I suspect this belongs to the $HYPE alt season.

Reviewing opportunities in the #Hyperliquid ecosystem extension

$HYPE has surpassed $SUI, becoming the 11th ranked project by market capitalization.

Among the top 20 projects by market capitalization, only $HYPE, $SUI, and $TON are new coins in this round, while the others are classic old coins.

Let's take a look at what opportunities are available in the Hyperliquid ecosystem.

💠deBridge
◆Application Type: Cross-Chain Bridge.
◆Product Advantages: Instant cross-chain, with points and subsequent airdrops.
◆Product Limitations: Only supports $USDC of Hyperliquid and $HYPE of HyperEVM.
◆Applicable Scenarios: Cross-chain transfer into the Hyperliquid ecosystem | Transfer funds.

deBridge is likely one of the earliest projects to integrate into the Hyperliquid ecosystem, having supported the Hyperliquid ecosystem as early as March.

At that time, only deposits to HyperEVM and withdrawals from Hyperliquid were supported. Now, both deposits and withdrawals for HyperEVM and Hyperliquid are fully supported.

deBridge is a project that is very sensitive to Layer1 and Layer2, currently supporting cross-chain interactions among 26 ecosystems. Recently, the Plume mainnet has just gone live, and deBridge supports cross-chain interactions between the Plume ecosystem and the other 25 ecosystems, quickly providing a funding entry for RWAfi.

In addition, the deBridge token $DBR ( Northeasterners, the chart I created ) shows a bottoming pattern.

💠Defidotapp
◆Application Type: Chain Abstract-based DEX.
◆Product advantages: Aggregated Hyper
◆Product Limitations: Supports spot trading only, does not support perpetual futures.
◆Applicable scenarios: Use USDC to trade HyperEVM, as well as other MEME coins and mainstream coins across various chains, just like in CEX.

UniversalX directly listed the tokens of the HyperEVM ecosystem. It turns out that the largest MEME by market and liquidity in the HyperEVM ecosystem is $PURR, with a market capitalization of $130 million.

UniversalX has recently updated many features, supporting three trading modes: market orders, limit orders, and TWAP.

You can also set 8 preset modes yourself, where P is the price priority mode and S is the speed priority mode. UniversalX has set a default P1 strategy: double your investment to break even, and cut losses by half.

#UniversalX is now the DEX with the features and experience closest to a CEX. Although users need to deposit funds, it is different from single-chain channel DEXs like Hyperliquid. When users deposit funds into UniversalX, they are putting money into their own universal account, which is controlled by an external wallet.

You can buy a specific on-chain asset at any time, sell it at any time, and then go on to purchase other on-chain assets without the need for cross-chain transactions. This is because the underlying infrastructure of UniversalX is based on the Particle chain abstraction, which allows users to perform a series of operations such as buying and selling across chains seamlessly, without any awareness of the complexities, providing an experience akin to that in a CEX.

Moreover, if users want to trade leveraged contracts, they can go to MYX, connect the same external wallet, choose the general mode, and use their funds in the general account to trade perpetual futures.

💠CoinCall
◆Application type: exchange mainly for options (, of course, there are also spot and perpetual futures ).
◆Product Advantages: Professional Options Trading Product
◆Product Limitations: Options products relatively have thresholds.
◆Applicable Scenario: $HYPE Options.

CoinCall is an exchange focused on options products and is ranked as the 5th options exchange. CoinCall is known for its very user-friendly trading interface.

Call in the options field means bullish, so CoinCall means - bullish cryptocurrency. Among the top 5 options exchanges, CoinCall, although the youngest, is clearly born for options from its name. Therefore, in terms of options trading interface and product experience, CoinCall has an excellent reputation.

As an external creation of the HYPE ecosystem, CoinCall is the only trading platform that supports $HYPE options, providing $HYPE traders with more ways to play:

When the market is volatile, buy bullish or bearish $HYPE options.
Sell bearish or bullish $HYPE options during market fluctuations hourly.
Use $HYPE options to hedge $HYPE futures or spot.

💠Written at the end

Hyperliquid has risen to prominence due to its product experience and innovative listing methods, and has gone viral thanks to the overseas version, James. However, the HyperEVM ecosystem is still in its early stages, and this article introduces the opportunities within the Hyperliquid ecosystem's extension.

The DeBridge recommended in this article has supported the Hyperliquid ecosystem for over 3 months, serving as a very convenient funding gateway for Hyperliquid and HyperEVM, allowing cross-chain access from 18 ecosystems.

UniversalX allows for the direct trading of HyperEVM ecosystem tokens, and enables seamless switching between the HyperEVM ecosystem and other ecosystems without the need for cross-chain operations, providing an experience similar to that of CEX.

And CoinCall provides $HYPE investors with opportunities for options trading and hedging.