Hyperliquid is the official account for Hyperliquid, a Layer 1 blockchain and fully on-chain perpetual futures and spot DEX protocol, affiliated with Hyperliquid Labs and the Hyper Foundation. The project was founded by Jeff Yan, with iliensinc as co-founder. Hyperliquid's Twitter Score is 593 out of 1000 (an Excellent rating) as of July 2026, ranking it #198 out of 398,639 accounts tracked on this platform. Hyperliquid ranks #198 (top 0.1%) out of 390,000+ tracked accounts on TwitterScore.
Hyperliquid was built without any external investment, funded entirely from profits generated by Jeff Yan's crypto market-making firm Chameleon Trading, with the project explicitly rejecting all venture capital funding on the basis that a credibly neutral platform cannot have insiders with privileged allocations. Its closed alpha mainnet launched in February 2023 and reached full mainnet in August 2023, with the collapse of FTX cited as the catalyst to build a high-performance, self-custodial trading platform. The protocol runs on a custom HyperBFT consensus algorithm, achieving over 200,000 TPS with approximately 0.07-second finality, and is structured around HyperCore (fully on-chain perpetuals and spot order books) and HyperEVM (EVM-compatible smart contract layer), both sharing one consensus and validator set.
Hyperliquid launched the HYPE token on November 29, 2024, with a Genesis Airdrop of approximately 310 million tokens, roughly 31% of a 1 billion total supply, distributed to over 90,000 users and valued at approximately $1.2 billion at the time of distribution. Approximately 97% of trading fees fund open-market buybacks of HYPE, and native staking was introduced on December 30, 2024, allowing stakers to earn HYPE and USDC rewards from transaction fees. As of August 2025, the protocol's team of approximately 11 people generated over $900 million in annual profits with no external investors.
Hyperliquid has been the subject of several notable controversies and regulatory developments. In December 2024, MetaMask security researcher Taylor Monahan alleged that wallets linked to North Korean hackers were trading on the platform and potentially testing vulnerabilities, triggering over $256 million in platform outflows within approximately 30 hours; Hyperliquid Labs denied any exploit, stating all user funds remained accounted for. On March 26, 2025, a market manipulation attack targeted the JELLY memecoin: attackers took a $4.1 million short while coordinated accounts took opposing longs and pumped the JELLY spot price approximately 250%, leaving the HLP vault down approximately $13.5 million; validators unanimously voted to delist JELLY and force-settle all positions at $0.0095, a move that drew centralization criticism from Bitget CEO Gracy Chen and on-chain investigator ZachXBT. On May 5, 2026, the UK Financial Conduct Authority issued an official warning against Hyperliquid and the Hyper Foundation, flagging them as unauthorized firms potentially targeting British consumers without FCA authorization to offer or promote financial services.
Hyperliquid has expanded its product suite with several protocol upgrades. HIP-3, enabling tokenized stocks and commodities perpetual futures on HyperCore, launched on October 13, 2025, generating nearly $800 million in daily trading volume by early 2026, with open interest reaching $1.43 billion in March 2026. HIP-4, a prediction and outcome market contract product analogous to Kalshi and Polymarket, launched on May 2, 2026. The Hyper Foundation selected Native Markets over competing bids from Ethena, Paxos, and Sky to provide USDH, a Hyperliquid-aligned stablecoin that launched in September 2025 and reached approximately $21.4 million in market capitalization as of early 2026. In May 2026, Bitwise and 21Shares filed for HYPE exchange-traded funds with the SEC, with 21Shares anticipating its fund to list on the Nasdaq Stock Market and planning to stake a portion of its HYPE holdings. Also in May 2026, Intercontinental Exchange founder Jeff Sprecher described the platform as larger than Nasdaq by trading volume, with daily trading volume reaching approximately $4.4 billion.
Hyperliquid has published 1,246 posts to its X account since 2022 and has accumulated 411,458 followers as of July 2026.
Hyperliquid has been mentioned by 2,558 accounts, with 11,486 total mentions recorded.
Who follows Hyperliquid on X?
Hyperliquid draws a broad audience of crypto-native professionals and institutional observers. The accounts that follow Hyperliquid include 2,039 founders, 431 angel investors, 1,851 influencers and 70 VCs, among them Ansem, Toly, Laura Shin, 6529, Threadguy and Mert.