$HYPE (+0.34%) (Hyperliquid) is a decentralized trading platform for perpetual futures (derivatives without a fixed maturity date that allow investors to speculate on price movements). The platform has achieved a clear product-market fit and is already generating significant turnover in relation to its valuation.
The business model is immediately value accretive for token holders, as 99% of protocol revenue from trading fees is used to buy back the native token. This reduces the circulating supply, which can support the token value.
The HIP-3 update also introduced the trading of tokenized shares - securities that are digitally represented on the blockchain. These are already recording solid trading volumes and extend the platform's value proposition beyond pure derivatives.
Hyperliquid is thus positioning itself as a revenue-generating blockchain application with considerable scaling potential, especially if other protocols adopt similar models. Investment is not only possible directly via the token, but also indirectly via exchange-traded products (ETPs) offered by specialized digital asset managers such as CoinShares - comparable to investments in Bitcoin or Ethereum.
You can invest in Hyperliquid via the following ticker $LIQD
