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Daily Brief

Hyperliquid's Year of Winning

Perps exchange fever spread throughout 2025 and Hyperliquid led the way. As competition surges, can HYPE keep winning?

Sponsor: Coinbase — Borrow against your BTC or ETH on Coinbase, powered by Morpho.

You can now borrow against your ETH on Coinbase, powered by Morpho. Eligible customers can borrow up to $5M in USDC against their BTC and up to $1M in USDC against their ETH. Interest rates are variable, typically between 4% and 8%, and respond to market conditions. Repayment schedules are variable, so you can pay on your time. Plus, Coinbase will not treat borrow transactions as taxable events. Now there's a more accessible, cheaper way to cover life's unexpected expenses.

Looking back at crypto's 2025 growth, it's impossible not to fixate on Hyperliquid.

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Bankless

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It’s time to break up with your bank, and join the movement for a better world.

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