A quick overview of the popular projects in the Hyperliquid ecosystem

Orijinal | Odaily Planet Daily ( @OdailyChina )

Yazar | Asher ( @Asher_0210 )

HyperSwap: Hyperliquid Ecosystem Head DEX

HyperSwap is the native DEX of the Hyperliquid ecosystem. Its current TVL is nearly 80 million US dollars, and its daily trading volume is between 50 and 60 million US dollars. Its product vision is to introduce the essence of DeFi into the HyperEVM chain and provide ecosystem users with efficient and permissionless tools.

Currently, HyperSwap is still conducting points activities, including HyperSwap points and loyalty points. Users can participate in the LP activity points reward Bo Future token airdrop on the platform.

Kittenswap: Hyperliquid Ecosystem Head DEX

Kittenswap is the leading DEX in the Hyperliquid ecosystem, with a current TVL of over $30 million and a daily trading volume of $10 to 20 million. Users can provide token liquidity on the platform to obtain corresponding points rewards and bet on future token airdrops. In order to encourage user participation, Kittenswap officially plans to increase the token airdrop ratio from 30% to 35%.

Points activity diagram

At present, the Kittenswap points activity has ended, and other points-related activities may be announced in the near future, which is worth paying attention to.

Unit: Hyperliquid Ecosystem Cross-Chain Project

Unit is a cross-chain project on Hyperliquid that supports seamless storage and access of multiple assets. Currently, it supports the flow of kripto assets such as BTC, ETH, SOL, and FARTCOIN between Hyperliquid and its native blockchain. Using Unit, Hyperliquid users can:

• Deposit BTC, ETH, SOL, FARTCOIN directly from your personal wallet or exchange account to Hyperliquid;

• trade, transfer or otherwise exploit these principal assets as well as existing assets on Hyperliquid鈥檚 spot order book;

• Withdraw assets directly to an address on the corresponding asset鈥檚 native blockchain.

According to community feedback, Unit may issue tokens in the coming months, so users can deposit and withdraw BTC, ETH, SOL, and FARTCOIN on its platform, or trade these four assets on Hyperliquid.

Felix: Hyperliquid Ecosystem Head DeFi Project

Felix is a DeFi protocol deployed on Hyperliquid L1, dedicated to providing users with a safe, low-friction, and risk-controlled way to release liquidity and obtain returns. The platform currently provides two core functional modules:

• CDP market: This is a lending system designed based on the Liquity v2 architecture. Users can mint the platforms native stablecoin feUSD by using collateral assets (such as BTC, HYPE). This market forms a stable currency market by aggregating feUSD borrowers and stable pool depositors;

• Vanilla market: This is a market that matches asset lenders and mortgage borrowers in real time. Unlike the CDP module, the Vanilla market does not have a fixed interest rate and does not provide a redemption mechanism. The lending rate is automatically adjusted by the capital utilization rate, and it is more market-oriented.

Currently, Felix is carrying out a points incentive activity. Users can not only earn points by minting feUSD stablecoins through mortgage assets, but also deposit feUSD into the platforms stable pool to earn extra points for future airdrops or other reward mechanisms.

HypurrFi: Hyperliquid Ecosystem鈥檚 Leading DeFi Project

HypurrFi is a platform that focuses on providing decentralized financial lending and yield value-added services. HypurrFi allows users to deposit native Hyperliquid assets and borrow USDXL to obtain leveraged returns. The main functions of its application include stable returns, staking assets to earn returns, lending and recycling operations, etc. It is committed to stabilizing volatile returns into the stablecoin USDXL backed by UST. The current annual interest rate for USDXL borrowing on the platform is 16.18%.

The specific ways to participate in HypurrFi interaction are as follows:

• Collateralized lending: Use assets such as HYPE as collateral to lend the platforms stablecoin USDXL. Pay close attention to the health of the account to avoid liquidation due to a low collateral ratio;

• Vault deposit: Depositing USDXL in the vault not only earns stable returns, but also accumulates HypurrFi points for future rewards or event redemption;

• Trading participation: Performing token exchange or other trading operations on the HypurrFi platform will help increase the on-chain activity of your personal account;

• Cross-chain interaction: Supports transferring assets from other chains to the platform through HypurrFi鈥檚 cross-chain bridge, allowing you to participate in more ecological gameplay.

HyperLend: Hyperliquid Ecosystem Head DeFi Project

HyperLend is a lending protocol in the Hyperliquid ecosystem. Its current TVL has exceeded 300 million USD, making it the second largest protocol in the entire HyperEVM ecosystem after Hyperliquid. The current ways to participate in the interaction are:

• Participate in platform lending: Deposit assets such as BTC, ETH or HYPE to provide liquidity for the platform, and receive annualized returns and points rewards;

• Get rebates by inviting friends: Invite friends through invitation codes to get not only rebates but also invitation points.

Drip.Trade: Hyperliquid Ecosystem NFT Pazar

Drip.Trade is the Hyperliquid ecosystem NFT market. Drip.Trade covers the entire process of NFT services in the Hyperliquid ecosystem, from issuance to trading. Currently, almost all NFT projects in the Hyperliquid ecosystem are released through this platform. The current ways to participate in the interaction are:

• Buy and sell NFT'ler to increase trading volume: Use HYPE tokens to buy and sell popular NFTs on Drip.Trade to increase trading volume;

• Hold the official NFT to bet on airdrops: Hypers is the official NFT of Drip.Trade. The current floor price of Hypers NFT is 4.6 HYPE, and the number of NFTs is 8888.

Hypers NFT Collection

In addition, the higher the loyalty, the more points will be added, up to 100%. When a user has 100% loyalty and a transaction record of 25 HYPEs, he can sign in on the platform every day and play the roulette game to earn more points.

This article is sourced from the internet: A quick overview of the popular projects in the Hyperliquid ecosystem

Related: The “reciprocal tariff war” has entered the third stage, crypto assets have rebounded across the board, and BTC may quic

The information, opinions and judgments on markets, projects, currencies, etc. mentioned in this report are for reference only and do not constitute any investment advice. Since March, the reciprocal tariff war has become the most core factor affecting the global financial market, including the crypto market. With the progress and degree of the reciprocal tariff war as the main parameters, and the changes in asset allocation preferences, consumer confidence, economic and employment expectations and even corporate profitability caused by the reciprocal tariff war as secondary parameters, predicting or observing the changes in these parameters has become the main way of market transactions. This week, with the United States and Britain reaching a preliminary tariff agreement, the United States and China successfully completed their first contact, and the reciprocal tariff war…