Skip to content
- 21Shares launches the first ETP tied to Hyperliquid on the SIX Swiss Exchange.
- Hyperliquid has processed over $2.07 trillion in trading volume since 2023.
- The protocol accounts for 80% of decentralized perpetuals with daily volumes above $8 billion.
21Shares has introduced the 21Shares Hyperliquid ETP (Ticker: HYPE) on the SIX Swiss Exchange. The launch provides institutional investors with direct exposure to Hyperliquid, a decentralized exchange that has gained strong traction in the crypto derivatives market.
Via this product, investors can benefit from the growing universe of blockchain-native trading in a convenient, regulated manner. The ETP charges a fee of 2.50% and has the ISIN code CH1471826029. This is yet another first for 21Shares, which has already become one of the world’s leading issuers of cryptocurrency exchange-traded products.
21 Shares Points to Fully On-Chain Operations of Hyperliquid
Hyperliquid has emerged as one of the large players in decentralized perpetuals since it was first introduced in 2023. Figures show that already, it has processed more than $2.07 trillion in aggregate volumes. Daily, it is now processing more than $8 billion in trades, representing 80% of the market in decentralized perpetuals.
The protocol integrates trading and blockchain as well as application construction in one platform. Its end-to-end approach makes it superior when considering efficiency as well as reliability. Through the removal of off-chain matching engines or external oracles, Hyperliquid retains all functions on-chain.
Its architecture allows rapid onboarding and high liquidity while still giving users an experience similar to that of centralized exchanges. Strategic integration, like that with the Phantom wallet, has also enabled wider reach and use. Developers can build within its platform through HyperEVM, a platform capable of supporting high-performance applications.
Hyperliquid’s Model Reshapes Market Infrastructure
Hyperliquid also has a unique financial model. The platform directs more than 95% of protocol revenues into daily purchases of tokens. This has already topped $1 billion, a figure none of their competition has hit.
Earning over $56 million in revenue in one month, the protocol finances its operation without venture capital. The protocol opted to give 76% of the token allocation to the community. Team tokens are vested until 2028 to guarantee long-term alignment. The arrangement cements confidence and shows decentralization focus.
Hyperliquid’s rapid scaling showcases the transformative capability that blockchain-enabled infrastructure possesses to redefine world markets. Its vertically integrated approach is reminiscent of that utilized to redefine the exchange-traded funds in conventional finance, achieving scale through long-term thinking.
Related Reading: Bitcoin on the Edge: Break Through $115K or Risk a Sharp Breakdown?
