FUTUREMODE 2026 Community Partner: @Hyperliquid_HK Hyperliquid HK is a community built by Hyperliquid enthusiasts — bringing together HL builders, traders, and DeFi advocates from Hong Kong and beyond. This partnership connects one of Asia's most active on-chain communities with the FM26 stage in Taipei. We're looking forward to seeing them in September at #FM26#. FUTUREMODE 2026 📍 Taipei Expo Dome | Sep 4–6, 2026 🌐 🏟 Get your pass: Local - International - #FM26# #FUTUREMODE# #台灣未來祭# #Partner# #HyperliquidHK# #DeFi# #Web3#

📊 Numbers of the Week (04.04 – 04.10) Fees earned (last 7 days): $13.57M HyperEVM Ecosystem Updates · Beginning April 6 you can delegate your kHYPE to the @nansen_ai x HypurrCo validator to support community initiatives. · Join @Hyperliquid_HK for a networking and pickleball session during the upcoming Web3 Festival. · The @hydromancerxyz team built a new tool that allows users to monitor Hyperliquid market activity over the weekend. · Crosschain deposits into USDC-PERPS are now live through a new integration by @AcrossProtocol. · @tradeparagon has launched on Hyperliquid to offer perpetual swaps for $BTC.D, $TOTAL2, and $OTHERS. · @SushiSwap now offers trading for SUSHI perps directly on the platform. · @ValantisLabs now supports DCA functionality for users trading on Hyperliquid. · The @eco platform has officially expanded its services to support the Hyperliquid network. 🛠 Technical Advances of the Week · Based on user feedback, the mempool_txs files written by nodes with split_client_blocks true will be changed to hourly on the next network upgrade. · Gossip and IOC order priority fees have been enabled on testnet and are eligible for mainnet bug bounties effective immediately. · @HyperliquidX introduced setPerpAnnotation to allow deployers to configure display names and keywords for better frontend searchability. ❗❗ The content shared is for informational purposes only and does not constitute financial advice or endorsements. Always conduct your own due diligence.

Hyperliquid is a layer-1 built for finance, where trading, apps and token launches share one platform. @HyperliquidX rolled out its mainnet features in stages, including the HyperEVM in early 2025, and $HYPE handles transactions and governance. Dig in:

Hyperliquid Wants Regulators to Regulate the Businesses, Not the Blockchain Hyperliquid co-founder Jeff Yan believes regulators should focus on the companies operating trading services on Hyperliquid, rather than regulating the underlying blockchain itself. What does this mean? Think of AWS: Amazon provides cloud infrastructure, while businesses using it are responsible for their own services. Yan wants Hyperliquid to work the same way. The blockchain provides the trading infrastructure, while service providers operating markets should handle the relevant compliance requirements. Why is this good for Hyperliquid? • An easier path into the U.S. market: Regulated partners could offer trading services to U.S. users without requiring the underlying blockchain to operate like a traditional exchange. • More institutional adoption: Financial companies could build on Hyperliquid's infrastructure while handling compliance through their own regulated businesses. • Expansion beyond crypto: Hyperliquid could become infrastructure for a wider range of financial markets, not just crypto perpetuals. There's already a potential example: Payward, Kraken's parent company, plans to offer derivatives to U.S. investors through a regulated trading platform using Hyperliquid technology. Hyperliquid doesn't necessarily need to become a regulated exchange itself to reach traditional finance. If regulated businesses can build on its infrastructure, Hyperliquid could capture more market activity while partners handle the customer-facing compliance.

Hyperliquid founder Jeff Yan told Bloomberg he wants U.S. regulatory oversight over the firms building on his chain, not the chain itself. “The regulation sits at the layer where there are controls, and indeed the deployers are the ones that exercise these controls" ~ @chameleon_jeff

Hyperliquid’s BBO Is Facing a Stress Test .@papertrade_xyz has responded to concerns over price manipulation involving BTC/ETH on Hyperliquid’s BBO, pointing to loose early-stage position limits rather than flaws in its six-month-designed mechanism Key points: • @HyperliquidX BBO is the battleground. Attempts to manipulate BTC/ETH exposed how trading mechanisms behave under real-world pressure • Launch trade-offs matter. Papertrade says loose position limits were initially used to handle congestion and maintain a smoother user experience • Controls are tightening. As congestion eases, Papertrade has started reducing position limits both on-chain and at the relay level • Manipulation has an economic cost. The goal is to make attacks unprofitable, with potential losses outweighing expected gains Hyperliquid’s role goes beyond providing trading liquidity. Its BBO environment is also a real-world test for third-party trading protocols building on top of it The key question is whether Papertrade can tighten its controls without sacrificing the fair-launch experience. Better execution infrastructure means little if its incentives can be exploited