21Shares, an asset manager based in Switzerland and issuer of products criticized by Crypto Exchange (ETPs), has listed the hyperlycide ETP in the six Swiss exchanges. The product gives investors exposure to hyperlichid token without the need for wallets or chain custody.
On a Friday advertisementThe company described Hyperliquid as one of the main places for decentralized derivatives, claiming that it processes more than $ 8 billion in daily volume, with $ 2 billion in operations since its launch of 2023, and approximately 80% of the total activity of total decentralized perpetuals.
The list, which marks the first institutional degree product that offers exposure to the hyperlichid protocol, occurs a few days after high of $ 50.99.
https://www.youtube.com/watch?v=ly-sjgrakrs
Mandy Chiu, head of Financial Products Development in 21Shares, said that “Hyperliquid’s growth has been extraordinary, and the underlying economy is among the most convincing we have seen in space.”
Founded in 2018, 21Shares has a history of launching regulated cryptographic products, including the first ETP crypt with physical backup. It offers funds exchanged with Bitcoin and Ether (ETF) exchange in the USA, together with a cryptography ETP set in Europe ranging from single -asset products such as Solana (Sun) and Dogecoin (DEGE) to diversified baskets and bets centered on bets.
Related: Hyperliquid reimburses $ 2 million to cryptography merchants after API interruption
The emergence of hyperlichid
Hyperliquid, released at the end of 2022, is a layer 1 block chain with a decentralized exchange for perpetual futures. Unlike most defi platforms that use automated market manufacturers, execute a traditional ONcha book book that coincides with purchase orders and sells directly, which eliminates operations below a second without external oracles or infrastructure outside the chain.
Users connect through wallets to place spot or perpetual orders, which are native. Commercial rates are channeled in daily repurchases of the token of bass drum, the native asset of the protocol.
That model has fed rapid growth, with hyperlylic configuration records in commercial volume, income and user activity in recent months.
In July, the exchange processed $ 319 billion in operations, the highest monthly volume in history for a defi perpetual platform, helping to boost the total decentralized decentralized volume to almost $ 487 billion, by Mandiler. He also captured 35% of all Blockchain’s income that month, according to Vaneck shares, at the expense of the Solana, Ethereum and BNB chain.
The platform arose as the seventh exchange of larger derivatives in general due to daily activity, exceeding 600,000 users registered in July. While a 37 -minute interruption on July 29, temporarily marginalized merchants, Hyperliquid reimbursed $ 2 million in losses, which praised their community for the rapid response.
However, concerns about the integrity of the Hyperliquid market emerged on Wednesday, when four large merchants pocketed almost $ 48 million in suspicion of token xple manipulation of plasma. Token briefly increased 200% to $ 1.80 before smaller merchants absorbed large losses.
Even so, optimism around the long -term trajectory of the protocol continues to build. Speaking at the Webx 2025 conference in Tokyo, the co -founder of Bitmex, Arthur Hayes, known for his bold market calls and sometimes controversial, told an audience that he expects the native token of the platform to increase 126 times in the next three years, citing the expansion of the Nasgas and the increase in the rate of exchanges.
Magazine: Tradfi is building Ethereum L2s to Tokenizar Billones in RWAS – Inside Story
