Hyperliquid (HYPE) — Onchain News & Whale Tracking

Hyperliquid Whale Divergence Intensifies: Amid Market Volatility, Both BTC Long and Short Camps Hold Positions Over $1 Billion

21Shares Submits S-1 Filing for Hyperliquid ETF

On October 29, 21Shares submitted the S-1 application for the Hyperliquid ETF.

edgeX 24-hour Revenue Performance Surpasses Hyperliquid

On October 29th, according to Artemis's "Top Chains by Fees" data, edgeX surpassed Hyperliquid with a 24-hour fee income of $2.3 million and became the new on-chain fee king, highlighting the platform's high transaction activity and user stickiness. Regarding bridging fund flows, edgeX ranked second in net inflows in the past 24 hours, second only to Ethereum, demonstrating strong fund attractiveness.

A whale deposited 5,058,000 USDC into Hyperliquid and shorted ETH with 10x leverage

On October 28th, as per the monitoring of Onchain Lens, a whale transferred 5.058 million USDC into Hyperliquid and initiated a 10x leveraged short position on ETH.

A whale deposited 3.72 million USDC into Hyperliquid and went long on BTC and ETH with 15x leverage.

Hyperliquid Contract Holdings Ranking:

On Hyperliquid, the top BTC short position is held by a whale with a unrealized loss of over $5.52 million, with a liquidation price of $120,800.

An hour ago, a savvy investor topped up 1.95M USDC to Hyperliquid and opened a 15x leveraged BTC long position.

On October 27th, according to the on-chain analyst Ai Auntie (@ai_9684xtpa), the address 0x960...0e2Ee deposited 1.95 million USDC as collateral into Hyperliquid half an hour ago. Subsequently, it opened a 15x leveraged long position on BTC. Currently, it is holding 120 BTC (worth 13.8 million US dollars) with an entry price of $115,372.8. This address has accumulated a profit of $5.51 million on Hyperliquid since July of this year.

A new wallet deposited 2.125 million USDC into Hyperliquid and went long 7x on ENA.

On October 24th, as per the monitoring of Onchain Lens, a new wallet transferred 2.125 million USDC into Hyperliquid and initiated a 7x leveraged long position in ENA. Currently, the account has set up a TWAP order to further expand its position.

「1011 Insider Whale」 Two Addresses Generated $814,000 in Revenue for Hyperliquid Through Only 3 Transactions

On October 23rd, according to the monitoring of AI Grandma, two addresses related to the "1011 Flash Crash Short Selling Suspected Insider Trading" incident generated $814,000 in transaction fees for Hyperliquid through just 3 transactions. During the same period, James Wynn contributed approximately $2.31 million in transaction fees to the platform through 38 transactions within 75 days.

Hyperliquid Strategies plans to raise up to $1 billion, intended to be used to purchase HYPE and others.

On October 23rd, according to official information, Hyperliquid Strategies has submitted an S-1 document with the intention of raising up to $1 billion for general corporate uses, which may potentially involve purchasing HYPE tokens.

ENA experienced a brief 10% flash crash, liquidating the associated address of Andrew Kang on Hyperliquid.

October 23rd. According to MLM Monitor, just one hour ago, ENA witnessed a sharp 10% drop within a mere 2 minutes. It once again led to the liquidation of the wallet linked to Andrew Kang on Hyperliquid. The total liquidation amount of his ENA holdings reached $47.38 million, and around $8.5 million of the replenishment funds were also liquidated.

Hyperliquid Pre-market Contract Launch of MegaETH (MEGA)

On October 22nd, Hyperliquid launched the MegaETH (MEGA) futures contract.

Hyperliquid Founder: Platform Puts Protocol Revenue over Falsehood, ADL Mechanism Makes Users Net Earn Hundreds of Millions of Dollars during Market Crash

On October 19th, Jeff, the founder of Hyperliquid, responded to the "Hyperliquid's Emphasis on Protocol Revenue over Traders' FUD": On October 10th, Hyperliquid's Automatic Deleveraging (ADL) mechanism enabled users to earn hundreds of millions of dollars by liquidating profitable short positions at favorable prices. If a greater number of positions had been liquidated, HLP (Hyperliquid Protocol) could have generated an additional hundreds of millions of dollars in revenue through profit and loss (PnL). However, this would have exposed HLP to irresponsible high-risk situations. ADL transferred HLP's potential PnL to users while reducing HLP's risk exposure, achieving a win-win outcome. It should be noted that Hyperliquid's ADL queue has always used a formula similar to that of most centralized exchanges (CEX), taking into account both the leverage used and the unrealized PnL. Finally, thank you all for the feedback on ADL; a simple mechanism is more robust and easier for users to unde

Bloomberg: Hyperliquid is currently controlled by a small group of insiders and lacks formal regulatory oversight.

