Hyperliquid moves up to Flagship.

Hyperliquid moved to Flagship.

Hyperliquid has been moved from the Frontier strategy to the Flagship strategy. The platform is showing strong growth across multiple key indicators.

It processes an average of $10 billion in daily trading volume, with around 30,000 active users per day. These are figures that only a few protocols manage to reach. Investor confidence is also increasing: more than $500 million in assets has now been locked into the platform.

What makes Hyperliquid particularly interesting is how it handles its profits. The protocol generates over $600 million in annual profit, with almost all of it used to buy back the HYPE token. This reduces the number of tokens in circulation, which benefits the value of the remaining supply.

With its combination of strong adoption, high revenue, and a well-designed mechanism for value creation, Hyperliquid now meets the criteria of the Flagship strategy. The strategy has been adjusted accordingly.

Stacks removed from Flagship.

Stacks has been removed from the Flagship strategy. While the project aims to bring DeFi to Bitcoin, real-world usage has fallen short.

The number of users is barely growing, and developer activity remains limited. We also see few applications or ecosystems gaining meaningful traction.

Stacks no longer meets the usage and adoption thresholds required for inclusion in Flagship and has therefore been removed from the strategy. The project will continue to be monitored.