Hyperliquid's Everything Exchange: HIP-3 builders bring pre-IPO and diamonds
Quote59 words
Market since$HYPE+106%since this pieceHow it played out ↓Points to Ventuals (pre-IPO exposure) and Kaleio (diamonds) as early examples of real-world assets arriving on Hyperliquid. Says HIP-3 will enable builder-deployed perps on any market, alongside a record volume month and a growing HyperEVM.
Key claims
Hyperliquid had its highest volume month ever
HIP-3 enables builder-deployed perps on arbitrary assets
Everyone is talking about the world coming onchain.
On Hyperliquid its already happening.
@ventuals is bringing pre-IPO exposure onchain
@kaleiohl is bringing diamonds onchain.
HIP-3 will unlock builder-deployed perps (on literally everything you can imagine)
Hyperliquid also just had its highest volume month ever and HyperEVM ecosystem keeps growing btw.
Study the "Everything Exchange".
More info on HIP-3 below.
QUOTING @a1research__
Why do we think @HyperliquidX could reach $120B FDV within one year? We thoroughly examined the data, crunched the numbers, and built a valuation framework around Hyperliquid's "Everything Exchange" narrative. All details in our latest report ↓ t.co/dZqTdm848f
Why do we think @HyperliquidX could reach $120B FDV within one year? We thoroughly examined the data, crunched the numbers, and built a valuation framework around Hyperliquid's "Everything Exchange" narrative. All details in our latest report ↓ t.co/dZqTdm848f
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Prices as of 23 Oct 2026This market take reads the setup without making a call on the token, so price moves since publication are shown as market context.
Covered in this piece
Since then
Zero has written 26 more pieces on Hyperliquid and $HYPE since this one.
- State of Hyperliquid: two years after the airdrop (A1 Research report)Covers $HYPE
- Hyperliquid onshore: Payward and Bitnomial's permissioned HIP-3* venueBullish call on $HYPE
- Hyperliquid's US regulatory path: HyperCore, HIP-3 deployers and buildersOn Hyperliquid
- Hyperliquid ecosystem briefing: 14 days of regulation, HIP-3/4, RWAs, revenueBullish call on $HYPE
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.