21Shares Launches Hyperliquid ETP on SIX Swiss Exchange, Bringing $2 Trillion DeFi Platform Into Traditional Finance

A major milestone in the intersection of decentralized finance and traditional markets has been reached. 21Shares, the world’s largest issuer of crypto exchange-traded products (ETPs), has officially launched the 21Shares Hyperliquid ETP (Ticker: HYPE, ISIN: CH1471826029) on the SIX Swiss Exchange. The listing opens the door for institutional and retail investors in Europe to gain direct exposure to Hyperliquid, a fast-growing decentralized trading platform that has already processed more than $2 trillion in cumulative trading volume since its inception in 2023.

The launch marks one of the boldest moves yet to bring decentralized perpetual futures into the regulated financial system. With Hyperliquid now represented in an ETP on Switzerland’s leading stock exchange, the asset is gaining a level of legitimacy and accessibility rarely seen for decentralized projects.

Source: X

Hyperliquid’s Meteoric Rise in Blockchain Finance

Hyperliquid’s trajectory has been nothing short of extraordinary. Since launching just two years ago, the platform has rapidly become a leader in decentralized perpetual futures, commanding nearly 80 percent of the decentralized derivatives market share. Average daily trading volume now exceeds $8 billion, a figure that places Hyperliquid on par with some of the largest centralized exchanges in the world.

Unlike many decentralized exchanges that rely on external price oracles or partial off-chain systems, Hyperliquid runs entirely on-chain, powered by its own blockchain infrastructure and the HyperEVM, a high-performance virtual machine designed to allow developers to build seamlessly within its ecosystem. This complete on-chain architecture provides transparency, security, and an unprecedented level of efficiency for derivatives trading.

The platform’s rapid adoption reflects a growing shift in crypto markets: derivatives, long dominated by centralized exchanges, are increasingly moving into decentralized environments where traders retain greater control over their assets. Hyperliquid’s success has put it at the forefront of this transformation.

Tokenomics Driving Investor Confidence

One of the strongest features of Hyperliquid has been its economic design, which has directly fueled investor demand for the HYPE token.

The protocol employs an aggressive buyback model in which 95 percent of platform revenue is used daily to repurchase HYPE tokens from the market. This creates consistent upward pressure on demand and ensures that revenue directly benefits token holders. To date, the system has already facilitated over $1 billion in token buybacks, making it one of the most aggressive economic models in decentralized finance.

Financial sustainability is another defining feature. The platform now generates more than $56 million in monthly income, proving that Hyperliquid is not only growing rapidly but also self-sustaining. Importantly, 76 percent of the total token supply has been allocated to the community, ensuring broad-based participation, while the team’s own tokens remain locked until 2028, signaling long-term commitment.

The results have been dramatic. The HYPE token currently trades at approximately $44.01, representing a staggering 1,275 percent increase since launch. This growth underscores both the strong fundamentals of the project and the confidence of the global trading community in Hyperliquid’s long-term prospects.

Why the SIX Swiss Exchange Listing Matters

The decision to list the 21Shares Hyperliquid ETP on SIX Swiss Exchange is about more than convenience. It represents a turning point in how decentralized finance is integrated into global markets.

By providing investors with a regulated, exchange-traded product, 21Shares has created a bridge between institutional capital and one of the most innovative trading platforms in crypto. For the first time, investors can gain exposure to Hyperliquid through the same regulated infrastructure they use for traditional assets, such as equities and bonds.

This is particularly significant because institutional investors have long sought ways to access high-growth decentralized assets without the regulatory uncertainty or technical hurdles of on-chain participation. With the launch of this ETP, that barrier has been significantly reduced.

Hany Rashwan, CEO and co-founder of 21Shares, said in a statement: “The multi-trillion-dollar crypto derivatives market is moving on-chain, and Hyperliquid is leading the way. Our new ETP brings this next-generation infrastructure to traditional portfolios, marking an important step in connecting DeFi innovation with global finance.”

Switzerland has played a leading role in this shift. Known as one of the most crypto-friendly jurisdictions in the world, the country has consistently supported financial innovation, and the SIX Swiss Exchange has emerged as a hub for crypto ETPs. The listing of the Hyperliquid product further strengthens Switzerland’s position at the forefront of the digital asset economy.

A New Benchmark for Decentralized Finance

The Hyperliquid ETP is more than a single product—it could serve as a blueprint for how other decentralized platforms enter mainstream finance. By leveraging regulated markets while maintaining the integrity of on-chain trading, the project sets new standards for accessibility, transparency, and investor protection.

For investors, the product offers regulated exposure to an asset that is already demonstrating explosive adoption and strong financial performance. For the broader industry, it signals that DeFi is no longer confined to niche markets but is now making inroads into the institutional financial system.

Experts note that if Hyperliquid continues to sustain its current growth trajectory, the ETP could quickly become one of the most actively followed crypto-linked securities in Europe. With buybacks driving token scarcity, daily revenues surpassing tens of millions, and a proven community-driven model, HYPE represents one of the most compelling cases for DeFi’s ability to scale sustainably.

The Road Ahead for Hyperliquid

Looking forward, the integration of Hyperliquid into regulated exchanges could spark further expansion into new markets and products. Analysts expect that other jurisdictions may soon follow Switzerland’s lead, potentially paving the way for listings on exchanges across Asia and North America.

Source: X

Meanwhile, the project’s development team continues to push forward with enhancements to the HyperEVM and additional tools for developers. By broadening its ecosystem and encouraging on-chain innovation, Hyperliquid aims to solidify its dominance in decentralized derivatives while branching into other areas of decentralized finance.

As adoption accelerates, the listing on SIX Swiss Exchange ensures that Hyperliquid is no longer seen as a fringe crypto experiment but as a central player in the evolving global financial infrastructure.

Conclusion

The launch of the 21Shares Hyperliquid ETP on SIX Swiss Exchange underscores a seismic shift in the global financial landscape. It represents the moment where decentralized trading platforms cross firmly into the regulated mainstream, providing investors with secure, institutional-grade access to one of the most rapidly growing assets in blockchain.

With its powerful tokenomics, unmatched trading volumes, and strong path toward long-term sustainability, Hyperliquid is proving that decentralized finance is not just an alternative—it is the future of financial markets. And with the backing of 21Shares and the Swiss financial system, that future just became a lot closer.

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