Bitcoin24h $94,489.27-1.48%

Ethereum24h $3,263.76-1.93%

BNB24h $926.04-0.69%

XRP24h $2.04-2.28%

Solana24h $140.81-1.17%

TRON24h $0.3060-0.48%

Dogecoin24h $0.1358-3.95%

Cardano24h $0.3824-3.91%

Monero24h $693.94-1.30%

Bitcoin Cash24h $599.73+0.15%

Hyperliquid growth driven by leveraged degeneracy, trade sharing

Hyperliquid, a leveraged crypto exchange, has popularized copytrading and leaderboard-based trading contests to gain market share.

Did Binance enable JELLYJELLY leveraged trade against Hyperliquid?

A bizarre and enthralling trade involving Binance and the JELLYJELLY memecoin could have liquidated Hyperliquid today.

Tether FUD, a trader on the Hyperliquid perpetual futures exchange trader, took on 40X leverage to bet that bitcoin’s price would crash.

Crypto influencers like Rektober and Sifu are actively losing users’ money via hedge fund-like HyperLiquid vaults.

HyperLiquid has responded to an increasing velocity of criticisms about its code, token supply, and validator centralization.