Hyperliquid Dances Past Coinbase: A Tale of Trillions and Token Tiffs!

by

Well, well, well, if it ain’t the little engine that could! Hyperliquid, a decentralized futures exchange that’s sprouting up like weeds in a garden, has taken to the trading floor with more gusto than a cat at a fish fry. According to the fine folks at Artemis, this sprightly platform has outdone Coinbase with a jaw-dropping $2.6 trillion in trading volume, leaving poor Coinbase trailing behind with a paltry $1.4 trillion. Now, that’s what I call a financial hoedown!

To put the cherry on top, that number for Hyperliquid is nearly double what Coinbase managed to rustle up. Imagine the look on Coinbase’s face-like a dog who just found out his favorite bone was buried under a mountain of dirt!

The Showdown: Hyperliquid vs. Coinbase

Now, hold onto your hats, folks, because Artemis has spilled the beans on some fancy figures that show these two platforms are as different as night and day. Hyperliquid has strutted its stuff with a dazzling 31.7% increase in price this year, while Coinbase has taken a tumble, falling by a staggering 27.0%. That’s a gap wider than the Mississippi River!

Coinbase might be the old hand in the centralized exchange game, but Hyperliquid is the new kid on the block who just rode in on a shiny horse. With such a gap in trading activity and asset performance, Artemis is waving a flag, declaring that the market is taking notice of this decentralized upstart’s meteoric rise.

In 2025, Hyperliquid raked in a respectable $822 million, and this year alone, they’ve already pocketed $79.1 million. It seems they’re not just whistlin’ Dixie!

As if that weren’t enough, Hyperliquid’s open interest has hit a neat $4.1 million in just 24 hours-like finding a dollar in your coat pocket you thought you’d lost!

And in a twist that would make any soap opera writer green with envy, Ripple has decided to hop on the Hyperliquid bandwagon, announcing its Ripple Prime brokerage will now support this decentralized wonder. This means institutional clients can wade into Hyperliquid’s on-chain derivatives while juggling all sorts of other financial shenanigans, like over-the-counter swaps and digital assets, under one roof.

Michael Higgins, the big cheese at Ripple Prime, is singing praises about this merger of decentralized finance and traditional brokerage, claiming it’s gonna make liquidity access and trading efficiency as smooth as molasses in January. With billions flowing through Hyperliquid daily, it’s clear this platform is making waves in the decentralized perpetual futures market.

The HYPE Shorting Shindig

Hyperliquid has since reiterated their zero-tolerance policy for such shenanigans, firmly stating that no employees or contractors should be messing around with HYPE derivatives. It’s a classic case of “fool me once, shame on you; fool me twice, and I’ll have to take out the ol’ broom!”

Read More

2026-02-10 23:42