High lipids have emerged as a major crypto derivatives trading platform, particularly attracting attention from large investors, often referred to as whales.
High leverage support, fast trading speeds, low fees, strong security and dominant market share make it more similar to whales.
High lipids command more than 60% of the PERPS market share
Hyperliquid has become a standout name among the lasting futures platforms these days. Dune data shows Hyperliquid’s PERPS volume accounted for 62% over the past 24 hours, totaling over $10.8 billion. It also ranks top weekly trading volumes, exceeding $36.3 billion.
High lipids postpone trading volume. Source: Dune
With such impressive performance, high lipid PERPS currently holds more than 60% of its market share within its permanent futures platform. In particular, Hyperliquid’s open profits have recently hit a record high of over $4.9 billion. This figure reflects high liquidity and shows significant trust from high lipid trading communities, particularly whales.
“After the challenges of the first leveraged product in futures trading, the high lipids have been found to be fairly stable and we are building them to become the #1 futures index,” commented X User.
Exciting Whale Activities
The high-lipid whale trading activity is bustling with numerous large-scale transactions. According to Onchainlens, Crypto expert James Wynn currently holds multiple long positions with high lipids, with a total emerging profit of over $39 million.
These locations include Pepe (10x leverage), Playing cards (10x), BTC (40x), and Fartcoin (5x). He has made more than $46 million in just two months with high lipids from high leverage positions in meme coins like Bitcoin and Pepe.
Separately, the whales have recently deposited $10 million in USDC on high lipids, opening short positions in BTC, SOL and ETH with five times the leverage. Another whale injected $8.58 million into the high lipids and traded ETH with double leverage.
Previously, Zachxbt identified whales using high lipids and 50x leverage as a British cybercrime William Parker. Additionally, whale traders opened a 40x leveraged short position worth $423 million in BTC, attracting the attention of the entire market and sparking a wave of liquidation.
These transactions highlight whales’ preferences for high lipids and reflect the high risks they willing to take on the platform. However, questionable leveraged transactions for high lipids raise concerns about potential money laundering. So, what makes high lipids so attractive to whales?
Why is high lipids the best option?
Whales prefer high lipids due to the range of great benefits of the platform. One of the main reasons is its ability to provide high leverage and trading flexibility. Hyperliquid allows users to trade leverage in the range of 3x to 40x, and even up to 50x.
This particularly appeals to large investors who frequently seek for-profit opportunities despite significant risks.
Additionally, the platform utilizes HyperBft blockchain, a unique consensus mechanism that processes transactions in less than a second. This rapid speed allows whales to carry out large transactions without delay. High liquids also stand out with low trading fees. Moreover, its dominant market share plays a key role in attracting whales. High liquidity helps reduce transaction costs and slip risk. This is a key concern for whales in large volume trading.
High lipids offer many benefits to whales, but they also pose serious risks. Leveraged trading often leads to huge losses. Jelly listing is a typical example. High lipids faced a $230 million debt after a brief squeeze caused by jelly whales manipulating prices.
Hyperliquid responded to the jelly squeeze by reimbursing affected traders and implementing more stringent security measures to prevent future incidents.
Furthermore, regulatory pressure is another factor to consider. Bitget CEO Gracy Chen shared information about the platform’s KYC/AML issue.
“Despite its position as an innovative, decentralized exchange with a bold vision, high lipids act like an offshore CEX without KYC/AML, allowing for illegal tides and bad actors,” Gracie Chen said.
However, due to its major position and continued technological advancements, high lipids remain the best option for whales, especially as the crypto derivatives market grows.
