Hyperliquid
HYPE- Analisado
- 15 de out. de 2026
- Motor
- v5.2.0
- Calculado
- 2026-10-15 05:23 UTC
- Hash de entradas
- 0f283c348900
Uma conta gratuita desbloqueia Hyperliquid por completo. Variação, cenário, sinal, fatores de risco, catalisadores.
Pesquisa, não constitui aconselhamento financeiro. Leia os termos.
Evidências dos pilares
Conjunto de dados 15 de out. de 2026. 9 fontes, 15 citações.Em inglês
Sustentabilidade87
Transparência80
Receita97
Inovação94
Comunidade94
Tokenomics74
Fontes
- 1hyperliquid.gitbook.io/hyperliquid-docs/about-hyperliquid/hyperliquid-101-for-non-crypto-audiencesCitado por Sustentabilidade, Receita, Comunidade
- 2hyperliquid.gitbook.io/hyperliquid-docs/hypercore/overviewCitado por Sustentabilidade, Inovação
- 3hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-3-builder-deployed-perpetualsCitado por Transparência, Inovação
- 4hyperliquid.gitbook.io/hyperliquid-docs/validators/running-a-validatorCitado por Transparência
- 5hyperliquid.gitbook.io/hyperliquid-docs/trading/feesCitado por Receita, Tokenomics
- 6hyperliquid.gitbook.io/hyperliquid-docs/for-developers/hyperevm/interacting-with-hypercoreCitado por Inovação
- 7hyperliquid.gitbook.io/hyperliquid-docs/hyperliquid-improvement-proposals-hips/hip-4-outcome-marketsCitado por Inovação
- 8hyperliquid.gitbook.io/hyperliquid-docs/trading/builder-codesCitado por Comunidade
- 9api.coingecko.com/api/v3/coins/hyperliquidCitado por Comunidade, Tokenomics
Sobre Hyperliquid
Análise de 15 de out. de 2026Em inglês Tradução pendente: esta análise é apresentada em inglês.
Hyperliquid is a Layer 1 blockchain built around the HyperCore on-chain order book and the general-purpose HyperEVM. HyperBFT consensus finalizes orders with 0.2-second median latency and 0.9-second 99th-percentile latency for co-located clients.
Visão geral completaMostrar menos
Mainnet execution processes roughly 200,000 orders per second across perpetual futures, spot books, and outcome contracts. Independent builders have earned over $65 million in revenue through on-chain builder codes according to project documentation.
HIP-3 opened permissionless perpetual market deployment to builders meeting staking rules, while HIP-4 added fully collateralized outcome markets. The native HYPE token has a 1 billion maximum supply and funds network staking, gas, and automated fee burns.
Tese de investimento
The investment case centers on direct fee capture from an active on-chain derivatives exchange rather than passive governance utility. Hyperliquid documentation states that over $1 billion in annualized trading fees flows into programmatic HYPE token buybacks.
Tese completaMostrar menos
The Assistance Fund at system address 0xfefefefefefefefefefefefefefefefefefefefe converts trading fees into HYPE during L1 execution and burns those tokens. CoinGecko recorded $6.97 billion in total value locked and a 955.31 million total supply after burns on October 15, 2026.
New primitives like HIP-3 builder perpetuals and HIP-4 daily binary BTC outcome contracts widen the fee base beyond validator markets. Supply overhang remains the primary risk for holders.
Only 222.45 million HYPE circulated on October 15, 2026 against the 1 billion cap, leaving 77.8% of maximum supply uncirculated. ACCUMULATE suits investors who want verifiable exchange cash flows and can stomach unlock dilution and drawdown volatility.
Pontos fortes
- HyperCore keeps order matching and margin state on-chain with 0.2-second median latency and capacity for 200,000 orders per second
- Over $1 billion in annualized trading fees goes toward programmatic HYPE purchases and automated Assistance Fund token burns
- Independent teams generated over $65 million in revenue through on-chain builder codes, while network TVL reached $6.97 billion on October 15, 2026
- HIP-3 permissionless perpetuals and HIP-4 fully collateralized outcome markets expand trading beyond validator-operated crypto contracts
- HyperEVM applications read and write HyperCore state through precompiles and CoreWriter, connecting lending and DeFi tools directly to order books
Riscos
- Only 222.45 million HYPE circulated on October 15, 2026 against a 1 billion maximum supply, creating a 77.8% supply overhang
- HYPE dropped 18.7% from its September 23, 2026 all-time high of $97.96 to $79.66 on October 15, 2026
- Fee revenue and Assistance Fund burns depend on perpetuals volume, which can contract during low-volatility periods or fee compression
- HIP-3 market deployers control custom oracle and contract rules, exposing traders to oracle manipulation or settlement failures in third-party markets
- Jurisdictional blocks on the Foundation delegation program and tightening global derivatives rules can restrict user access and institutional onboarding
Posição competitiva
Hyperliquid competes with centralized derivatives exchanges and on-chain perpetual venues including dYdX, GMX, Aevo, and Drift. Vertical integration across HyperBFT consensus, on-chain order books, clearinghouse margining, and HyperEVM sets the network apart from app-specific rollups.
Posição completaMostrar menos
HIP-3 builder perpetuals and HIP-4 outcome contracts let third-party teams launch new derivatives without fragmenting margin across separate chains. Centralized exchanges still hold deeper fiat ramps, while rival DEXs continue cutting taker fees to win order flow.
Conclusão
ACCUMULATE fits investors seeking verified exchange cash flows who can tolerate a 77.8% uncirculated supply overhang. The 8.8/10 displayed STRICT score pairs top-tier revenue and HyperCore execution against a 7.4 tokenomics score on October 15, 2026.
Conclusão completaMostrar menos
Size positions on drawdowns rather than chasing rallies near the $97.96 September 2026 peak. Upgrade toward BUY only if circulating supply crosses 30% of the 1 billion cap while annualized fee buybacks stay above $1 billion.