According to Lookonchain, trader Machi (@machibigbrother) was liquidated six additional times and then deposited 250K USDC to Hyperliquid to continue long positions in ETH and HYPE (source: Lookonchain). Lookonchain linked the trader’s entity page on Arkham Intelligence for wallet tracking and verification of on-chain activity (source: Lookonchain). This pattern indicates ongoing leveraged long exposure on Hyperliquid’s ETH and HYPE perpetuals, increasing vulnerability to further deleveraging if adverse price moves persist (source: Lookonchain). Traders can monitor liquidation levels, funding, and open interest on Hyperliquid’s ETH and HYPE perps to gauge squeeze or cascade risk tied to this wallet’s activity (source: Lookonchain).

According to @ai_9684xtpa, HYPE rallied 28.5% in 24 hours as wallet 0x8de...92dae ranked Top 2 for Hyperliquid HYPE longs, holding 1,227,650.23 HYPE (~$41.19M) with a $22.36 average entry and a $33.6 mark price, showing about $13.72M in unrealized profit. According to @ai_9684xtpa, the same address also holds a short on SOL with an unrealized loss of about $1.255M, and the wallet can be tracked via hyperbot.network/trader/0x8def9f50456c6c4e37fa5d3d57f108ed23992dae.

According to @dydxfoundation, dYdX Governance approved a BONK integration that enables a community-aligned derivatives deployment powered by dYdX, with 50% of fees flowing to the BONK DAO (source: dYdX Foundation on X, Dec 29, 2025). The same source stated that distribution remains a key theme, highlighting the fee-sharing structure for BONK ecosystem participants (source: dYdX Foundation on X, Dec 29, 2025).

According to Miles Deutscher, active crypto traders in 2025 face significant challenges due to the need to constantly monitor the market, manage spot portfolios, stay updated on holdings, engage in short-term perpetual trading, conduct on-chain transactions, participate in ICOs and pre-market opportunities, and build networks both online and offline (source: @milesdeutscher, Twitter, June 17, 2025). Traders must prioritize efficient time management tools and up-to-date analytics platforms to optimize performance across spot, perpetual, and on-chain markets. These demands highlight the importance of integrating real-time portfolio tracking and algorithmic trading strategies to maintain a competitive edge in the evolving crypto landscape.

According to @PolynomialFi, the launch of Polynomial 2.5 significantly upgrades the perpetual trading experience with 5x faster trade execution, integrated yield generation, and access to 100,000 $OP rewards in Season 3 (source: PolynomialFi Twitter, May 13, 2025). The update is powered by @ether_fi, @SolvProtocol, and @LidoFinance, enabling traders to utilize leading DeFi protocols for enhanced liquidity and staking while trading their favorite assets. These improvements can drive increased user activity and trading volume, potentially impacting $OP and related DeFi tokens positively in the crypto derivatives market.

According to Miles Deutscher, Hyperliquid has significantly increased its market share in perpetual trading volumes, now accounting for 9% of Binance's volume, up from 2% before the $HYPE token launch in December.

According to @rovercrc, Dexodus Finance has launched Phase 3 of its Private Mainnet, offering exclusive access to decentralized perpetual trading for 500 new traders. Traders can execute a trade on their platform to gain entry to this advanced trading environment.