Hyperliquid (HYPE) — Onchain News & Whale Tracking

「Hyperliquid Whale」 liquidated their 40,000 ETH long position 2 hours ago, realizing a profit of $14.8 million

**March 17th Note** Per on-chain analyst Yu Jin’s monitoring, 2 hours ago—following an 8% ETH price surge—the “Hyperliquid Max Long” account closed a profitable long position by selling 40,000 ETH ($94.44 million), locking in $14.8 million in gains. Earlier, the account had opened a $290 million notional long position. Amid the recent rebound, total profits now total $47.92 million: - 120,000 ETH opened at ~$2,000 → $43.2 million profit - 700 BTC opened at $68,420 → $4.72 million profit As of now, the account still holds long positions for 80,000 ETH and 700 BTC.

Hyperliquid 24-hour Revenue Surges to $1.27 Million, 7-day Total Revenue Reaches $13.15 Million

March 16th — Defillama data shows Hyperliquid’s 24-hour revenue topped $1 million, hitting $1.27 million to temporarily claim the third spot on the crypto project revenue leaderboard. Tether leads with $16.41 million in revenue, followed by Circle at $6.87 million. Separately, HTX market data indicates Hyperliquid’s native token HYPE has surged more than 5.2% in the past 24 hours and over 26% in the last seven days.

On the eve of the GTC conference, the US stock storage sector rose in after-hours trading, with the NVDA position on Hyperliquid reaching $68.7 million.

March 16 — Per HyperInsight monitoring (https://t.me/HyperInsight), Nvidia’s GTC conference is roughly 12 hours away. U.S. storage stocks extended gains in after-hours trading: SanDisk rose more than 3.8%, while Micron Technology climbed over 2.8%. Hong Kong chip stocks and the broader semiconductor sector also posted varying gains, tracking the upward trend. Meanwhile, Nvidia edged up 1% in after-hours trading. On Hyperliquid (https://app.hyperliquid.xyz/join/NTOD), the NVDA contract currently trades at $182, with open interest at $68.7 million. Its 24-hour trading volume has dropped by more than half from last week, to approximately $6.12 million. Nvidia GTC 2026 is scheduled for March 16–19 in San Jose. Jensen Huang will speak at 2 a.m. Beijing time on March 17. The conference expects over 30,000 attendees (developers, researchers, business reps) from 190+ countries, with 1,000+ sessions planned.

A whale has deposited another 1.5M USDC into HyperLiquid to short Brent Crude Oil with 20x leverage

March 16: Per Onchain Lens monitoring, a whale deposited an additional 1.5 million USDC into HyperLiquid (bringing its total deposit to 7.1 million USDC) and opened a 20x leveraged short position on BRENTOIL. The whale also still holds an $8.8 million 20x leveraged short position on CL.

Hyperliquid Crude Oil Contract 24-hour Total Trading Volume Surpasses $550 Million, Nasdaq 100 Contract Trading Volume Reaches $130 Million

On March 16, per monitoring data from HyperInsight (https://t.me/HyperInsight), the 24-hour trading volume of CL (WTI Crude Oil Perpetual Contract) on Hyperliquid exceeded $400 million—second only to BTC’s $15.7 billion and ETH’s $8.1 billion, and double the $200 million volume of SOL contracts. Additionally, BRENTOIL (Brent Crude Oil Perpetual Contract) topped $147 million, with total crude oil contract volume hitting over $550 million in the past day. Elsewhere on the platform: XYZ100 (Nasdaq 100 Perpetual Contract) logged $130 million in volume (7th place); SILVER (Silver Perpetual Contract) saw $113 million (8th); and GOLD (Gold Perpetual Contract) reached $48 million (11th).

Mainstream Perp DEX Overview: Minimal volume variation across platforms, with Hyperliquid holding steady at a high level

As of March 13, DefiLlama data shows minor fluctuations in total trading volume and open interest across on-chain perpetual futures DEXs. Hyperliquid’s 24-hour trading volume ticked up slightly from the prior day, while its open interest remains elevated. Below is the latest ranking of major perpetual futures DEXs by 24-hour metrics: - Hyperliquid: ~$6.74B trading volume | ~$6.45B open interest (link: https://app.hyperliquid.xyz/join/NTOD) - Aster: ~$2.36B trading volume | ~$1.95B open interest (link: https://www.asterdex.com/en/referral/aboter) - EdgeX: ~$2.13B trading volume | ~$1.12B open interest - Lighter: ~$1.77B trading volume | ~$736M open interest (link: https://app.lighter.xyz/?referral=70045843) - Grvt: ~$1.50B trading volume | ~$494M open interest - Pacifica: ~$482M trading volume | ~$74.33M open interest (link: https://app.pacifica.fi/?referral=pacbot)