On October 17th, as reported by Bloomberg, Hyperliquid is currently under the control of a small group of insiders, which raises doubts about its degree of decentralization. For supporters such as Paradigm and Pantera Capital, it is both a bet on the future of digital finance and a reminder that the entire industry is still operating outside the formal regulatory system. Essentially, Hyperliquid is a minimalist exchange platform operated by Hyperliquid Labs based in Singapore with a team of approximately 15 people. According to industry practices, the website frontend blocks U.S. users, but anyone can trade on the blockchain that supports it. The absence of identity verification is precisely its appeal, echoing a rule observed in the early days: exchanges that grow rapidly using a similar model often quickly attract regulatory attention. If HLP is compared to an engine, then the validator nodes are the control room. Hyperliquid has about 24 validator nodes, while the Ethereum network

「Buddy」 has incurred a trading loss of over $53 million on Hyperliquid in the past month

On October 16th, as per the monitoring of LookOnChain, "Big Brother Whale" Huang Licheng has once again experienced partial liquidation during the recent downturn. His address has lost more than $53 million in the past month on Hyperliquid.

Hyperliquid's $19M Liquidation Whale Cyantarb Makes a Comeback, Deposits 2M USDC Again

On October 15th, as per MLM Monitor, after suffering a loss of around $19 million and undergoing a complete liquidation on Hyperliquid 4 days ago, Cyantarb has made a comeback. It deposited $2 million USDC and resumed liquidity provision. In terms of historical trading volume, Cyantarb was the eighth largest account on Hyperliquid and was completely liquidated during the market crash, incurring a loss of approximately $18 - 19 million. This liquidation wiped out approximately $100 million in notional value, making it the largest account liquidated on Hyperliquid in the past 24 hours.

Hyperliquid: Listing can be done permissionlessly, with no listing fee or listing department

On October 15th, Hyperliquid made an announcement stating that "On Hyperliquid, there is no listing fee, no listing department, and no 'gatekeepers'. " The deployment of spot trading on Hyperliquid is permissionless. Anyone simply needs to pay gas fees in the form of HYPE to deploy a spot asset. The deployer has the option to receive up to 50% of the trading fees for their spot trading pair. All processes are carried out on-chain, publicly transparent, and verifiable. The complete DeFi lifecycle encompasses: project creation, token issuance, and token trading. On Hyperliquid, each step of this process can be completed permissionlessly.

Polymarket has now added support for Hyperliquid Network deposits and withdrawals

On October 15th, according to an official statement, the prediction platform Polymarket has now enabled deposits and withdrawals on the Hyperliquid network.

The Hyperliquid ecosystem liquidity staking protocol Kinetiq has completed the final kPoints snapshot, with point distribution scheduled for the 16th.

On October 15th, Hyperliquid's liquidity staking protocol, Kinetiq, announced that the final kPoints snapshot had been taken and that the kPoints distribution would occur on October 16th.

Hyperliquid traders and HypurrNFT holders are eligible for the MON airdrop

On October 14th, as per the disclosure of MLM, Hyperliquid traders and HypurrNFT holders are going to receive a MON (Monad) airdrop. In addition, based on the official information, participants of the Legion fundraising platform, Backpack users, Fantasy Top heroes, MetaDAO token holders, ARC community members, active participants in the LobsterDAO Telegram group, as well as prominent Farcaster users, will also get the MON (Monad) airdrop. The airdrop also includes those who have contributed to the development of crypto through security research, protocol development, and education. This encompasses ZachXBT, SEAL 911 members, some auditors who made significant findings in the Cantina audit, Protocol Guild members (verified by checking the Splits contract), and others.

「Whale Hunting Operation」 leader KOL transferred 5 million USDC to Hyperliquid, placed buy orders for ETH, PUMP, and other tokens at the dip

On October 14th, according to on-chain analyst Ai Yi (@ai_9684xtpa), the leader of the "Whale Hunting Squad," who once focused on Insider Brother, KOL @Cbb0fe, deposited 5 million USDC into Hyperliquid 40 minutes ago and then placed a series of limit buy orders: · For ETH: Buying at the dip price ranging from $3250 to $3450, with a value of $1.34 million. · For PUMP: Buying at the dip price of $0.0019, with a value of $1.14 million. · For XPL: Buying at the dip price between $0.2 and $0.25, with a value of $0.97 million. · For ENA: Buying at the dip price of $0.19, with a value of $0.8 million. · For BERA: Buying at the dip price of $0.9, with a value of $0.72 million.

