| Unlock | 2/10 |
| Tokenomics | 7/10 |
| Insider | 8/10 |
| Onchain | 7/10 |
| Dev Activity | 1/10 |
| Revenue | 5/10 |
| Institutional | 6/10 |
| Etf | 3/10 |
| Market Structure | 8/10 |
| Security | 7/10 |
Hyperliquid has 24.1% supply circulating after the team slashed February's $305M unlock by 90%, releasing only 140K HYPE instead of 1.2M planned. Revenue reached $1.3B annualized with 72% perpetual DEX market share. The aggressive $644M Assistance Fund burn and proposed $1B additional burn demonstrate commitment to tokenomics. Daily volume averages $2.8B with 45,000+ active traders. The native L1 blockchain launched with sub-second finality. However, centralized sequencer control and large future unlocks remain concerns. Competition from established derivatives platforms poses ongoing risks to market share.