Allium Data Featured in Bloomberg Article on Hyperliquid: "The Little-Known Crypto Powerhouse Behind Billions in Trading"

DeFi’s “Little-Known Powerhouse” Enters the Institutional Conversation

In a new Bloomberg feature titled “The Little-Known Crypto Powerhouse Behind Billions in Trading,” reporter Muyao Shen profiles Hyperliquid, the decentralized exchange that has rapidly become one of the largest venues for perpetual futures trading.

The article examines Hyperliquid’s rise from a 15-person team to a key player processing billions in trading volume monthly — and how the platform is beginning to intersect with traditional finance. Bloomberg’s coverage frames this moment as a turning point for decentralized markets entering mainstream awareness.

Highlighting Allium’s Onchain Data

The report draws on Allium’s real-time onchain data, including estimates of Hyperliquid’s monthly revenues, to help quantify the platform’s growth. Allium’s data was used to provide an independent, transparent view of trading activity and protocol economics.

DeFi Meets Traditional Market Structure

Bloomberg notes that Hyperliquid’s recent developments — from Paradigm’s $888 million Nasdaq-listed vehicle providing exposure to its native token, to regulatory filings with the CFTC — mark a shift toward institutional engagement with decentralized systems.

At the same time, questions around governance, validator concentration, and regulatory oversight remain active topics of discussion, echoing similar dynamics across the digital asset space.

Tracking the Data Behind the Transition

Allium continues to monitor real-time blockchain market activity, helping financial institutions, funds, and regulators understand DeFi through transparent data infrastructure.

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“The Little-Known Crypto Powerhouse Behind Billions in Trading” — Bloomberg (October 2025)

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