Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
HYPE Hyperliquid expands ecosystem with HIP-4 proposal
Hyperliquid has adopted a new governance proposal called HIP-4 that aims to significantly expand its ecosystem. The agreement is committed to transforming from a platform that only provides perpetual contracts to an infrastructure that supports permission-free outcome markets. This development is considered a step worthy of attention for the cryptocurrency market and long-term cryptocurrency investors. In particular, the rise in HYPE pledge data indicates that investor confidence has begun to increase.
What will the HIP-4 proposal bring to Hyperliquid (HYPE)?
The HIP-4 proposal aims to allow developers to create new results markets on the Hyperliquid network without permission. In this way, the platform will no longer be just a developer of its own products, but will provide a comprehensive infrastructure that allows different developers to build applications. Developers starting a new market need to pledge 500,000 HYPEs. In addition, validator approved templates and a "forfeiture" mechanism to punish misconduct will also ensure system security. Varun Datta, CEO of Truth Ventures, believes that in the new era of digital finance, the most successful platforms are not those that develop the most products, but those that provide the infrastructure so that others can develop products.
Does HYPE pledge data show investor confidence?
Following the HIP-4 proposal, pledge activity in the HYPE ecosystem increased significantly. Online data shows that an investor who made a total profit of US$2.37 million from perpetual contracts chose to pledge 249,243 HYPE tokens worth approximately US$15.5 million. This move shows that the tendency to sell in the short term has weakened and the willingness to hold positions in the long term has increased. According to Dune Analytics data, the total amount of HYPEs pledged has reached approximately 438.7 million, accounting for 43.9% of the total supply. The overall pledge rate remained at around 44%, indicating that most users chose local validators. The increase in the number of pledged tokens reduces the circulation supply and also enhances network security. This is regarded as one of the important factors in supporting the token economy in the long term.
What does the derivatives market think of Hyperliquid (HYPE)?
The positive prospects for the Hyperliquid ecosystem are not limited to pledges. In the past 24 hours, open interest has exceeded US$11 billion, indicating continued investor interest. In addition, funding rates remain balanced and liquidation volumes are low, indicating that investors have not used excessive leverage when opening positions. This suggests that markets prefer controlled analysis rather than speculative trading.
Is Hyperliquid's long-term potential growing?
Increased revenue from the Hyperliquid ecosystem, growth in total locked value (TVL), and increased governance engagement suggest that the platform is growing not only through price fluctuations, but also through fundamental indicators. However, continued growth in the number of users and the successful implementation of updates such as HIP-4 are crucial to maintain the current upward trend. Experts believe that if this process goes smoothly, rising pledge rates, strong fundamental data and expanding application scenarios will help support the long-term value of HYPE tokens.
This content absolutely does not constitute investment advice. There are high risks in the market, so please do your own research before making an investment decision.
