HyENA is a USDe-margined perpetuals decentralized exchange built on Hyperliquid's HIP-3 standard, describing itself as an internet trading engine with native rewards. HyENA's Twitter Score is 86 out of 1000 (a Good rating) as of August 2026, ranking #8,942 (top 5%) among 483,944 tracked accounts.
HyENA operates as a perpetuals DEX with USDe as its margin asset, integrating with Ethena for that collateral layer. The platform has stated publicly that no separate HyENA token will be issued. HyENA is operated at the interface level by Based Technologies Limited, with Based serving as its main contributor. HyENA has received backing from Coinbase Ventures.
HyENA works with several infrastructure partners across its stack. Upshift serves as the vault infrastructure deployer for the HLPe vault, Fordefi provides MPC wallet services for HLPe execution, and Qualia acts as the chosen vault strategist for HLPe. HyENA is also affiliated with Valantis. The platform's terms designate residents of the United States as prohibited persons for interface use. HyENA has accumulated 13,143 followers as of August 2026 and has published 186 posts. HyENA has been mentioned by 60 accounts a total of 101 times.
Who follows HyENA on X?
The accounts that follow HyENA include 241 founders, 88 angel investors, 193 influencers and 4 VCs. Among them are Laura Shin, Andrew Kang, smolting wassie, verse, Hsaka, Tarun Chitra and Larry Cermak.