Welcome to this week's Hyperliquid newsletter! This week, we will see the launch of HIP-3, listings, ETFs, and DaTs.

📋 Major Listings

In a game-changing move, Robinhood has added $HYPE for trading, unlocking access for millions of retail users. Robinhood users already hold over 27M $HYPE.

🏦 Institutional Momentum

DAT Hyperliquid Strategies Inc. submitted an S-1 form to the SEC, aiming to raise up to $1 billion via a ~17 million share offering. Proceeds will be used for potential $HYPE acquisition.

Asset manager VFShares has applied for a spot ETF tracking $HYPE in the US, as detailed in their SEC filing. This could pave the way for traditional finance integration, further legitimizing Hyperliquid as a core crypto asset.

🌐 HIP-3 Ecosystem Expansions

  • Hyperliquid's innovative perpetuals framework is filing on all cylinders, with HIP-3 markets expanding across trading synthetic asset trading.
  • Trading pairs for HIP-3 assets are fully available on the Hyperliquid interface, enabling seamless access to advanced perps.
  • Ethena Labs teases the very imminent arrival of their own HIP-3 DEX - they already know it will be natively crypto-valued in USDE, and their USDE will earn yield against HIP-3 Token Reservations and launches.

TradeXYZ - The Glass of Tomorrow

$XYZ-100's project is developed by the same team behind HyperLine. Their main goal is to democratize access to trading all types of synthetic assets 24/7, with an initial focus on stock indices and equities. For example, they launched the $XYZ-100 market, a perpetual index tracking the top 100 non-financial US companies (inspired by the Nasdaq-100), with up to 35x leverage. The idea is to allow crypto traders to gain exposure to traditional markets without market closure hours, after hedging everything fully on-chain for total transparency. Their slogan: "Trade anything, anytime" perfectly captures this vision: expanding the perp universe beyond crypto to include the ability to launch stocks more traditional markets as commodities.

💡 Milestone: With our early DEXT success, the open interest is constantly increasing. The Assistance Fund now holds HYPE. It currently stands at 0.10. Daily volumes hit new ATHs every day, along with weekly and monthly records. It exceeded $1 billion in volume and $315M in fees in 24h.