$ETH $HYPE HyperLiquid has been extremely popular recently. Through the HIP-3 protocol, users and institutions can purchase derivatives like stocks, crude oil, gold, and silver on-chain 24/7 without interruption. Recently, they finalized listing the S&P 500 index, and daily trading volume has been surging. Protocol revenue is also increasing accordingly. They have a mechanism where protocol revenue is used to repurchase HYPE tokens—part goes to staking rewards distribution, and the remainder is directly burned. They're burning tokens every day with increasing amounts because daily revenue keeps growing. This is clearly the future of top-tier financial markets.

For the first $25 million USD in trading volume, you can get cashback on trading fees, which you can use to trade US stocks (like Tesla, Nvidia), the S&P 500 index, gold, silver, and more—very convenient. Personally, I'm not planning to use Futu anymore since those platforms are subject to tax audits anyway.

If you want to trade crypto perpetuals, I recommend Hyena. The underlying infrastructure is actually supported by HyperLiquid, but the advantages are:

1. Hyena points that distribute USDe cash rewards once per week.
2. USDe used for perpetual contracts can earn 12% daily high-yield interest.

These two features don't exist on the main HyperLiquid site. However, the main site has better liquidity. If your trading amount isn't large, you don't necessarily need to go to the main HyperLiquid site—Hyena is sufficient.