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ARK Invest CEO Cathie Wood likened ”new kid on the block” Hyperliquid to early-stage Solana. “It’s exciting,” Wood said on the Master Investor podcast. ”It reminds me of Solana in the earlier days, and Solana has proven its worth and is, you know, there with the big boys.” ARK Invest Still Waiting To See How Hyperliquid Performs Hyperliquid is a decentralized exchange (DEX) that was built on its own layer-1 blockchain network. While the platform is optimized for perpetual futures and derivatives trading, it does also offer support for spot and other trading operations. The platform splits execution into two main components. Order book operations such as matching, margin, liquidations, etc. are managed on HyperCore, while HyperEVM is the platform’s smart contract and general execution layer that interacts with the exchange’s core.  In February this year, the smart contract functionality launched on the mainnet. Following thi...

Flare (FLR) has been listed for spot trading on Hyperliquid, enabled through LayerZero’s Omnichain Fungible Token (OFT) standard, as per the reports shared with Finbold on September 17.  The integration allows users to deposit FLR via Stargate and trade it directly on the decentralized exchange, with the aim of simplifying access and improving efficiency. A more efficient and simpler trading experience Unlike wrapped assets, Hyperliquid has listed native FLR, removing the need for unwrapping and reducing transaction complexity for deposits and withdrawals.  The listing was permissionlessly enabled after Flare secured the FLR ticker, and bridging is facilitated through LayerZero, linking FLR to Hyperliquid’s HyperEVM and subsequently to the HIP-1 asset on HyperCore for spot trading.  Hyperliquid’s on-chain order book is designed to provide tight spreads, strong liquidity, and lower implicit costs for traders. “Hyperliquid trading volumes have ...

A widely followed cryptocurrency trader is leaning bullish on a large-cap Ethereum (ETH) challenger, believing that the altcoin is still in an uptrend. The trader pseudonymously known as Altcoin Sherpa tells his 238,400 followers on the social media platform X that Solana (SOL) is primed to go “much higher” over the coming weeks and months. The pseudonymous analyst, however, says that Solana will only rally if Bitcoin (BTC) remains “stable”. According to analysts, any solid pullback by Solana should offer an attractive entry opportunity. Source: Altcoin Sherpa/X Looking at the trader’s chart, he seems to suggest that SOL will meet resistances at $228, $243 and $264. Solana is trading at $198 at time of writing. Next up is the native token of the decentralized open financial system Hyperliquid (HYPE). The pseudonymous analyst says that HYPE could rally by about 129% from the current level before the end of the current cycle. “Wouldn’t exactly c...