The digital asset manager says Hyperliquid is emerging as a blockchain-based financial infrastructure platform with the potential to expand beyond crypto trading and challenge parts of traditional derivatives and exchange markets.

Grayscale Research cast Hyperliquid as a standout DeFi contender with potential to scale into a major on-chain financial services platform. Its report

Earlier this month, 21Shares and Bitwise Investments became the first firms to launch HYPE-based exchange-traded funds.

Hyperliquid's rise pressures traditional exchanges to innovate, potentially reshaping trading hours and market dynamics globally.

The digital asset manager says Hyperliquid is emerging as a blockchain-based financial infrastructure platform with the potential to expand beyond crypto trading and challenge…

HYPE token reaches the top 10 by market cap, driven by Hyperliquid's $1.16B in revenue, aggressive buybacks, and $190B in monthly trading volume.

Grayscale’s Hyperliquid ETF launch is “likely imminent” after the asset manager set the ticker and fee for its proposed product in an amended regulatory filing, an analyst says.