Hyperliquid is already touching the threshold of crude oil pricing power.

Approximately 0.35 tokens per point for the airdrop, with market consensus expecting an opening FDV in the range of $100 million to $200 million.

Facing accusations of "insider trading," the official team chose to disable comments on X and began deleting posts and banning users on Telegram and Discord.

While HIP-3 decisively ended the melee among Perp DEXs, HIP-4 is envisioning an even grander blueprint.

Aster Perp DEX users are essentially Aster Chain users, which is the significant advantage of having users and revenue before launching the mainnet.

Over 100x growth in 6 months.

In an era of accelerated AI development, if financial systems are not upgraded to an on-chain, programmable, and open architecture, there will be no place for humans in the future financial world.

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."