
Hyperliquid
Risk Management
?Risk Management
The RMA™ is a blockchain credibility certification assessing governance, transparency, security, and results, providing trusted verification for businesses in Web3.
VaaSBlock has not audited this project and cannot vouch for this organization.
RMA™ Status: ❌ Unverified
Verification of 6 major compliance criteria.
Technology
?Technology
A collection of public facing information, data collected through partners and our own tools view we present a projects technology in one place for easy verification.
Analysis and testing of tech infrastructures.
Marketing
Alpha?Marketing
Top level look at a projects marketing capablities currently in alpha this section will grow to show quickly how a project promotes itself and the effectiveness.
Screening of user base and community feedback.
Background
?Background
Using multiple public facing sources across the web view a summary of a projects purpose, key achievements and general overview.
Collection of basic administrative documentation.
Risk Management
Last Updated
2025/4/16
Transparency
Transparency Score
Algorithmic assessment of a project’s transparency level, using multiple public data points to measure its commitment to compliance, documentation, and clarity in communication.
Transparency Score
Category Rank
A ranking that positions the organization among its industry peers, evaluating its relative performance based on key compliance, credibility, and transparency indicators.
Category Rank
Hyperliquid vs Banking & DeFi
VaaSBlock Rank
A global ranking that compares the organization against all entities listed on VaaSBlock, reflecting its overall credibility, transparency, and operational performance versus the full Web3 ecosystem.
VaaSBlock Rank
Hyperliquid vs All Listed Organizations
Transparency
Transparency Score
Transparency Score
Algorithmic assessment of a project’s transparency level, using multiple public data points to measure its commitment to compliance, documentation, and clarity in communication.
Category Rank
Hyperliquid vs Banking & DeFi
Category Rank
A ranking that positions the organization among its industry peers, evaluating its relative performance based on key compliance, credibility, and transparency indicators.
VaaSBlock Rank
Hyperliquid vs All Listed Organizations
VaaSBlock Rank
A global ranking that compares the organization against all entities listed on VaaSBlock, reflecting its overall credibility, transparency, and operational performance versus the full Web3 ecosystem.
RMA™
✘ UnverifiedCorporate Governance
The verification of fundamental governance, organizational structure, including verifying the entity’s legal registration and adherence to local laws and regulations.
Corporate
Governance

Team Proficency
Evaluation of an organization’s personnel, ensuring that crucial team members possess the expertise and dedication necessary to execute current business models and scale effectively.
Team
Proficiency

Technology & Security
Assessment of the organization’s technological framework, including blockchain integrations (where relevant), system architecture, and overall IT infrastructure.
Technology
& Security

Revenue Model
Comprehensively evaluation of a company’s income-generating strategies (how do they make or intend to make money), ensuring financial robustness and sustainability.
Revenue
Model

Results Delivered
The Results Delivered component of the RMA™ audit comprehensively evaluates an organization’s ability to achieve its goals and honor its commitments.
Results
Delivered

Planning & Transparency
The Planning and Transparency component of the RMA™ audit offers a thorough assessment of how an organization manages its workflow and prepares for unexpected challenges.
Planning &
Transparency

