Fee revenue is flowing out in large volumes, while HYPE buybacks have notably weakened.

The potential “black swan” event for long HYPE positions is TradeXYZ's departure.

更早、更广的价格发现有价值，也有代价

Everyone is anxious at this stage, eyeing their own plate while watching what’s in the pot.

The integration of on-chain finance with traditional finance could usher in the largest cycle in crypto history.

Having Missed the World Cup, Hyperliquid Faces an Uphill Battle in Cultivating the Next Trade.xyz in Prediction Markets.

What are the most profitable tracks in a bear market?

Compliance, distribution, economic model, token structure… A multi-dimensional analysis of the positive catalysts converging on LIT.

Unknowingly, the profitability of on-chain TCG card games has already surpassed everything except Hyperliquid and pump.fun.

Ventuals Shuts Down: On-Chain Pre-IPOs for High-Profile Tech Stocks Are Not All Good Business.

Pre-IPO perpetual contracts sit at the intersection of two events that, until recently, were almost entirely closed off to most people. Now, the crypto track has pried open both doors.

How Much Does It Cost to Launch a HIP-3 Trading Platform?

The SK Hynix perpetual market on TradeXYZ demonstrated precise price discovery capabilities before the stock market opened.

Who is the on-chain Robinhood and Interactive Brokers?

Those who get in early can feast on the fattest portion of the meat.

Institutions are even more FOMO than retail investors, with a16z becoming the largest external holder.