21Shares lists first Hyperliquid ETP on SIX Swiss Exchange
21Shares has listed the Hyperliquid ETP on the SIX Swiss Exchange, providing investors exposure to the Hyperliquid token without wallets or onchain custody. Hyperliquid is a major decentralized derivatives venue, processing over $8 billion daily and $2 trillion in trades since its 2023 launch, capturing 80% of decentralized perpetuals activity. The listing follows a record high for Hyperliquid’s token (HYPE) at $50.99. Hyperliquid, launched in late 2022, operates a layer-1 blockchain with a traditional onchain order book, enabling rapid trade execution. In July, it processed $319 billion in trades, becoming the seventh-largest derivatives exchange with over 600,000 users. Despite a temporary outage and concerns about market integrity due to manipulation of the XPL token, optimism remains high, with predictions of significant growth for HYPE.
