Hyperliquid (HYPE)

Ostium connects onchain trades to real underlying market liquidity.

Instead of forcing RWA perps into thin onchain order books, @OstiumLabs takes a different approach with quote-based execution, institutional liquidity providers, and a path toward an RFQ layer where designated LPs compete for user flow.

Execution can draw from real market depth and holding costs stay anchored to real-world carry instead of volatile perp funding. Slippage and financing become easier to model as trade size increases or holding periods extend.

For traders, that difference compounds into lower entry costs, more stable leverage costs, and fewer surprises from funding spikes or dislocations.

HYPE ZEC barbell might be the first respectable barbell to come out of crypto in a while.