On July 2, Hyperliquid Research Collective and HL Eco announced a major partnership. The partnership will combine Hyperliquid Research Collective’s detailed research and analysis with HL Eco’s real-time analytics and data dashboards to make the Hyperliquid ecosystem easier for users to access.
We’re very excited to announce that we’ll be close partners with @hl_eco going forward.https://t.co/jrJD2TXCWx is one of the most comprehensive data platforms for Hyperliquid (if not the most comprehensive), and we’re pleased to announce that we’ll be working closely together… https://t.co/DsxZxDROxM pic.twitter.com/NgQPGyvEVL
— Hyperliquid Research Collective (HRC) (@HyperliquidR) July 2, 2026
The partnership will make the Hyperliquid network more accessible for normal users, analysts, investors, developers, etc.
HRC is an initiative launched by independent research firms GLC Research and Four Pillars with support from groups like HypurrCollective and Hyperion DeFi. It is working as the major research hub for the Hyperliquid blockchain. This initiative is also creating unbiased reports, such as quarterly and annual analyses on trading volumes, tokenomics, and growth in the ecosystem.
On the other side, HL ECO is working as the “House of all Hyperliquid,” which comes with more than 50 dashboards with all important activities happening on the Hyperliquid network, including trading activity, token performance, and projects.
HRC and HL Eco will Boost Ecosystem Transparency
According to the official announcement, HL Eco and Hyperliquid Research Collective will work on bettering various elements, including improving data sharing, website features, and others. The major impact of this partnership will be to provide great transparency for all users of the Hyperliquid network.
Hyperliquid Research Collective (HRC) stated in the post on X, “hl.eco is one of the most comprehensive data platforms for Hyperliquid (if not the most comprehensive), and we’re pleased to announce that we’ll be working closely together to further improve the website and the data shared with users, analysts, investors, community members, and builders.”
The partnership will aim to fill the information gaps for users. They will work on joint initiatives such as enhanced dashboards with research insights, more user-friendly analytics, and collaborative content to support developers on the network. This information is also crucial for traders.
“This collaboration makes a lot of sense in terms of the synergies and value we can create together, but most importantly, it makes a lot of sense on a human level,” stated in the post on X.
Hyperliquid Ecosystem Grows with New Collaborations
Hyperliquid is a popular Layer-1 blockchain network for the specific purpose of decentralized perpetual futures trading, along with an on-chain central limit order book. Amid the boom in the decentralized perpetual futures market, the network has witnessed a growth in total value locked, soaring above $5.76 billion. According to DeFiLlama, the cumulative perpetual volume on Hyperliquid is around $4.79 trillion.
The reason behind the growth in on-chain activities on the network is the low fees and high speed of transactions, with a throughput of more than 200,000 transactions per second.
With the growth of the network, HyperEVM is also expanding into the DeFi sector, which integrates an Ethereum-compatible virtual machine to open doors for DeFi applications like lending. This has boosted total value locked, with the HyperEVM ecosystem currently holding around $1 billion. It has also attracted builders with shared liquidity. Hyperliquid has also formed a partnership with BitMEX to launch the Hyperliquid Copy Trading.
Apart from this, there is major development around HIP upgrades such as HIP-3. The introduction of HIP-3 has introduced permissionless perpetual market deployment by supporting platforms like TradeXYZ for traditional assets such as stocks, indices, and commodities. After witnessing the success of HIP-3, in May, Hyperliquid also rolled out HIP-4, which has introduced prediction and outcome markets for event-based trading with unified collateral.
In May, Hyperliquid announced a partnership with Circle, an issuer of USDC. The blog post stated that “As these new markets emerge, Circle is becoming the technical deployer of USDC as an Aligned Quote Asset (AQA). The AQA spec enables stablecoins to structurally align with the protocol, and as technical deployer, Circle is responsible for reliable mint, redemption, and cross-chain transfer infrastructure for USDC on Hyperliquid.”
Apart from this, there is a major partnership formed between Coinbase and Hyperliquid after Coinbase extended its support for USDC on Hyperliquid by becoming the official treasury deployer of USDC as an Aligned Quote Asset (AQA).