Hyperliquid Crude Oil Contract Funding Rate Flips from Negative to Positive as Middle East Tensions Drive Oil Price Volatility

March 13 — According to Hyperliquid monitoring (via Telegram @HyperInsight), rising oil prices have shifted market sentiment to bullish. On the Hyperliquid platform (app.hyperliquid.xyz/join/NTOD), funding rates for CL (WTI Crude Oil) and BRENTOIL (Brent Crude Oil) turned positive today: the CL contract rate is temporarily at 0.0012%, while BRENTOIL’s stands at 0.0052%. Total trading volume for U.S. (WTI) and U.K. (Brent) crude contracts reached $1.3 billion, with open interest totaling $377 million. On the news front, Middle East tensions escalated overnight into this morning. Iran’s Supreme Leader declared the Strait of Hormuz “must remain closed,” briefly pushing oil prices to $96/bbl. Later, Deputy Foreign Minister Rahanchi stated ships from “some countries will be allowed to pass,” trimming oil’s gains. Even so, the ongoing strait closure creates a daily supply gap of ~20 million barrels. At 6 a.m. ET today, WTI crude briefly hit $98/bbl and is now trading at $95.7/bbl.

Hyperliquid Crude Oil Market Attracts New Inflows, with Whale Activity in the Past Two Days accounting for approximately 48% from Returning or New Addresses

Mainstream Perp DEX Overview: Market Enters Wait-and-See Phase, Hyperliquid Trading Volume Drops, Open Interest Rises Again

As of March 12, data from DefiLlama reveals the following updates on the on-chain perpetual DEX (Perp DEX) market: While the overall 24-hour trading volume continues to decline, open interest remains elevated, and leveraged funds have not exited significantly. Notably, Hyperliquid’s position size has rebounded to a recent high. Below is the top Perp DEX ranking by 24-hour trading volume: - **Hyperliquid** (https://app.hyperliquid.xyz/join/NTOD): ~$64.8B 24h volume | ~$64.1B open interest - **Aster** (https://www.asterdex.com/en-US/referral/aboter): ~$24.3B 24h volume | ~$19.4B open interest - **EdgeX**: ~$19.6B 24h volume | ~$10.8B open interest - **Lighter** (https://app.lighter.xyz/?referral=70045843): ~$18.6B 24h volume | ~$6.76B open interest - **Grvt**: ~$15.0B 24h volume | ~$4.91B open interest - **Pacifica** (https://app.pacifica.fi/?referral=pacbot): ~$4.54B 24h volume | ~$67.83M open interest

Hyperliquid's RWA Transaction Volume Hits All-time High, Daily Transaction Volume Surpasses $1.4 Billion

March 12 — Per an official announcement from Hyperliquid, the trading volume of Real World Assets (RWAs) on the platform has set consecutive new records over the past two weeks. Open interest for RWAs has topped $1.3 billion, while a single weekend day saw trading volume surpass $1.4 billion. While traditional markets are closed, Hyperliquid has emerged as a 24/7 price discovery venue for key assets like crude oil, metals, and indices. DefiLlama data shows the platform’s 24-hour trading volume hit $6.48 billion in the latest period, with open interest at roughly $6.41 billion.

Data: Hyperliquid Total Value Locked surpasses $4.5 billion, with an annualized fee income of $747 million

On March 12, data from DefiLlama indicates that Hyperliquid (which supports USDC and USDT) has recorded cross-chain assets exceeding $45.07 billion. Over the past 24 hours, the platform’s annualized trading fees have reached $747 million, and its total perpetual contract trading volume in the last 30 days has hit $1.7823 trillion. Per market data from HTX, HYPE is currently trading at $37.14, posting a 7.33% gain in the 24-hour period.

A whale deposited 1.82 million USDC into Hyperliquid for additional long position on crude oil

On March 12, Onchain Lens data shows a whale deposited 1.82 million USDC into Hyperliquid and upped its 1x leveraged short position in CL (WTI Crude Oil Perpetual Contracts). Additionally, the whale holds a 1x leveraged long position in EWY (South Korea ETF).

A whale deposited 4 million USDC into Hyperliquid to increase short position on crude oil, currently showing a floating loss of 1.87 million USD

March 12th — Per LookOnChain monitoring data, a whale deposited an additional 4 million USDC into Hyperliquid 45 minutes ago to continue shorting crude oil. As of now, the whale holds roughly $35 million in short positions across xyz:CL (WTI crude mapping contract) and xyz:BRENTOIL (Brent crude mapping contract), with an unrealized loss of ~$1.87 million to date.

