The 21shares, a Switzerland -based asset manager and provided products exchanged by the Crypto Exchange (ETP), listed the Hyperliquid ETP in six Swiss exchanges. The product provides exposure to investors in the hyperliquid token without the need for wallets or onchain care.
On a Friday announcementThe company described Hyperliquid as one of the major areas for decentralized derivatives, claiming it processing more than $ 8 billion in the sun -day volume, with $ 2 trillion in trade since the launch of 2023, and approximately 80% of the total decentralized activity ongoing activity.
The list, which marks the first product of the institutional grade that offers exposure to the hyperliquid protocol, only comes days after the hype (hype) of Hyperliquid (Hype) High of $ 50.99.
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Mandy Chiu, the leader of the financial product development in 21shares, said “Hyperliquid growth has no shortage of rare, and the underlying economy is among the most compelling we have seen in space.”
Established in 2018, the 21shares had a track record of launching regulated crypto products, including the first physical -back Crypto ETP. It offers spot bitcoin and ether exchange exchanged funds (ETF) in the US, in conjunction with a suite of Crypto ETPs in Europe derived from single asset products like Solana (Sol) and dogecoin (Doge) in various baskets and funds focused on staking.
Related: Hyperliquid reduces $ 2m to crypto entrepreneurs after API -outage
The increase of hyperliquid
Hyperliquid, launched in late 2022, is a layer-1 blockchain with a Decentralized exchange for eternal futures. Unlike most defi platforms using automatic market-producing, it runs a traditional onchain order book that matches the purchase and sale of orders directly, clearing trading under one second without the outs of the oracle or off-chain infrastructure.
Users connect through purses to place the area or eternal orders, which live in the native onchain. Trade fees are triggered by the day -to -day purchase of the hype token, the native asset of the protocol.
That model has fastened a rapid growth, with hyperliquid setting notes in the amount of trade, income and user activity over the past few months.
In July, the Exchange processes $ 319 billion in trade. Delete. It also obtained 35% of all blockchain income that month, said a Vaneck sharing analyst to arrive at the expense of Solana, Ethereum and BNB chain.
The platform has emerged as the seventh-largest largest derivatives to be overshadowed by daily activity, which is more than 600,000 registered users in July. While a 37-minute outflow of July 29 temporarily sidelined merchants, Hyperliquid Reimbursed $ 2 million in lossesdrawing praise from its community for a quick response.
However, concerns about integrity in the Hyperliquid market appeared on Wednesday, when four large entrepreneurs pocketed almost $ 48 million in suspected manipulation of XPL token of plasma. The token briefly spurned 200% to $ 1.80 before smaller entrepreneurs absorb large losses.
However, optimizing around the long-term protocol trajectory continues to build. Speaking at the WebX 2025 conference in Tokyo, Bitmex co-founder Arthur Hayes, known to his brave and sometimes controversial market calls, told an audience that he expects the native platform token that that rise 126-fold in the next three yearsciting the expansion of stablecoins and the revenue of exchange charges.
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