2023
Built by traders, for traders
Hyperliquid launches as a perpetuals DEX with no VCs and no gatekeepers, just an order book fast enough to rival centralized exchanges.
Hyperliquid Research Collective
AllAbout
Institutional-grade research that gives investors worldwide a clear, transparent view of Hyperliquid's financial performance.
Supported by partners across the ecosystem
The Ascent
How Hyperliquid becameimpossible to ignore
2024
A chain, and a community that owns it
HyperEVM and the HYPE token arrive through one of the largest community-first distributions in crypto. The people who used it became the people who own it.
2025
Dominance, and a value engine
Hyperliquid becomes the leading perp DEX while its buyback mechanism compounds protocol revenue back into HYPE, the clearest example of value accrual the industry has produced.
2026
Wall Street takes notice
HYPE-focused digital asset treasury companies begin trading on Nasdaq and institutional capital starts paying attention, bringing TradFi-grade scrutiny to an onchain protocol.
Why HRC
Hyperliquid has rapidly evolved from a Perp DEX
into the most successful protocol in crypto.
Digital asset treasuries (DATs) now trade on Nasdaq.
A distinctive buyback mechanism is reshaping tokenomics.
Institutional attention is growing worldwide.
Yet the ecosystem still lacks
the TradFi-style coverage serious investors expect.
The Hyperliquid Research Collective was built to meet that demand.
We give investors worldwide a clear, transparent view
of Hyperliquid's financial performance.
Featured research
The work speaks first
HPC Urges the European Commission to Build on the EU’s Existing Rules for Onchain Markets
HPC's first filing outside the US asks the European Commission to put perpetual futures under MiFID II and to accept onchain verifiability as a way to meet EU transparency rules.
Oct 1, 2026Read Research →
Hyperliquid
Permissionless Deployment Triples HIP-4 Volume, With Permission the Remaining Constraint
Hyperliquid opened its prediction market layer to third-party venues on August 29 and daily volume tripled to a trailing $2.75 million. Deployment is now permissionless on-chain. Market access is not, on three separate regulatory tracks.
Sep 3, 2026
Regulation
Perpetual Contracts Belong at the Center of the CFTC's Innovation Agenda
HPC submitted a statement to the CFTC's Innovation Advisory Committee today: perpetual contracts are central to the innovation agenda, serve real-world hedging needs, and are already onshoring under the Commission's 2026 policy moves. $500B+ in notional volume on Hyperliquid alone says the demand is already here.
Aug 27, 2026
Financials
HYPE Regulatory Overhang Is Gone: Onwards and Upwards
Yesterday Trump named Hyperliquid directly from the White House: Selig at the CFTC is working to bring it into the US, fully compliant and legal. That single sentence removes the biggest overhang standing between HYPE and its full thesis playing out: access to the largest capital market on earth. The fundamentals were already strong. Now the ceiling just got a lot higher. Here's why.
Aug 20, 2026
What we cover
Research,the way institutions read it
Institutional-grade reports on a single ecosystem, from headline financials down to the onchain mechanics that drive them.
Events
Korea Blockchain Week 2026
Hyperliquid Community Dinner Seoul
An invitation-only dinner during Korea Blockchain Week, bringing together Hyperliquid builders, traders and researchers from Korea and the wider ecosystem, followed by a community mingle over drinks.
When
2026.09.28, 18:30 to 22:00
Where
Seoul, South Korea
Hosted by
HypurrCorea and Hyperliquid KR
Past Event
Inaugural Meetup
All About Hyperliquid
Our first Seoul meetup, bringing together local Hyperliquid enthusiasts, builders and investors.
When
2026.04.15, 19:00 to 21:00
Where
Seoul, South Korea
Speaker
Ponyo / GLC / Heechang / Hyunsu Jung / Tena Jo / Jeongho
Past Event
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FAQ
Questions, answered
HRC is the research hub for Hyperliquid, built to meet the demand for TradFi-style coverage of the ecosystem. We help investors worldwide understand Hyperliquid's financial performance with clarity and transparency.