At Binance's current four-hour rate, the same position would cost about 467 Tether (USDT); Hyperliquid's contract rose 16.77% in 24 hours.
Yan said Americans who use a VPN to reach Hyperliquid violate its terms. He also pointed to a public balance check that he said could help regulators recognize on-chain technology's benefits.
The platform repurchased and burned about 11,340 HYPE at an average price of $78.55. Estimated fees over the same period were $764,900.
A Sunday snapshot showed PAPER at $0.012 and about $30,000 in open interest.
Hyperliquid tests new order priority fee rules, introducing a 10 HYPE delegation threshold and tighter transaction processing requirements.
A recent liquidation nearly wiped out a $250,000 USD Coin (USDC) deposit made two days earlier.
Shorts made up 53.37% of $8.061 billion in positions. One 5x Ether short showed an $8.8801 million unrealized loss.
Pump.fun has expanded beyond its Solana meme coin business, introducing perpetual futures trading powered by Hyperliquid. The new interface offers leveraged cryptocurrency trading while charging builder fees of up to 0.10% per order and bridge fees reaching 0.25%.
Will PUMP reverse its October pullback ahead of likely perps-driven revenue?
TL;DR: Ripple Prime is offering eligible institutional clients exposure to perpetual derivatives referencing traditional assets through infrastructure connected to Hyperliquid. The service extends Ripple's reach beyond cryptocurrency payments.
PUMP rises 3.92% as Pump.fun launches leveraged Bitcoin and Ethereum trading through Hyperliquid.
HIP-3 requires a 500,000 HYPE stake to launch one mainnet perpetual DEX; the Foundation's interface terms exclude U.S. persons.