Overview
- Cathie Wood called Hyperliquid the “new kid on the block” on the Master Investor podcast and said its trajectory reminds her of Solana’s early phase.
- Hyperliquid’s token rebounded over the past day to roughly $46.9, according to CoinMarketCap, after pulling back from an early-September all-time high near $59 and breaking a rising-wedge pattern flagged by analysts.
- Institutional interest continues to build, with VanEck saying it participates in Hyperliquid governance and research, and Bitwise previously filing for a spot Hyperliquid ETF.
- Rival Aster briefly topped Hyperliquid’s daily volume on Sept. 21 ($793 million versus $462 million), while latest DefiLlama readings show Hyperliquid at about $639.8 million in 24-hour volume and Aster near $206.7 million.
- Recent ecosystem notes include a temporary depeg in Kinetiq’s staked HYPE that has been restored, a roughly $782,000 exploit at the Hyperdrive lending protocol, and a drop of 4,600 Hypurr NFTs to early HyperEVM participants.