Who says Hyperliquid is only for perps? 10 native protocols that will shatter your preconceptions

📄Full Article· Automatically extracted by trafilaturaGemini 翻譯1863 words

Stacy Muur shared a list of 10 emerging Hyperliquid-native protocols on X, ranging from the yield-maximizing protocol Monetrix and automated yield router ROSETTA to the 1000x leverage fair-launch protocol PaperTrade and Pre-IPO perpetuals Ventuals, demonstrating that Hyperliquid is expanding from a perpetual exchange into a full-stack on-chain financial ecosystem. (Context: Who says BTC has peaked? Analysts: The market is overly fearful and is at the most questioned starting point of a bull market.) (Background: Hyperliquid ecosystem tokens surge; a roundup of trading bots, smart money trackers, and analytical tools.) Here are the 10 projects she is watching, from yield maximization to pre-IPO perpetuals, showcasing the chain's evolution from a derivatives exchange into a full-stack financial platform. The Hyperliquid ecosystem is welcoming a new wave of native protocols. Crypto researcher Stacy Muur shared on X: "10 emerging Hyperliquid-native protocols I'm paying attention to ↓" 1. Monetrix: A yield-maximizing native protocol on Hyperliquid. It uses a single stablecoin powered by Portfolio Margin to aggregate funding rates, HLP, maker rebates, and HIP-3 into a single on-chain yield. Think of it as the Hyperliquid version of Ethena. 2. ROSETTA: An automated stablecoin yield router on Hyperliquid. After depositing USDC, the system automatically migrates funds every block to the protocol with the highest current yield among Felix, Hyperlend, Morpho, Aave, and HLP, while accounting for gas fees and slippage. 3. papertrade.xyz: A fair-launched perpetual protocol on Hyperliquid offering up to 1000x leverage with no funding rates or slippage. It executes trades based on price oracles rather than an order book and is fully on-chain. 4. alt.fun: A Launchpad on Hyperliquid where every token is paired with a leveraged perpetual position, allowing users to establish 2x, 3x, or 5x long or short positions on any HL market. Token prices are influenced by both trading activity and the performance of the underlying perpetual position. 5. Ventuals: Pre-IPO perpetuals on Hyperliquid. Built on HIP-3, it allows users to long or short the valuations of private companies like OpenAI, SpaceX, and Stripe with up to 10x leverage. 6. Liminal: A delta-neutral yield protocol on Hyperliquid. Deposit stablecoins to capture funding rates through automated short positions, and reuse the generated xTokens (xBTC, xETH, xHYPE) as collateral within the DeFi ecosystem. 7. Melt: Brings tokenized stocks, commodities, and equity assets to the Hyperliquid spot market. You can trade Real World Assets (RWA) 24/7 from your own wallet on the same order books as BTC. 8. Chainsight: An oracle and data infrastructure protocol on Hyperliquid. It builds modular data pipelines to provide price feeds, volatility indices, and risk metrics with latency under 3 seconds, powering new types of derivatives on HL. 9. rip.xyz: Tokenized vault strategies on HyperEVM. Its flagship product, rHYPURR, allows you to gain liquidity and fractional exposure to a basket of Hypurr NFTs managed by the protocol, priced hourly based on Net Asset Value (NAV) via ERC-4626 shares backed by WHYPE. 10. Markets: A Hyperliquid perpetual exchange built by the Kinetiq team. Trade stocks, forex, commodities, bonds, and crypto perpetuals 24/7 with up to 50x leverage, all margined in USDH and priced by Kaiko institutional-grade oracles. Summary: Hyperliquid is transcending perpetual contracts and evolving into a complete on-chain financial stack. These protocols are the underlying components natively building real yield, liquidity, and new products.

Data Status✓ Full text extractedRead Original (動區 BlockTempo)

🔍Historical Similar Events· Keyword + Asset Matching6 items

2026-05-20

Hyperliquid annual revenue projected to reach $1 billion! Bitwise declares: $HYPE is severely undervalued

Similarity 120%關鍵字 hyperliquid同分類 zh

2026-05-18

Who would have thought that trade.xyz on Hyperliquid might be the biggest winner of the SpaceX IPO.

Similarity 120%關鍵字 hyperliquid同分類 zh

2026-05-15

Hyperliquid Abandons Native Stablecoin USDH! Behind the Embrace of USDC Lies the Biggest Bullish Catalyst for HYPE

Similarity 120%關鍵字 hyperliquid同分類 zh

2026-05-15