21Shares Launches First Hyperliquid ETP on SIX Swiss Exchange
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 30 2025
Hyperliquid's ETP Listing on SIX Swiss Exchange
- Introduction of HYPE Token: The listing on the SIX Swiss Exchange allows investors to gain exposure to the HYPE token without the need for wallets or on-chain custody, simplifying the investment process.
- Growth of Hyperliquid: Launched in late 2022, Hyperliquid has rapidly established itself in the DeFi trading space, processing billions in daily volume and capturing nearly 80% of decentralized perpetuals, with total activity reaching trillions.
Financial Performance and User Engagement
- Record Trading Volume: In July, Hyperliquid achieved a record $319 billion in trades, marking the highest monthly volume for a DeFi derivatives platform.
- User Base Expansion: The platform has grown to over 600,000 users, positioning it as the seventh-largest derivatives exchange globally.
Token Performance and Market Sentiment
- HYPE Token Surge: The platform's fee model, which utilizes trading revenue to buy back HYPE tokens, has driven the token's price to record highs, recently exceeding $50.
- Market Optimism: Despite some negative coverage regarding market manipulation, optimism remains high, with predictions from industry experts like BitMEX co-founder Arthur Hayes suggesting the HYPE token could increase over 100 times in value as stablecoin adoption and platform fees grow.
Challenges and Community Response
- Recent Outage and Compensation: A brief outage caused concern among traders, but the decision to reimburse $2 million in losses helped maintain community support.
- Concerns Over Fairness: Allegations of market manipulation arose after significant profits were made by a few traders on a lesser-known token, prompting discussions about the fairness of trading practices on the platform.
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Technical Analysis for HYPE
Technical Sentiment Analysis for Hyperliquid (HYPE). As of , Hyperliquid (HYPE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for HYPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, HYPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hyperliquid (HYPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 27.696 | 40.183 | 51.981 | 64.468 | 76.266 | 88.753 | 100.551 |
| Fibonacci | 40.183 | 49.46 | 55.191 | 64.468 | 73.745 | 79.476 | 88.753 |
About HYPE
Hyperliquid represents a cutting-edge blockchain platform, specifically designed to enhance the efficiency and performance of decentralized finance (DeFi) applications. At its core, Hyperliquid introduces a novel Layer 1 (L1) blockchain that is meticulously engineered from the ground up to optimize performance and scalability. This optimization is largely attributed to its proprietary consensus mechanism, HyperBFT, which plays a pivotal role in ensuring rapid transaction finality and robust security measures.One of the standout features of Hyperliquid is its focus on decentralized perpetual exchange services. This platform facilitates perpetual futures trading directly on its native L1 blockchain, setting itself apart by eliminating gas fees for transactions. This approach not only reduces the cost barrier for participants but also significantly enhances transaction speed and efficiency.Hyperliquid's architecture boasts a fully on-chain order book, a rarity among decentralized exchanges (DEXs), which typically rely on off-chain order books to manage trades. This on-chain approach ensures greater transparency and security, as all transactions are verifiable on the blockchain.The development team behind Hyperliquid is composed of individuals with impressive backgrounds, including alumni from prestigious institutions such as Harvard, Caltech, and MIT, and professionals with experience in notable companies within the tech and financial sectors. This diverse and skilled team underscores the project's commitment to innovation and excellence.Notably, Hyperliquid is a self-funded initiative, emphasizing its independence and dedication to its vision without the influence of external capital. This autonomy allows for a focused development process, tailored to the needs and expectations of the DeFi community.In summary, Hyperliquid aims to revolutionize the DeFi space by offering a high-performance, cost-effective, and transparent platform for perpetual futures trading. Its unique combination of a custom L1 blockchain, zero gas fees, and a fully on-chain order book positions it as a promising player in the blockchain and cryptocurrency ecosystem. As with any investment in the crypto space, individuals should conduct thorough research to understand the risks and potential of the platform.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
