RootData, a crypto data platform, has released a new ecosystem map showing 30 core Web3 partners connected to Hyperliquid’s layer 1 blockchain. The map illustrates how Hyperliquid is positioned as a fast L1 built from the ground up to run a complete on-chain financial system. Users can create applications that connect to native components like its DEX perpetual order book.
How is Hyperliquide’s partner network structured?
At the funding and settlement level, Hyperliquid works with major stablecoin issuers like Circle (USDC), Tether (USDT), and the Ethena synthetic dollar stack. This ensures that DeFi derivatives and services on the network operate in a dollarized environment. Under the hood, cross-chain and Oracle infrastructure such as Chainlink, Axelar, deBridge, and Ripple-related rails feed Hyperliquid with capital and external data. These connections help maintain sub-second block times needed for fast trading.
On the user side, wallets and interfaces including Phantom, Rabby Wallet and DeBank are key partners. They reduce friction for individuals and power users interacting with Hyperliquid’s L1 and its DeFi protocols.
DeFi protocols and institutions around hyperliquid liquidity
RootData notes that more native DeFi protocols have started to aggregate directly on Hyperliquid. These include Pendle, Felix, HypurrFi and HyperBeat style performance products. They extend on-chain use cases from perpetuals to structured yields, credit, and other on-chain instruments. Across its entire ecosystem map, RootData counts 145 “quality projects” integrated or built on Hyperliquide. These range from cross-chain bridges and oracles to trading tools and prime brokers like HyperLink and Hybra Finance. This suggests that builders are increasingly treating Hyperliquide as a core liquidity layer rather than a single-application venue.
On the institutional side, depositories like Anchorage Digital, BitGo and Fireblocks are among the 30 partners highlighted. This indicates that Hyperliquid connectivity is connected to the same infrastructure used by large funds to hold and move assets across chains. Trading platforms, quant shops and market making companies including Bybit, trade.xyz and IMC Trading are listed as participants in the ecosystem. They help deepen order books and facilitate the flow of size into and out of hyperliquid markets.
Towards an on-chain CEX style operating system
Overall, RootData argues that Hyperliquid is continually growing around on-chain liquidity. The project effectively attempts to replicate the ecosystem model of a centralized exchange: market structure, funding currencies, custody, front-ends and institutional access. However, the core is no longer an internal ledger. Instead, every order, cancellation, transaction, and liquidation is executed on-chain at Hyperliquid’s L1 base level. External partners connect to this shared state rather than siled CEX databases. This aligns custody providers, wallets, and DeFi protocols around the same liquidity network.
RootData places this Hyperliquid card alongside previous illustrations of the ecosystem for players like Mastercard and Crypto.com. The platform claims that public viewing of partner networks has become a key way for crypto projects to improve market transparency and trust. RootData explicitly welcomes Web3 projects to claim their information and continues to open more disclosure channels for business relationships. The company uses ecosystem cards to designate Web3 partners for upstream clients such as Visa, Mastercard, Stripe, Coinbase, and now increasingly on-chain liquidity centers like Hyperliquid.
