everything in one place crypto, perps, stocks, commodities, predictions, yield, and DeFi one platform one account onchain the future is on DEX

DEX never touches your wallet, keys, or funds Every account is created through @privy_io at signup. The keys live on your device, not on our servers Unlike a CEX, chain, or stablecoin issuer, we can't freeze your account Not your keys, not your crypto. On DEX, you own everything

$70B in retail orders chasing an allocation most won't get SPCX perps are live on DEX No allocation, or waiting for the bell Trade SpaceX from the same account that holds your USDC, perps, and predictions The future is on DEX

everyone else makes you choose a perps app a stocks app a prediction market a wallet to hold it all we put the whole thing in one account 0% fees as volume grows and every trade earns you rewards trade everything, own everything

we’ve been quiet not because we stopped because we’ve been building the front door to onchain finance DEX is going live soon one account for crypto, perps, stocks, commodities, prediction markets, yield, and DeFi

Hyperliquid Annual Report 2025 Today, we're excited to release Hyperliquid's 2025 Annual Report. What Hyperliquid, the core team, and hundreds of contributors have built this year is largely unprecedented in financial history. This report is our attempt to capture that extraordinary year with the rigor it deserves. A few months ago, we created HRC because we felt a clear need to reduce information asymmetry and lower entry barriers for new participants through independent research. We hope this report helps do exactly that. For us, it is a privilege to be part of this ecosystem and to have produced this work. Months of research, data work, debate, and collaboration across Four Pillars, GLC, and all our contributors went into every page. It means a lot to share it today, so please, let us know what you think and how we can improve the reporting going forward. Enjoy the read. Some excerpts below, with the link to the full PDF. Hyperliquid.

The "Early Bird" sign-up window was meant to close at 48 hours, but we had a brief outage, and the DMs haven’t stopped since We’re adding 6 bonus hours for everyone who missed it 200,000 signed up already Be an early bird and claim your #DEX username early.dex.org