Mainstream Perp DEX Overview: Platform Trading Volume Declines Across the Board During Macro Event Lull, 33% Pullback in Crude Oil Contracts on Hyperliquid

March 11th — Per DefiLlama data, the overall trading volume of on-chain perpetual futures DEXs (Perp DEXs) has seen a slight decline, but open interest remains elevated, indicating leveraged positions haven’t unwound. Previously fueled by macro developments, the market’s trading volume surged sharply; currently, amid a lull in news flow, the market lacks clear directional momentum. **Key Details:** Hyperliquid’s 24-hour trading volume is down ~21% from yesterday, with its WTI crude oil contract volume dropping 33% to ~$1.2 billion. Below is the ranking of major Perp DEXs by 24-hour trading volume: - **Hyperliquid** [https://app.hyperliquid.xyz/join/NTOD]: ~$79.5B (24h vol) | ~$45.1B (TVL) | ~$60.9B (open interest) - **Aster** [https://www.asterdex.com/en/referral/aboter]: ~$30.6B | ~$9.42B | ~$20.2B - **EdgeX**: ~$26.7B | ~$1.78B | ~$10.7B - **Lighter** [https://app.lighter.xyz/?referral=70045843]: ~$22.8B | ~$6.26B | ~$6.46B - **Grvt**: ~$15.1B | ~$1.04B | ~$4.90B

International Oil Price Rebounds Intraday, Hyperliquid Funding Rate Shows Overall Bearish Sentiment

March 11th — International oil prices rebounded, per Hyperinsight Monitoring data: WTI crude surged over 6% to $88.6/bbl; Brent crude climbed more than 5% to $92.44/bbl. Hyperliquid’s contract prices tracked the gains: its CL (WTI) contract traded at $88.2, while BRENTOIL (Brent) was at $89.7. Despite the modest price recovery, the platform’s funding rate remains negative, signaling lingering bearish market sentiment overall. Notably, among Perp DEX platforms offering CL contracts, Pacifica’s funding rate is positive — a 0.0035% spread from Hyperliquid’s rate.

Hyperliquid has released multiple USDH feature updates, HIP-4 Outcome Markets is now live on the testnet

March 11 – Decentralized derivatives platform Hyperliquid rolled out key updates for USDH holders, while also launching HIP-4 Outcome Markets on testnet. All validator-deployed Outcome Markets are USDH-denominated, and the platform’s initial mainnet launch will support 1-day Outcome Markets tied to Bitcoin and HYPE. Additionally, Hyperliquid is raising related Portfolio Margin limits: - Global supply cap: 500 million USDH - Global borrowing cap: 100 million USDH - Per-user supply cap: 5 million USDH - Per-user borrowing cap: 1 million USDH These adjustments will take effect following the next network upgrade.

「Buddy」 deposited 250,000 USDC into Hyperliquid, and opened a leveraged long position on ETH.

March 10th: Per Onchain Lens monitoring, the address linked to "Whale Whisperer" Huang Lincheng has just deposited 250,000 USDC into Hyperliquid and begun building a 25x-leveraged ETH long position.

Mainstream Perp DEX Overview: Traditional Assets Lead Hyperliquid Trading Volume Surge, Intraday Volume Rebounds Surpassing $10 Billion

March 10th — Perpetual contract trading volume for traditional assets like crude oil surged, per DefiLlama data. Oil price volatility and the 24/7 availability of U.S. stock trading drew massive capital into the HIP-3 market. Hyperliquid’s trading volume rebounded sharply, hitting ~$100.8 billion (a recent high) — well above other platforms, which saw varying gains but none exceeding $3 billion. Below are the top Perp DEXs by 24-hour trading volume, plus their TVL and open interest (OI): - [Hyperliquid](https://app.hyperliquid.xyz/join/NTOD): ~$100.8B 24h volume | ~$44.7B TVL | ~$60.8B OI - [Aster](https://www.asterdex.com/zh-CN/referral/aboter): ~$27.3B 24h volume | ~$9.83B TVL | ~$21.7B OI - EdgeX: ~$25.4B 24h volume | ~$1.78B TVL | ~$10.6B OI - [Lighter](https://app.lighter.xyz/?referral=70045843): ~$22.3B 24h volume | ~$6.28B TVL | ~$6.42B OI - Grvt: ~$13.7B 24h volume | ~$1.07B TVL | ~$4.81B OI - [Pacifica](https://app.pacifica.fi/?referral=pacbot): ~$5.71B 24h vol

Riding the Wave of Commodity Trading Boom, Hyperliquid Platform Sees Weekly ROI Surge Over 60%

