Short, citable answers about Hyperliquid and SwanBluechip.
What is Hyperliquid?
Hyperliquid is a Layer 1 blockchain purpose-built for on-chain perpetual futures trading. It runs its own consensus and matching engine, settles in HYPE (its native token), and supports third-party builders through HIP-3 (custom perp DEX deployers) and HIP-4 (asset-layer builders).
How many projects are in the Hyperliquid ecosystem?
SwanBluechip currently tracks 28 projects across 6 categories: Trading, Lending, Staking, Yield & Vaults, Stablecoins, and Infrastructure. The list is updated as new projects launch and existing ones reach material milestones.
What is HIP-3?
HIP-3 is the Hyperliquid Improvement Proposal that lets third-party builders deploy their own permissioned perp DEXs on top of Hyperliquid's matching engine. Each HIP-3 deployer ships its own market set under its own dex namespace while sharing Hyperliquid's liquidity infrastructure.
What is HIP-4?
HIP-4 extends Hyperliquid into the asset-layer: builders can create permissioned tokenized assets, RWAs, and structured products that settle natively on the L1 alongside perps.
What HYPE ETFs are listed?
Four spot HYPE ETFs currently trade on traditional markets:
BHYP (Bitwise, NYSE),
THYP (21Shares, Nasdaq),
TXXH (2x leveraged HYPE), and
HYPE.SW (European listing). The
ETFs page shows live AUM, premium/discount, sparklines, and after-hours quotes.
Is the Hyperliquid airdrop confirmed?
Hyperliquid's initial HYPE airdrop took place in November 2024. Subsequent rewards programs ("points-live" projects in the ecosystem) are project-specific — some have token-generation events confirmed, others are TBD. Each project on the map is tagged with its current airdrop status.
What is SwanBluechip?
SwanBluechip is an independent, read-only tracker for the Hyperliquid ecosystem maintained by
@0xcryptoswan. It aggregates project metadata, live TVL, ETF flows, HIP-3/HIP-4 builder activity, and airdrop status — no accounts, no trading, no fees.