Tag: DEX perps

Hyperliquid — one of the most hyped DeFi perps venues of the post-2024-halving cycle — just recorded weekly net capital outflows of more than $430 million (third-largest weekly outflow on record, per widely cited Dune tracking). At the same time, Bitcoin is ~30% below its peak and a growing set of analysts argue the market is already shifting into a bearish regime. Read our Hyperliquid compliance report!

How can a utility token access deeper liquidity and price discovery—without turning into a security token? Within the EU’s MiCA/MiFID II framework, one workable route is to publish a transparent index of crypto-native activity, deliver that index through a signed oracle, and let venues list perpetual futures on the index.