According to Hypeflows data, based on the size of open contracts, Hyperliquid currently accounts for 10.2% of the global perpetual contract market (including all centralized trading platforms such as Binance, Bybit, OKX, etc.), which is slightly lower than the 10.4% share record set at the end of July. According to HTX market data, HYPE now reported $77.79, a 24-hour increase of 2.25%.
According to Coinglass data, Hyperliquid platform whales currently hold 6.617 billion US dollars, multi-order positions of US$3.195 billion, accounting for 48.28% of positions, and short positions of US$3.422 billion, accounting for 51.72% of holdings. Long orders profit and loss of $452 million, short orders profit and loss of -468 million US dollars. Among them, Giant Whale address 0x082e.. 88 is 5 times the full position and long HYPE at a price of 38.6755 US dollars. Currently, it has not achieved a profit or loss of US$566.955 million.
According to TradingBeats (formerly Hyperinsight) monitoring, a giant whale recently deposited about 4 million USDC into Hyperliquid and opened a HYPE long position. The address used 4x leverage to open 134,930 HYPE multiple orders, with a position value of approximately $10.7 million, an opening price of $81.64, and a liquidation price of $64.47. The current loss is $31.5 million. The giant whale address is: 0xa9d1c0fe2aa58038bac208ad390f69e7ce0c29a2
According to news, Duquesne Family Office founder Stanley Druckenmiller bought 4.1 million shares of high-performance computing company Bitdeer Technologies Group (BTDR) in the second quarter, with a position value of over $64.7 million, with an average purchase price of $12.26. The company produces cryptocurrency mining hardware and operates data centers in the US and beyond. Additionally, Druckenmiller bought 2.9 million shares of HYPE digital asset treasury company Hyperliquid Strategies (PURR), holding positions worth $23.1 million, and indirectly gained HYPE exposure. Hyperliquid Strategies aims to provide US and institutional investors with HYPE token-related investment channels. Druckenmiller's operation is similar to Jane Street and Citadel's increase in BTDR over the same period. Jane Street currently holds shares worth more than $112 million in BTDR. BlackRock, State Street, and Citadel also increased their PURR holdings in the second quarter; HYPE previously rose to record highs due to related compliance developments.
Comparative news, according to on-chain analyst Ember Monitoring, a giant whale held a long position that had carried orders for 4 months, with a maximum loss of 120 million US dollars. Half an hour ago, the giant whale closed a long position of 60,000 ETH at an average price of $2,514, making a profit of $14.88 million. Currently, it still holds 3,000 BTC long positions worth $235 million, and 60,000 ETH long positions worth US$151 million, with an unclosed position of US$47.45 million.
Comparative news, according to Arkham's monitoring, trader Machi Big Brother recently capitalized about 100,000 US dollars to about 9.5 million US dollars on the Hyperliquid perpetual contract account. The entire account increased nearly 100 times, making a profit of about 9 million US dollars in just two days. Last week, Machi Big Brother was still selling its last Bored Ape NFT to go long for ETH on Hyperliquid. Relevant data showed a rapid recovery in its trading performance.
According to the Web3 asset data platform RootData token unlock data, Hyperliquid (HYPE) will unlock about 9.92 million tokens worth about 800 million US dollars at 07:00 Beijing time on August 29.
Comparatively, according to a recent research report by the Hyperliquid Policy Center (HPC), perpetual contracts expanded hedging options and improved prices, and found no evidence of statistically significant damage to the benchmark futures market. According to the report, perpetual contracts and traditional futures with an expiration date complement each other, not a zero-sum alternative. The study compared 205 Bitcoin trading weekends and 19 on-chain crude oil perpetual (xyz:CL) sample weekends using the natural experiment of traditional market weekend closure and continuous perpetual market trading in the perpetual market. According to the report, due futures are forced to move positions according to the calendar. The rolling exposure cost of 10 million US dollars on Monday April 2026 is about 950,000 US dollars, and on Friday it is about 110,000 US dollars. There is no mandatory cost for perpetual positions; the median on-chain crude oil transaction during the non-trading period is about 1,300 US dollars, which is about 1% of the median benchmark WTI transaction. HPC also gave an example. For the week of March 6, 2026, crude oil was repriced 15.8% over the weekend, and the benchmark market was completely closed; if on-chain crude oil was permanently hedged, the $10 million position loss could be reduced from about $1.58 million to about $62,000 (after full cost).
Comparative news, according to Blockworks analyst Shaunda Devens, the Hyperliquid testnet has added compliance operation control functions such as whitelisting, forced liquidation, and collateral transfer. Currently, a node called Kraken HIP-3 test DEX is testing these licensing features and has whitelisted 10 wallets. Although the testnet supports unlicensed deployment, combined with Kraken's parent company's recent business expansion trends, the community speculates that Kraken may be the first CEX to test this compliant DEX feature.
Comparing news, the Hyperliquid Policy Center released the latest research report stating that perpetual contracts are an effective complement to traditional delivery futures. By analyzing weekend trading data for 205 bitcoins and 19 on-chain crude oil contracts, the report found that perpetual contracts eliminated mandatory rollover costs, lowered the crude oil transaction threshold to 1/100 of traditional WTI, and provided an accurate price discovery function during traditional market closures. The policy center also cites data to prove that the growth of the perpetual market has not caused significant statistical damage to the existing benchmark market.