On the launch day of PaperTrade, a trader executed $10 million to $20 million market orders on Hyperliquid to move Ethereum perpetual prices

The largest smart-contract blockchain and its native asset ETH, covering protocol upgrades, staking, fee economics and institutional adoption.

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.