RootData has released a detailed map showcasing 30 core Web3 collaborators that are integrating with Hyperliquid’s layer-1 blockchain as the platform evolves into a comprehensive on-chain liquidity operating system. The ecosystem spans stablecoins, cross-chain infrastructure, wallets, DeFi protocols, institutional custody, and trading venues, collectively forming a robust financial stack.
Hyperliquid’s broader ecosystem now includes 145 high-quality projects, indicating a shift where developers view Hyperliquid as a foundational liquidity layer rather than just another trading venue. Key custodians like Anchorage Digital, BitGo, and Fireblocks are among the partners, enabling institutional capital to flow into Hyperliquid’s L1. Trading firms such as Bybit, trade.xyz, and IMC Trading are also listed, helping to deepen order books and facilitate large-scale market making.
The stablecoin layer includes integrations with Circle’s USDC, Tether’s USDT, and Ethena’s synthetic dollar, ensuring native dollarization for derivatives and DeFi. Cross-chain and oracle infrastructure from Chainlink, Axelar, deBridge, and Ripple-related rails provide standardized data feeds and capital routes while maintaining low latency. On the user front, wallets like Phantom, Rabby Wallet, and DeBank reduce friction for retail and power users interacting with Hyperliquid’s L1 and DeFi applications.
DeFi protocols such as Pendle-style yield products, Felix, HypurrFi, and HyperBeat are building natively on Hyperliquid, extending use cases beyond perpetuals into structured yield, credit, and other instruments. The institutional side is reinforced by prime brokers like HyperLink and Hybra Finance. RootData argues that Hyperliquid is replicating the ecosystem model of centralized exchanges but with all operations executed on-chain, transforming custody, front-ends, and institutional access around a shared liquidity backbone. This visualization effort aligns with RootData’s practice of mapping partner networks for major players like Mastercard and Crypto.com, enhancing transparency and trust in the crypto space.