Market News

21Shares Introduces Hyperliquid ETP on Swiss Exchange, Capturing DeFi Momentum

21Shares has launched the first Hyperliquid ETP on the SIX Swiss Exchange, offering unique access to the HYPE token.

This product caters to both institutional and retail investors, providing regulated exposure without the need for wallets or on-chain custody.

The introduction coincides with Hyperliquid's impressive trading activity, having processed $319 billion in trades in July, representing 35% of that month’s blockchain revenue.

The HYPE token recently reached an all-time high of $50.99, showcasing the protocol’s increasing influence in the decentralized finance (DeFi) derivatives market.

Mandy Chiu of 21Shares described Hyperliquid's growth as extraordinary, highlighting its sound economic model.

Hyperliquid, which operates a layer-1 blockchain and a decentralized perpetual futures exchange, distinguishes itself by utilizing a traditional on-chain order book for transactions.

This structure leads to rapid trade clearing times and a compelling fee model that supports buybacks of the HYPE token.

Despite market volatility and recent concerns over potential manipulation of other tokens, analysts remain optimistic about Hyperliquid's future.

Arthur Hayes, a prominent figure in crypto, recently predicted substantial growth for the HYPE token, underscoring investor interest in such innovative financial instruments.

With the launch of the Hyperliquid ETP, 21Shares is further solidifying its position in the evolving DeFi landscape, providing new pathways for investors.