I suspect this is the counterfeit season belonging to $HYPE itself
Overview of opportunities in the #Hyperliquid ecosystem extension
$HYPE has already surpassed $SUI, becoming the 11th ranked project by market capitalization.
Among the top 20 projects by market capitalization, only $HYPE, $SUI, and $TON are new coins in this round, while the others are classic old coins.
Let's take a look at the opportunities available in the Hyperliquid ecosystem extension.
💠deBridge
◆ Application Type: Cross-chain bridge.
◆ Product Advantages: Fast cross-chain transactions, with points and subsequent airdrops.
◆ Product Limitations: Only supports Hyperliquid's $USDC and HyperEVM's $HYPE.
◆ Applicable Scenarios: Cross-chain transfers into | funds into the Hyperliquid ecosystem.
deBridge should be the earliest project integrated into the Hyperliquid ecosystem, having supported it as early as March.
At that time, it only supported transfers into HyperEVM and Hyperliquid outflows. Now it fully supports both inflows and outflows for HyperEVM and Hyperliquid.
deBridge is a project very sensitive to Layer 1 and Layer 2, currently supporting cross-chain transactions between 26 ecosystems. Recently, with the launch of the Plume mainnet, deBridge supports cross-chain transactions between the Plume ecosystem and the other 25 ecosystems, quickly providing a funding entry for RWAfi.
Additionally, deBridge's token $DBR (a name I gave) has a bottoming pattern.
💠Defidotapp
◆ Application Type: DEX based on chain abstraction.
◆ Product Advantages: Aggregates Hyper
◆ Product Limitations: Supports only spot trading, no perpetual futures.
◆ Applicable Scenarios: Trading HyperEVM and other chains' MEME coins and mainstream coins with USDC as if on a CEX.
UniversalX directly lists the tokens of the HyperEVM ecosystem. Here you can see that the largest MEME by market and liquidity in the HyperEVM ecosystem is $PURR, with a market cap reaching $130 million.
UniversalX has recently updated many features, supporting market orders, limit orders, and TWAP trading modes.
Users can set 8 preset modes, where P is price priority mode and S is speed priority mode. UniversalX has set a default P1 strategy: double the capital out, halve the loss.
#UniversalX is now the DEX with the most product features and experience closest to CEX. Although users need to deposit funds, it differs from single-chain channel DEXs like Hyperliquid, where users deposit funds into their universal account, controlled by an external wallet.
Users can buy a specific on-chain asset at any time, sell it anytime, and then buy other on-chain assets without needing cross-chain operations. This is because UniversalX's underlying infrastructure is Particle chain abstraction, allowing Particle technology to complete a series of operations like buying and selling across chains without user awareness, providing an experience similar to CEX.
Moreover, if users want to trade leveraged contracts, they can go to MYX, connect the same external wallet, and select the universal mode, allowing them to use funds in their universal account to trade perpetual futures.
💠CoinCall
◆ Application Type: An exchange primarily for options (of course, it also has spot and perpetual futures).
◆ Product Advantages: Professional options trading products
◆ Product Limitations: Options products have relatively high thresholds
◆ Applicable Scenarios: $HYPE options.
CoinCall is an exchange primarily focused on options products, ranking as the 5th options exchange, renowned for its user-friendly trading interface.
In the options field, 'Call' means bullish, so CoinCall means - bullish on cryptocurrency. Among the top 5 options exchanges, CoinCall may be the youngest, but its name indicates that it was born for options. Therefore, in terms of options trading interface and product experience, CoinCall has an excellent reputation.
As an external product of the HYPE ecosystem, CoinCall is the only trading platform that supports $HYPE options, providing $HYPE traders with more ways to play:
When the market is volatile, buy bullish or bearish $HYPE options,
When the market is stable, sell bearish or bullish $HYPE options.
Use $HYPE options to hedge $HYPE futures or spot.
💠In Conclusion
Hyperliquid has risen due to its product experience and innovative listing methods, and it has gained popularity due to the overseas version's coolness, James. However, the HyperEVM ecosystem is still in its infancy, and this article introduces the opportunities within the Hyperliquid ecosystem extension.
The deBridge recommended in this article has supported the Hyperliquid ecosystem for over 3 months, serving as a very convenient funding entry for Hyperliquid and HyperEVM, allowing cross-chain access from 18 ecosystems directly.
UniversalX allows direct trading of HyperEVM ecosystem tokens and switching between the HyperEVM ecosystem and other ecosystems at any time without cross-chain operations, providing an experience similar to that of a CEX.
Meanwhile, CoinCall offers $HYPE investors opportunities for options trading and hedging.
