Hyperliquid
The product is the chain. Perps first. DeFi second.
| Team | Role |
|---|---|
| Hyperliquid / HyperCore | On-chain CLOB. Dominant perp venue. HIP-3 / HIP-4 live. |
| Kinetiq | Liquid staking. kHYPE. Largest HyperEVM TVL. |
| HyperLend | Credit layer. Aave-style book on HyperEVM. |
| Felix | Native stable / credit infra. |
| HyperSwap | Native HyperEVM DEX. |
| Phantom | Biggest builder-code front end routing flow into HyperCore. |