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ARK Make investments CEO Cathie Wooden likened ”new child on the block” Hyperliquid to early-stage Solana.
“It’s thrilling,” Wooden stated on the Grasp Investor podcast. ”It jogs my memory of Solana within the earlier days, and Solana has confirmed its price and is, you already know, there with the large boys.”
ARK Make investments Nonetheless Ready To See How Hyperliquid Performs
Hyperliquid is a decentralized alternate (DEX) that was constructed by itself layer-1 blockchain community. Whereas the platform is optimized for perpetual futures and derivatives buying and selling, it does additionally provide help for spot and different buying and selling operations.
The platform splits execution into two fundamental parts. Order ebook operations comparable to matching, margin, liquidations, and so forth. are managed on HyperCore, whereas HyperEVM is the platform’s good contract and basic execution layer that interacts with the alternate’s core.
In February this yr, the good contract performance launched on the mainnet. Following this launch, Hyperliquid gained fast traction out there, with the platform processing $319 billion in perpetual buying and selling quantity in July alone.
By the center of this yr, Hyperliquid accounted for a big share of the DEX perpetual buying and selling market as nicely. In response to an Aug. 8 report by OAK Analysis, Hyperliquid’s share of the market climbed to greater than 80%.
That efficiency is probably going why Wooden says Hyperliquid reminds her of Solana’s early days. In the course of the interview, nonetheless, she didn’t disclose whether or not her agency has a place in Hyperliquid.
“Hyperliquid is the brand new child on the block,” she stated, including that her agency is “ready to see” how Hyperliquid’s efficiency out there performs out.
Following Wooden’s remarks, Hyperliquid’s native token HYPE has seen its value rise greater than 5% previously 24 hours to commerce at $46.87 as of three:23 a.m. EST, in accordance with knowledge from CoinMarketCap.
HYPE value chart (Supply: CoinMarketCap)
Hyperliquid Launches NFT Initiative Amid Ecosystem Volatility And Rising Competitors
As Wooden and ARK Make investments wait to see whether or not Hyperliquid can set up itself as a significant participant within the Web3 area, the challenge is going through rising competitors out there.
Just lately, a brand new DEX platform known as Aster, which is backed by Binance founder Changpeng Zhao (CZ), has began taking the market by storm.
On Sept. 21, Aster was even capable of outperform Hyperliquid in 24-hour quantity. Knowledge from DefiLlama confirmed that Aster facilitated roughly $793 million in transactions on the day. This was greater than the $462 million in volumes that happened on Hyperliquid throughout the identical interval.
Previously 24 hours, buying and selling volumes reached $14.13 billion throughout all the DEX platforms out there. Of this complete, Hyperliquid accounted for $639.83 million of the exercise. This ranks it because the fifth-most lively platform by way of 24-hour volumes.
In the meantime, Aster’s exercise has slumped all the way down to $206.69 million within the final buying and selling day, putting it at quantity twelve by way of 24-hour exercise, DefiLlama knowledge exhibits.
Amid the brand new competitors from Aster, Hyperliquid additionally noticed its Kinetiq Staked HYPE (HYPE) token briefly lose its peg between Sept. 24 and 27, in accordance with PeckShield.
#PeckShieldAlert Between Sept. 24–27, $kHYPE (@kinetiq_xyz Staked HYPE) briefly deviated from its peg, bottoming at 0.8802 towards $WHYPE.
The peg has since been restored. pic.twitter.com/XRa293gPvr
— PeckShieldAlert (@PeckShieldAlert) September 28, 2025
The peg has since been restored, the agency stated.
Over the weekend, a Hyperliquid-based lending protocol known as Hyperdrive additionally misplaced round $782K price of tokens following a sensible contract exploit.
The attacker was capable of drain two Hyperdrive swimming pools. These have been the Major USDT0 Market and the Treasury USDT Market. This incident is the third notable safety incident that has affected Hyperliquid’s layer-1 community.
Following the setbacks within the final week, Hyperliquid’s staff has launched a brand new group initiative to reward its backers. On Sunday, the challenge confirmed that it distributed 4,600 Hypurr NFTs (non-fungible tokens) on the HyperEVM.
The goal behind the initiative is to “share a memento with those that believed in and contributed early on to Hyperliquid’s development,” the challenge stated in an X publish.
4,313 of these NFTs went to buyers who participated within the challenge’s Genesis Occasion, whereas 144 of the digital property have been distributed to the Hyper Basis. One other 143 NFTs have been then despatched to core contributors, which embody Hyperliquid Labs, NFT artists, and different contributors, the staff stated within the X publish.
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