Hyperliquid Explained: A Deep Dive Into the Perp DEX That Reshaped Crypto in 2025
Hyperliquid didn’t rely on hype cycles or marketing blitzes to break into the spotlight—it engineered its way into relevance, forcing the crypto industry to reassess how far onchain trading infrastructure had come. What...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
Hyperliquid is showing up inside the DeFi theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
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Bloomberg: Hyperliquid in Advanced Talks With Kraken Parent on US Perpetuals Push
Hyperliquid Labs is in advanced talks with Payward, Kraken’s parent company, about bringing its perpetual futures to U.S. traders,...
Hyperliquid in Talks With Kraken Parent to Bring Crypto Perps to US Traders
A deal would route the decentralized exchange's perpetual futures through Payward's US-regulated Bitnomial, marking Hyperliquid's...
Hyperliquid seeks US foothold through Kraken parent Payward in crypto perpetuals deal: Bloomberg
Payward has reportedly presented the CFTC with an outline of the proposed structure, though regulatory approval is still pending.
Hyperliquid surges after Bloomberg reports talks with Payward for US market entry
Hyperliquid's potential US entry could revolutionize the on-chain perpetual futures market by aligning it with American regulatory...
Hyperliquid’s HYPE token rises on US market entry talks with Payward: Bloomberg
HYPE's potential U.S. market entry could boost investor confidence and trading volume, impacting its growth trajectory and regulat...
Pump.fun overtakes Hyperliquid in monthly revenue for first time since April 2025
Pump.fun's revenue surge highlights the evolving dynamics in DeFi, emphasizing the impact of strategic tokenomics on market positi...