Technology
Website
Domain First Registered – September 2024
SSL Status – ✘ Not secure
Source Code
N/A
Marketing
Marketing Effectiveness
This score assesses the impact of detected marketing activity and the corresponding price movement of a token. The score understands whole market movements to ensure tokens are assessed fairly against peers.
Marketing Effectiveness
Confidence Index
This index determines our confidence in the score we have given. Generally, as more data is collected, the confidence index will increase. If a project has lots of activity, this confidence is earned faster.
Confidence Index
VaaSBlock Rank
This identifies where a project sits compared to all projects accessed for Marketing Effectiveness.
VaaSBlock Rank
Hyperliquid vs All Listed Organizations
Marketing Effectiveness
Marketing Effectiveness
This score assesses the impact of detected marketing activity and the corresponding price movement of a token. The score understands whole market movements to ensure tokens are assessed fairly against peers.
Confidence Index
Confidence Index
This index determines our confidence in the score we have given. Generally, as more data is collected, the confidence index will increase. If a project has lots of activity, this confidence is earned faster.
VaaSBlock Rank
Hyperliquid vs All Listed Organizations
VaaSBlock Rank
This identifies where a project sits compared to all projects accessed for Marketing Effectiveness.
No Chain No Gain™ Podcast ⛉
This Organization is yet to join the No Chain No Gain™ Podcast and share insights on what makes their business trustable and innovative.
💡 NCNG generated over 1 Million impressions in its first six months of existence.
PR Impact
PR Impact
VaaSBlock provides estimations to the impact that traditional digital media can have on a project. This is an early release; more areas of PR are planned in future versions.
Search Terms ? Search TermsThese are the terms we discovered the article for on page one of Google. | Est. Traffic ? Estimated TrafficWe estimate how much traffic an article will get. Generally, our estimations are slightly higher than those of more established tools. We are working on the algorithm all the time, and results could change. | Est. Value ? Estimated ValueBased on the estimated traffic we generate an estimation for what this traffic would have cost to generate if you tried to target these users with ads. The positions for the article on google and the location of the traffic are the major factors in this estimation. | |||
|---|---|---|---|---|---|
BlockDAG, Sui, Hyperliquid, Toncoin Gain Momentum on Strong … source: AInvest | BlockDAG, Sui, Hyper… Seen 2 hours ago BlockDAG, Sui, Hyperliquid, Toncoin Gain Momentum on Strong … source: AInvest | Organic | AInvest | ||
Hyperliquid Blockchain Protocol Supported By Chainstack source: Shweta Chakrawarty | Hyperliquid Blockcha… Seen 20 hours ago Hyperliquid Blockchain Protocol Supported By Chainstack source: Shweta Chakrawarty | Organic | Chainstack | ||
Hyperliquid – Dapps – IQ.wiki N/A | Hyperliquid – Dapps … Seen 2025-08-07 Hyperliquid – Dapps – IQ.wiki N/A | Organic | iq.wiki | ||
ETH Whale Grows $125K to $300M Through Hyperliquid Long … source: Shweta Chakrawarty | ETH Whale Grows $125… Seen 20 hours ago ETH Whale Grows $125K to $300M Through Hyperliquid Long … source: Shweta Chakrawarty | Organic | Coinfomania |
| Est. Traffic | Est. Value | ||
|---|---|---|---|
BlockDAG, Sui, Hyper… Seen 2 hours ago | |||
Hyperliquid Blockcha… Seen 20 hours ago | |||
Hyperliquid – Dapps … Seen 2025-08-07 | |||
ETH Whale Grows $125… Seen 20 hours ago |
Ratings
AlphaOverall
Aggregated Rating
The combined score with AI-driven weighted analysis to provide the best possible project rating.
5 verifications
Confidence Index
This index determines our confidence in the score we have given. Generally, as more data is collected, the confidence index will increase. If a project has lots of activity, this confidence is earned faster.
None
5 verifications
External Reviews
Third-party reviews are important for your reputation.We incorporate them into our Deep Due Diligence framework to provide a more comprehensive and transparent evaluation of each project. Collaborating with VaaSBlock ensures your reviews are not only acknowledged but actively contribute to building trust, improving your credibility, and maximizing the impact of your public reputation. Work with us now.
Background
Organization Name – Hyperliquid
Category –
Banking & DeFi
About
powered by
irmaAIHyperliquid is a decentralised perpetual futures exchange operating on its own purpose-built L1 blockchain, launched in 2023 by Jeff Yan and Iliensinc. The protocol’s stated volume figure of $1 trillion is project-claimed and requires independent verification through DefiLlama, Artemis, or comparable on-chain analytics before use in counterparty evaluation. The certified X following of 391,016, Discord of 56,700, and Telegram of 13,800 represent the largest combined social footprint in this batch.
All seven RMA™ pillars are Unverified. VB1 Business Registration is Unverified,… with headquarters listed as Unknown. Jeff Yan and Iliensinc are publicly identified founders, but no team members are registered in the VaaSBlock registry. The VBTransparencyScore of 6.32 places Hyperliquid at the 48.57th percentile, ranked 36th of 98 in the banking category. The prior VaaSBlock review noted this placement understates the protocol’s actual market position — a protocol with tier-1 CEX listings on Binance, Coinbase, and MEXC ranking 36th of 98 reflects the verification posture rather than the trading volume footprint.
The behavioral mechanism behind Hyperliquid’s 2024 growth is worth isolating: the HYPE token airdrop rewarded trading volume on the protocol itself, creating a direct feedback loop between using the product and accumulating the airdrop. This is a mechanic that exchange promotions have used in diluted form for years — but Hyperliquid’s version was structurally tied to an L1 token with real secondary market demand and a fixed supply schedule. The airdrop design selected for traders who were already committed enough to use a new DEX, not for passive speculators.
The perp DEX value capture question is whether the trading behaviour that the airdrop incentive created persists once that incentive diminishes. Trader retention on high-throughput perp DEXes is a function of execution quality, fee structure, and liquidity depth — dimensions where Hyperliquid’s Zellic-audited L1 architecture gives it a genuine infrastructure advantage over bridge-dependent DEXes. The regulatory and legal structure remains the opaque dimension. Read More
Creation Date
July 2026
Headquarters
Unknown
Organization Maturity Level
Growing Business
RMA™ Type
–
Useful Links
Website – hyperfoundation.org
Notable Achievements
2023
Launched mainnet and closed alpha.
2024
Achieved $15B daily trading volume.
2024
Introduced HyperBFT consensus mechanism.
2024
Launched HYPE token and HyperEVM.
2025
Surpassed $1 trillion total volume.
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- Banking & DeFi /
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