• 21Shares introduces the first Hyperliquid ETP (Ticker: HYPE) on the SIX Swiss Exchange.
• Hyperliquid has crossed $2.07 trillion in cumulative trading volume since 2023.
• The platform processes over $8 billion in daily trading, holding an 80% share of decentralized perpetuals.

21Shares, one of the leading issuers of crypto exchange-traded products, has launched the 21Shares Hyperliquid ETP under the ticker HYPE on the SIX Swiss Exchange. This product marks the first exchange-traded vehicle offering institutional investors direct exposure to Hyperliquid, a decentralized perpetuals exchange.

The listing comes with an ISIN code of CH1471826029 and a management fee of 2.50%. For financial institutions, this development provides a regulated channel to access one of the fastest-growing decentralized exchanges without managing on-chain infrastructure directly.

Mandy Chiu of Financial Products Development at 21Shares characterized the quick rise of Hyperliquid as propelling it into contention to become a long-term institutional adoption candidate.

Also Read: HYPE Surges Toward $50 Target with Strong Bullish Momentum

Hyperliquid Tops $2.07 Trillion in Total Trading

From the year 2023 onwards, Hyperliquid has accounted for over $2.07 trillion in transactions with $8 billion per day, roughly 80% of decentralized perpetual futures, with market-leading status attributable to vertical integration.

The product brings together trading, blockchain functionality, and developer tools under a single umbrella, similar to the way conventional asset managers centralized the ETF markets with scale and trustworthiness. Through construction of this kind, Hyperliquid minimizes external dependencies and achieves more efficiency in its overall ecology.

$1 Billion in Token Buybacks Drives Constant HYPE Demand

The platform’s unique model has strengthened its market position. Hyperliquid allocates more than 95% of protocol revenue to daily buybacks of HYPE tokens, creating constant demand.

To date, over $1 billion in tokens has been repurchased with more than $56 million in monthly revenues. Unlike the majority of blockchain startups, it avoided venture capital investment and instead offered the community 76% of token allocation. Team tokens are locked until 2028, demonstrating long-term intention.

Operationally, it is entirely on-chain and does not require off-chain order matching and external oracles. This results in a quicker and more reliable experience with liquidity levels ten times larger compared to its closest rivals. Its zero-gas and one-click trading experience is reflective of centralized platforms and is equally decentralized.

Further growth is aided by its in-built Hyperliquid Chain and HyperEVM that allow developers to create directly in its environment. It integrates spot markets, perpetuals, token creation, and decentralized applications and sets a new standard in blockchain financial systems.

Also Read: HYPE Price Forecast: Whale Activity Fuels Rally Toward $55