What is Hyperliquid?

Hyperliquid is a blockchain-based platform described as a ‘super app’ targeting the global asset market, not just crypto. It processes high transaction volumes on Ethereum and uses fee revenue to buy back and burn its native token, HYPE.

• May 2026 - Ryan Sean Adams said Hyperliquid is a super app targeting the $600 trillion global asset market, not just the $3 trillion crypto economy.
• May 2026 - Ryan Sean Adams said Hyperliquid takes 10% of fees from an ETF to buy and hold HYPE on its balance sheet.
• May 2026 - Ryan Sean Adams said a proposal would result in $450,000 of HYPE bought and burnt daily.
• Jun 2026 - Will Price said Hyperliquid processed over 10,000 transactions per second on Ethereum while using only about 1% of blob space.
• Jun 2026 - Will Price said Hyperliquid bought back twice the percentage of its supply over the past month compared to other projects.