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Trade HYNA:LINK

Link (Hyena) (HYNA:LINK) Perpetuals on Hyperliquid

$8.63-0.98%
Volume 24h
$33.4K
Open Interest
$337.6K
Funding (8h)
+0.1250%
Sentiment
Neutral

Link (Hyena) (HYNA:LINK) is trading at $8.63, down 0.98% in the last 24 hours. The market sentiment is neutral with 50% of top traders holding long positions. Funding rate is positive at 0.1250%, indicating bullish pressure.

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Trade Link (Hyena) Perpetuals on Hyperliquid

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HYNA:LINK Data Pages

HYNA:LINK Funding RateHYNA:LINK LiquidationsHYNA:LINK Open Interest

HYNA:LINK Alerts

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About HIP-3 Builder-Deployed Perpetuals

HYNA:LINK is a HIP-3 asset deployed on the HYNA chain.

Overview

HIP-3, or Hyperliquid Improvement Proposal 3, enables fully decentralized, permissionless deployment of new perpetual markets on Hyperliquid. Also known as "Builder-Deployed Perpetuals", this represents one of the most significant developments for the protocol.

Deployment Mechanism

New markets are deployed via a Dutch auction every 31 hours. Participants bid the amount they're willing to pay, and the winner earns the right to launch. Deployers must stake 500,000 HYPE (approximately $21M) as a guarantee, ensuring market quality and user safety.

Market Parameters

The market operator chooses all key parameters: the oracle, margin and collateral asset, funding and liquidation parameters, the share of trading fees received (up to 50%), as well as the market's governance and management.

Strategic Value

HIP-3 reinforces Hyperliquid's position as infrastructure for on-chain finance. Each new market attracts traders, deepens liquidity, and drives HYPE demand. This enables permissionless access to trade equities, indices, commodities, FX, structured products, and prediction markets on-chain.

Frequently Asked Questions about HYNA:LINK

Link (Hyena) (HYNA:LINK) is currently trading at $8.63 on Hyperliquid perpetuals. The price has decreased by 0.98% in the last 24 hours.
The current HYNA:LINK funding rate is positive at 0.1250% per 8 hours. A positive funding rate means long positions pay short positions, indicating bullish market sentiment.
HYNA:LINK has a 24-hour trading volume of $33.4K on Hyperliquid perpetuals. High volume indicates strong market interest and typically means tighter spreads and better liquidity for traders.
The current open interest for HYNA:LINK perpetuals is $337.6K. Open interest represents the total value of all outstanding derivative contracts. Increasing open interest with rising prices typically indicates a bullish trend, while increasing OI with falling prices suggests bearish momentum.
HYNA:LINK is a HIP-3 (Builder-Deployed Perpetual) asset on Hyperliquid. HIP-3 enables permissionless deployment of new perpetual markets through a Dutch auction system. The HYNA chain prefix indicates this asset was deployed by a builder who won the auction by staking 500,000 HYPE. HIP-3 markets can include exotic assets like equities, commodities, FX, and more.
To trade HYNA:LINK on Hyperliquid: 1) Connect your wallet to Beacon or the Hyperliquid DEX, 2) Deposit USDC as collateral, 3) Select HYNA:LINK from the markets list, 4) Choose your leverage (up to 50x for major pairs), and 5) Enter your position size and execute. Beacon provides additional tools like trading signals, sentiment analysis, and liquidation alerts to help inform your trades.