• DIME now holds 8.33% in Hyperliquid after adding the token on March 27.
• HYPE gained 15.2% in March as bitcoin products saw $194 million in outflows.
• The blockchain processes 200,000 transactions per second and has generated over $1 billion in annualized fees.

The CoinShares Altcoins ETF (DIME) added Hyperliquid (HYPE) to its portfolio on Friday, marking the actively managed fund’s bet on blockchain infrastructure designed to upgrade traditional financial market structure, according to CoinShares holdings data.

DIME now allocates 8.33% to HYPE, which climbed 15.2% in March even as bitcoin investment products saw $194 million in outflows, per CoinShares’ weekly fund flows report. The token ranks as the 11th largest cryptocurrency by market capitalization at approximately $9.2 billion, according to CoinMarketCap.

Hyperliquid operates as a blockchain built to modernize financial markets through transparency, open access, and high-speed performance. The platform processes up to 200,000 transactions per second while recording all transactions on a public ledger that anyone can view and verify in real time, according to Hyperliquid.

The network functions similarly to how Amazon Web Services provides cloud infrastructure for internet developers. Hyperliquid provides liquidity infrastructure for financial application builders, per Hyperliquid. Independent teams using this infrastructure have generated over $65 million in revenue through builder codes that monetize user activity.

The HYPE token serves as the economic engine for the ecosystem. More than $1 billion in annualized fees from platform activity goes toward programmatically buying back HYPE tokens, according to Hyperliquid. Token holders use HYPE to help secure the network, pay for network costs, receive trading fee discounts, and participate in governance decisions, per CoinMarketCap.

A permissionless set of independent validators secures the network using the HyperBFT consensus mechanism, which allows settlement times under one second, according to CoinMarketCap data. The ecosystem extends beyond trading. Additionally, it supports borrowing, lending, minting compliant stablecoins, and launching perpetual contracts on any asset, per Hyperliquid.

Development has been fully self-funded with no venture capital or external financing. Hyperliquid Labs leads core development, with multiple teams contributing to the blockchain and ecosystem, according to Hyperliquid.

HYPE has returned 174.31% over the past year, trading near $36 as of March 31, per CoinMarketCap data.

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