Hyperliquid Annual Report 2025 Today, we're excited to release Hyperliquid's 2025 Annual Report. What Hyperliquid, the core team, and hundreds of contributors have built this year is largely unprecedented in financial history. This report is our attempt to capture that

Very happy to have contributed to this research and to collaborate with such a talented people. Hyperliquid.

Fantastic report from Hyperliquid Research Collective (HRC) on the countless developments within the Hyperliquid ecosystem. Hyperion DeFi is proud to support their research, as well as the efforts of fellow builders and contributors. Job's not finished. Hyperliquid

Amazing to see such great research and coverage on Hyperliquid. A real business built with smart contracts, underpinned by a token, has been a full 180 for this industry and what it can become Nice work Hyperliquid Research Collective (HRC) GLC Four Pillars Hyperliquid

Required reading if you're still trying to figure out where onchain derivatives are headed.

We also want to give a big shoutout to Patrick Hong for handling the design of the report, Heun for leading most of the data work, and Heechang for managing all the details and keeping everything running smoothly, allowing GLC to focus on the overall structure and

How informed are Hyperliquid traders on weekends? Written by matteo 24/7 perp markets only make sense if their prices are actually informative when traditional markets are closed. In this analysis, Matteo puts that to the test and the results speak for themselves. He

Tokenized stocks and ETFs are now live on Felix On-chain traders no longer have to off-ramp funds to gain exposure to US capital markets. If you want to understand how Felix enables large order sizes without significant execution costs, you can read the article below

Probably one of the best HIP-4 deep dive so far. Hyperliquid.

The Evolution of Commodities Report Written by Castle Labs 🏰, francesco 🏰, Noveleader 🏰 We're proud to publish this extensive report from Castle Labs on HRC: a 70-page deep dive on the history of commodities and where onchain trading stands today. The report covers everything

It’s been roughly 5 months since Four Pillars & us joined forces to create the Hyperliquid Research Collective (Hyperliquid Research Collective (HRC)) Today, there are 53 articles available on the website. More and more analysts, researchers, and builders understand how important it is to reduce

Hyperliquid: The Emergent Infrastructure for Global Finance Paper Written by G "The digital asset landscape has long been characterized by a fundamental tension: The performance and user experience of CEXs versus the sovereignty and transparency of DeFi.

Trade everything, trade XYZ. Hyperliquid.

For anyone interested in the regulatory landscape around Hyperliquid, we had the opportunity to chat with Jake Chervinsky while working on the 2025 annual report. He shared valuable insights on the current regulatory environment for Hyperliquid and perpetuals derivatives, as well

.G published a 140 pages research paper on Hyperliquid, covering technical architecture, fee economics, ecosystem protocols, and valuation. The report centers on a single thesis: Hyperliquid isn’t competing within the CEX vs DeFi framework; it’s making that

Who is trading on HIP-3? Written by Arihant (Arrakis) Hyperliquid is establishing itself as the venue for real-world asset exposure when traditional financial markets are closed: "When CME closes on Friday at 22:00 UTC, HIP-3 markets keep trading, making them the

Hyperliquid is establishing itself as the only 24/7 live price discovery venue for the markets analyzed by Arihant ▫️Within 1-2 hours of CME close, retail's share jumped from 12% to 30%. When CME reopened Sunday 23:00 UTC, it snapped back. ▫️Stat arb bots largely

“Hyperliquid has the chance to save crypto” colossus.com/article/beyond…

Hyperliquid 2025 Annual Report Physical Copies by Four Pillars & GLC Because Hyperliquid’s unprecedented 2025 performance deserved more than just a PDF. These reports won’t be for sale, they will be distributed at real-life Hyperliquid events through our partners.

We just wrapped up our Hyperliquid event in Seoul with Hyperliquid Research Collective (HRC), really glad to see so many of you there. For those who couldn’t make it, I wanted to share the presentation I gave at the event, mainly covering trade.xyz and equity perps on Hyperliquid. Hope you enjoy it