Abraxas Capital built a $1.57B short book on Hyperliquid while trading $9.8B in volume across two accounts. The London-based hedge fund’s flagship strategy is the Elysium Global Arbitrage Fund and currently manages $1.6B in AUM. Full report below.

Hyperliquid's daily active users are up 51% since @tradexyz launched. Part II of our report looks at who the 173,794 new users are, how they arrived and what they have traded since.

We took a closer look at the data behind all 356,886 xyz traders since launch in October 2025. These markets are the primary funnel for mass adoption and user retention on Hyperliquid, across both retail and institutional cohorts. Full report below.

We mapped Jump Trading's entire Hyperliquid operation. Since onboarding in December 2025, they have traded nearly $150bn and account for almost 8% of all exchange activity and 20% of all XYZ market activity. Full report below.

Great to sit down with @0xTangle and the @HLglobal_ team at this year's inaugural Hyperliquid Summit. We discussed our outlook on the Hyperliquid ecosystem, how it was time to go all in and what we are building here at @hypurrdash. We see ourselves as the distribution layer of Hyperliquid and recently expanded our offering to include enterprise data infrastructure through our acquisition of @imperator_co and @hyperpc_. Catch the full interview here below to learn more.

I am proud to publicly announce Hyper Holdings Global @HyperHoldings today. We are a consortium of investors, institutions and entrepreneurs with a mission to bridge the gap between legacy finance and the Hyperliquid ecosystem.    The first step towards this is in our strategic alignment with @Grayscale as they launch their Grayscale Hyperliquid Staking ETF $HYPG. For over a decade, Grayscale has been a pioneer of digital assets within the traditional financial system and has some of the deepest ties with US regulators and policymakers. They established the first publicly-quoted Bitcoin fund and secured the legal precedent that opened the door to spot crypto ETPs.    They have consistently used their positioning to protect and promote crypto, and now are helping shape policy and educate investors that will directly impact Hyperliquid's future.    $HYPG serves as an on ramp to bring serious, long term capital into the Hyperliquid ecosystem. This represents a historical moment in HYPE’s history and we are proud to be a part of this launch with Grayscale.    I want to thank every investor of this initiative and appreciate their patience and coordination as we worked to make this a success over the last several weeks. I am pleased to be joined by @multicoin, @hypurrdash, @MotusAk and other strategic individuals from around the world as we kick things off.    This is just the beginning. More to come soon.    Hyperliquid