Gmeow. Another week where Hyperliquid stands out, between Bloomberg, HIP-3 exploding everywhere, unlocks, and the ecosystem.

1. Bloomberg Spotlights Hyperliquid During Iran Fire

A new article from Bloomberg highlights Hyperliquid's role in giving people access to price discovery in a context of geopolitical risks: Oil, Gold Rally on HyperLiquid as 24/7 Crypto Prices ran free. This exposure highlights what Hyperliquid has always advocated: you don't need to pay to appear in such a major newspaper, you just need to be useful and have real users. This isn't the first time Bloomberg has talked about Hyperliquid, and it certainly won't be the last.

2. HIP-3

Multiple ATHs in open interest (OI):

  • Starkex, Vertex and Dreamcash both set new ATHs in OI.
  • TradeXYZ hit a new ATH of $4.11 billion on February 26.
  • HIP-3 OI as a percentage of total Hyperliquid OI hit a new ATH of 28%.
  • Dreamcash overtook Lighter in OI on February 24.
  • The $GOLD pair is very useful and the more open interest there is, the better (combined with DRIFT).

Cross margin for HIP-3 is rolling out progressively:

💡 Note: It enabled it for the MAG7 assets: $GOOG, $AMZN, $AAPL, $MSFT, $NVDA, $META, $TSLA. Users should use unified accounts or portfolio margin to be expected. Unified standard accounts share collateral only within the same DEX.
  • Felix launched cross margin on the SILVER-$USDH and $GOLD-$USDH pairs.

All these metrics show that adoption is real. OI is the metric that clearly shows usage growing day by day, and people are not just there for an airdrop but for the product itself.

3. HYPE March Unlock

173,164 HYPE tokens were unlocked for the March unlock, valued at $5.45M at current prices. This news reassures the community. The big unlocks were mainly present in the first 2-3 months. Today, the unlocks are ridiculous and are bought back in less than two days by the Assistance Fund.

  • 1st unlock: 2.8M HYPE (re-locked 65K)
  • Jan unlock: 1.2M HYPE
  • Feb unlock: 143K HYPE
  • March unlock: 173K HYPE

4. Ecosystem and HyperEVM

The largest native lending and borrowing project on Hyperliquid has completed its TGE. Felix launched with its $HLP which is valued at around $16 million FDV. Based on current conditions, you will have received it directly on HyperCore. Otherwise, you can still claim your airdrop. Based announced a $1.5 million fundraising round to build the next-gen crypto SuperApp (perps, prediction markets, spot, and spending). Notably, 30% is allocated to investors, with backing from Coinbase Ventures and others.