「BTC OG Whale」 has deposited 40 million USDC into Hyperliquid and continues to add to their BTC short position

Hyperliquid has completed the HIP-3 upgrade, and Hyperunit has acquired its first Ticker, "XYZ100."

On October 13th, according to on-chain data, Hyperliquid has accomplished the HIP-3 upgrade. The Hyperunit purchased its initial Ticker "XYZ100" and officially launched its HIP-3-based decentralized exchange (DEX) on the mainnet. This indicates the first deployment of a DEX since the launch of HIP-3 a few hours ago. After the successful launch of HIP-3, deployers will be capable of initiating a Perp DEX on HyperCore without permission by staking 500,000 HYPE.

Hyperliquid will launch the HIP-3 upgrade, enabling permissionless perpetual contract market creation.

On October 13th, Hyperliquid intends to initiate the HIP-3 upgrade later today, allowing for the creation of permissionless perpetual contract markets. Once HIP-3 is successfully launched, deployers will be capable of launching a Perp DEX on HyperCore without permission by staking 500,000 HYPE. HIP-3 will be integrated with HyperEVM for smart contracts and governance and will incorporate security measures such as validator slashing and a cap on open interest.

Hyperliquid Contract Market Trends Towards Conservatism, with Negative Growth Fee Rates for Some Shitcoins

On October 13th, as monitored by HyperInsight (accessible via https://t.me/HyperInsight), within the past 24 hours, the overall cryptocurrency market has witnessed a rebound accompanied by a significant increase in trading volume. The amount of short liquidations on the Hyperliquid platform amounted to 62.5 million US dollars. The total trading volume of the three major mainstream coins, BTC, ETH, and SOL, was 8.666 billion US dollars. It is worth noting that possibly due to the recent market fluctuations, the sentiment in the futures market is relatively cautious. When looking at the 24-hour trading leaderboard, the prices of coins such as SOL, DOGE, BNB, and ASTER have all seen a certain degree of increase. However, the funding rates remain negative. On the other hand, the 24-hour trading volume of ZEC and HYPE has respectively decreased by 23.87% and 18.77%, and their holdings have also exhibited relatively weak performance.

CZ: Earlier this year, he missed a meeting with Hyperliquid co-founder Jeff due to setting his alarm clock incorrectly.

On October 13th, CZ stated during an interview with Threadguy on the 11th that although Jeff had participated in the first season of Binance Incubator, CZ had not met Jeff in person. CZ also disclosed that earlier this year, Ella Zhang, the leader of YZi Labs, had attempted to arrange a meeting between CZ and Jeff. However, "Unfortunately, I set my alarm clock wrongly and overslept." CZ further said that he did not regret missing that meeting. "They have already achieved great success and are highly valued. I don't think they are the right acquisition target for us; we do not engage in large-scale acquisitions. So far, the largest acquisition we have made may be CoinMarketCap, which was only a few billion US dollars, and I think they had already exceeded that scale at that time."

CZ Appears to Respond to Hyperliquid Co-Founder: BSC Ecosystem Participants Voluntarily Spend Billions of Dollars to Protect Users

On October 13th, CZ made a post on the X platform, saying, "While others try to ignore, hide, shift the blame, or attack competitors, key BSC ecosystem participants (Binance, Venus, etc.) have used their own funds for billions of dollars to safeguard users. A different value system is at play." Before this news, the Founder of Hyperliquid publicly criticized Binance for the problem of inflated trading volume.

Hyperliquid Founder Publicly Lambasts Binance for Overstating Trading Volume

October 13th. Hyperliquid co-founder Jeff stated in a post that "Hyperliquid is a blockchain on which all orders, trades, and settlements are carried out on-chain. Anyone can verify the chain's execution without permission. This includes all settlements and their fair execution for all users. Additionally, anyone can verify the real-time solvency of the entire system. Transparency and neutrality are key reasons why full-chain DeFi is set to become the ideal global financial infrastructure." Some centralized exchanges have publicly announced that they significantly underreport user settlements. For instance, on Binance, even if there are thousands of settlement orders within the same second, only one is reported. Due to the sudden nature of settlements, in some cases, the underreporting can easily reach 100 times. It is hoped that the industry will regard transparency and neutrality as essential features of the new financial system and encourage other industries to follow suit.