVIDIA, Google, Amazon, Meta, Robinhood, Intel, and Microsoft Tether’s investment will fund Dreamcash’s CASH market’s $200,000 weekly incentive program, where traders earn rewards based on their “share of total USDT trading volume.” Dreamcash did not disclose the specific size of Tether’s investment.

A whale deposits $2 million into HyperLiquid and goes 20x long on ETH and SOL

On February 13th, OnchainLens monitoring data shows that whale address "0x4A2" deposited $2 million worth of USDC into HyperLiquid and opened long positions on ETH and SOL with 20x leverage. Previously, the same whale had accumulated losses exceeding $6.88 million.

Mainstream Perp DEX Overview: Hyperliquid Maintains Top Trading Volume, EdgeX Rises to Second

February 13th — Per DefiLlama data, mainstream perpetual DEX (Perp DEX) trading volume posted a slight decline, while open interest and total value locked (TVL) showed little change, with overall stability holding. Hyperliquid remains the top Perp DEX by trading volume, and EdgeX has overtaken Aster to claim the second spot. Below are key 24-hour metrics for major platforms: - Hyperliquid: ~$65.6B trading volume | ~$42.3B TVL | ~$49.7B open interest [Link: https://app.hyperliquid.xyz/join/NTOD] - EdgeX: ~$30.3B trading volume | ~$1.83B TVL | ~$9.93B open interest - Aster: ~$29.8B trading volume | ~$10.7B TVL | ~$17.9B open interest [Link: https://www.asterdex.com/zh-CN/referral/aboter] - Lighter: ~$20.6B trading volume | ~$9.20B TVL | ~$7.25B open interest [Link: https://app.lighter.xyz/?referral=70045843] - Apex: ~$13.0B trading volume | ~$39.40M TVL | ~$1.12B open interest - Grvt: ~$8.86B trading volume | ~$90.68M TVL | ~$3.89B open interest - Pacifica:

The BTC Short Position Size of T3 Addresses on Hyperliquid is now sitting at a realized profit of $2.434 million

As of February 13, monitoring from AI Auntie shows the top 3 short positions for BTC address 0xd62...b7d91 on the Hyperliquid platform have an unrealized profit of $2.434 million. The address has been shorting BTC since February 2, currently holding a 40x leveraged short position of 278.76 BTC (worth approximately $18.51 million) with an average entry price of $75,150.50.

A whale deposited $4.8 million into HyperLiquid and shorted ETH with 20x leverage

On February 13, OnchainLens monitoring data shows that whale address 0x982 has deposited $4.8 million in USDC into HyperLiquid and opened a 20x-leveraged short position on ETH. The address is currently still actively adding to this position. Six days ago, the same address deposited $2.4 million in USDC, opening a 10x-leveraged short position on HYPE and a 20x-leveraged long position on BTC.

Hyperliquid is pleased to announce that HIP-3 Cross-Margin Functionality has been enabled on the testnet.

February 13th — Official sources confirm Hyperliquid has activated the cross-margin feature for its HIP-3 permissionless perpetual contract market on testnet (mainnet support is not yet live). Notably, this feature qualifies for Hyperliquid’s mainnet-level bug bounty program. For HIP-3 deployers: An asset must first have cross-margin enabled before users can utilize it for cross-margin trading. How it works: Under a unified account, all cross-margin perpetual contracts using the same collateral asset can share margin across multiple DEXs. Assets from different DEXs are protected up to their maintenance margin threshold to prevent automatic liquidation caused by sharp price swings on other DEXs. This “protective cross-margin” system balances system solvency with user experience. Key caveat: Cross-margin is not designed for DEX abstract interfaces, and such interfaces should not support cross-margin usage via abstract trades. Users should use a unified account or portfolio margi

Mainstream Perp DEX Overview: Hyperliquid's TVL Continues to Struggle While Trading Volume Surges to $7.5B

Feb 12 – According to DefiLlama data, mainstream perpetual DEX trading volumes have broadly rebounded, though open interest across platforms remains low and overall market conditions are stable. Hyperliquid leads in trading volume, with its 24-hour volume hitting ~$75.3 billion (a sharp increase from the prior day) — yet its open interest has not seen a notable rebound. Key metrics for major perpetual DEXs are as follows: - [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD): 24h Volume ~$75.3B | TVL ~$42.3B | Open Interest ~$49.0B - [Aster](https://www.asterdex.com/en/referral/aboter): 24h Volume ~$36.4B | TVL ~$10.8B | Open Interest ~$18.2B - EdgeX: 24h Volume ~$35.1B | TVL ~$18.5B | Open Interest ~$10.2B - [Lighter](https://app.lighter.xyz/?referral=70045843): 24h Volume ~$23.0B | TVL ~$9.22B | Open Interest ~$7.22B - Grvt: 24h Volume ~$18.4B | TVL ~$89.26M | Open Interest ~$3.86B - [Pacifica](https://app.pacifica.fi/?referral=pacbot): 24h Volume ~$7.6B | TVL ~$37

Hyperliquid Launches AZTEC Contract Trading with Up to 3x Leverage

On February 12, official sources confirm Hyperliquid has launched the AZTEC/USDC perpetual contract, offering up to 3x leverage.

A whale deposited 5.1 million USDC into Hyperliquid and shorted gold with 1x leverage

On February 12, Onchain Lens monitoring showed a newly created wallet deposited 5.1 million USDC into Hyperliquid and opened a 1x-leveraged short position on GOLD.

Hyperliquid Strategies Announces Financial Report: Spends $129.5 Million to Purchase 5 Million HYPE Tokens, Still Holds $125 Million in Cash Reserves

On February 11, U.S.-listed Hyperliquid Strategies (PURR) — the treasury arm for HYPE — released its financial report, noting it spent $129.5 million to acquire 5 million HYPE tokens at a weighted average price of $25.90. The firm currently maintains a $125 million cash reserve.

Hyperliquid's largest ETH long position continues to add leverage, with longs now totaling $205 million

February 11: EmberCN monitoring shows that as ETH briefly dropped to ~$1,950, the largest ETH long position on Hyperliquid has added 5,000 ETH to its holdings. The position, initially opened with 105,000 ETH at an average price of $2,029-$2,060, is now down $10.43 million, with a total value of $205 million.

Hyperliquid's HIP-3 daily trading volume hit $5.2 billion on February 5, marking a new all-time high.

On February 11th, Hyperliquid’s HIP-3 permissionless perpetual contract market reported a daily trading volume of $5.2 billion on February 5th—its highest single-day record since the protocol launched in October 2025. As the leading market maker on HIP-3, TradeXYZ holds nearly 90% of total trading volume via its perpetual contracts across precious metals, stock indices, and individual stocks. TradeXYZ’s silver perpetual contract alone generated $4.09 billion in volume on February 5th, accounting for roughly 68% of that day’s total HIP-3 activity. This surge is tied to the commodity’s price volatility, which has drawn traders seeking alternatives to crypto assets.