**March 10th Update** On February 28th, the U.S. launched sudden military action against Iran. With traditional markets closed for the weekend, on-chain gold products perfectly satisfied traders’ demand to react to the news via trading. Last weekend, as the Strait of Hormuz closed and Middle Eastern oil-producing nations cut production, demand for oil-related products spiked. Hyperliquid stepped in again, even offering a one-day low-price buying opportunity. As of March 10th, WTI crude oil (CL) trading volume on Hyperliquid has surged to $18.3 billion in the past 24 hours—this follows CL first topping $1 billion on March 3rd. The contract has posted a **weekly jump of 1830%** and **daily gain of 220%**, with open interest hitting $170 million. Currently, CL volume is 1.8x that of ETH, ranking second on the platform’s trading leaderboard (only behind BTC). Per DefiLlama data, since the Iran conflict erupted, Hyperliquid’s platform revenue has jumped from $8.54 million to $15

「Hyperliquid Early Contributor, Loracle」 Narrowly Escapes Death, Turns their Oil Short Position Around from Loss to Gain, Now Sitting on $600,000 Unrealized Gain

**March 10**: Per monitoring from The Data Nerd, a sharp oil price drop has turned "Hyperliquid early contributor Loracle"’s oil short position from loss to profit—currently holding a $600k floating profit. **March 8–9**: The address shorted oil with 20x leverage and faced liquidation risk amid a surge in oil prices.

On-chain WTI Crude Oil Surpasses ETH with $1.8 Billion Daily Trading Volume, Ranks Second on Hyperliquid Platform

March 10th — Per HyperInsight monitoring, on-chain RWA transaction activity has spiked. On Hyperliquid, WTI crude oil (CL) trading volume has surged since hitting $1 billion for the first time on March 3. Current 24-hour volume has rocketed to $18.3 billion, marking a 1830% weekly jump and 220% daily increase. Concurrent open interest stands at $170 million. CL contract volume is now 1.8x ETH’s volume, trailing only BTC to rank second on the platform’s trading leaderboard.

Weekend Mainstream Perp DEX Overview: Platform Trading Volumes Dip, Hyperliquid Open Interest Remains Relatively High

**Update:** As of March 9, data from DefiLlama shows trading activity across major perpetual protocol DEXs remained relatively muted over the weekend. Hyperliquid’s trading volume came in under $5 billion, though its total value locked (TVL) saw a modest uptick and open interest held a minor fluctuation. EdgeX held the second spot by trading volume, while Hyperliquid retained the top position. Below are the latest 24-hour trading volume, TVL, and open interest figures for leading perpetual protocol DEXs: - **Hyperliquid**: ~$45.7 billion (24h trading volume) | ~$44.4 billion (TVL) | ~$57.1 billion (open interest) - **EdgeX**: ~$20.8 billion (24h trading volume) | ~$1.79 billion (TVL) | ~$10.3 billion (open interest) - **Aster**: ~$17.7 billion (24h trading volume) | ~$9.72 billion (TVL) | ~$21.4 billion (open interest) - **Lighter**: ~$16.5 billion (24h trading volume) | ~$6.33 billion (TVL) | ~$6.36 billion (open interest) - **Apex**: ~$11.0 billion (24h trading volume

Brent Crude Trading Pair Breaks into Hyperliquid's Top Ten Trading Pairs, 24-hour Trading Volume Surpasses $140 Million

Flash Update: March 9th HyperInsight monitoring data shows Hyperliquid’s BRENTOIL/USDC (Brent Crude Oil Futures Mapping Contract) has cracked the platform’s top 10 trading volume rankings. Over the past 24 hours, the contract’s trading volume topped $140 million—marking a recent high—with open interest at $38 million. BRENTOIL is currently trading at $103.8, with up to 20x leverage available. Monitoring also indicates whales holding contract positions exceeding $1 million are all in short positions. The largest short address (0xa55) holds a 3x leveraged short worth $4.85 million, with an average entry price of $97.7. It currently has an unrealized loss of $280,000, a loss ratio of ~11%.

In the last 12 hours, the liquidation amount of crude oil futures ranks top three across all platforms, as a Hyperliquid whale's short position in CL faced a multi-million dollar forced liquidation.

On March 9th, data from Hyperinsight (via its Telegram channel https://t.me/HyperInsight) and Coinglass shows that over the past roughly 12 hours, the liquidation volume for xyz:CL (WTI Crude Oil Perpetual Contract) reached approximately $39 million—ranking third across all networks, only behind BTC and ETH, with short positions accounting for the majority of liquidations. This contract is deployed by TradeXYZ on the Hyperliquid platform, and all liquidations in this round stem from Hyperliquid. Driven by the surge in crude oil prices, multiple whales holding short positions on CL via Hyperliquid were liquidated consecutively, with a total scale exceeding tens of millions of dollars. Among them, the largest liquidation came from the whale (address 0x8af7) known for "repeatedly counter-positioning major assets": it held 72,178 CL isolated short positions, equivalent to roughly $7.7 million, all of which have now been liquidated. Subsequently, this address quickly opened new sho

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).