Hyperliquid users now need to keep an eye on the latest developments in Iran's Strait of Hormuz, while DeFi OGs are using on-chain derivatives to hedge against war risks.

Hyperliquid plans to introduce a permissionless token issuance auction system, Hy-CO, fundamentally rewriting the rules for on-chain IPOs.

A $100,000 bet, and an opponent who isn't present.

Given the premise of mNAV premium and genuine liquidity, ATM issuance allows firepower to expand dynamically with trading volume, rather than being consumed linearly.

With HYPE's unstoppable momentum and HIP-4 taking the stage by storm, Hyperliquid is currently basking in the spotlight. However, a long-dormant competitor has suddenly emerged, brandishing a patent.

This guide covers 8 leading Perp DEXs with active points programs that are worth farming, along with proven strategies and tools.

"Poor man's gold" has surged 517% in 8 years, outperforming Bitcoin and gold.

Keep farming through the bear market, and you'll own an ocean-view villa in the bull market.

If spot trading was the starting point of DeFi, then perpetual contracts are becoming its true "cash flow core."

Good news: Trove once claimed on its official website to comply with the EU's MiCA regulations; the bad news is, the team members appear to be from Iran.

This Fortune feature delves into how Harvard graduate founder Jeff Yan is challenging traditional financial giants with an extreme pursuit of technology, attempting to build the "AWS for Finance."

How to Seize the Next Alpha Opportunity in Perp DEX

The built-in oracle constraints currently hinder HIP-3's support for certain fast-fluctuating markets.

On-chain liquidity has somewhat recovered, it's time to put stablecoins back to work.

In 2025, Solana's on-chain spot trading volume reached $1.6 trillion, surpassing all CEXs except Binance.

Integrating third-party Perps is mostly a low-ROI deal.