Hyperliquid season might be the biggest narrative to watch in 2026, I believe.

> TradFi has already started jumping into $HYPE after the first Hype ETF was approved for trading:
> Goldman Sachs sold BTC and ETH to buy $HYPE.
> Grayscale is buying $HYPE and preparing for their Hype ETF.
Circle bought and staked $HYPE, sharing 90% of their USDC yield for HL.
CT has started comparing $HYPE vs $SOL. So if we had the SOL season back then, we will have a Hyperliquid season ready.
If you missed $HYPE, I think you can start finding the next opportunity in its ecosystem. Some potential projects on HL that are on my radar now:
– @altdotfun | $ALT | $4M Mcap: innovative launchpad platform with leverage UNDERLYING assets
– @hyperlendx | $HPL | $4.8M Mcap: top 1 lending on HyperEVM, $487M TVL but Mcap is tiny
– @PiPonHL | $PIP | $3.3M Mcap: memecoins, the 1st launched on HypurrFun
Tokenless projects to watch:
– @prjx_hl: A first of its kind DEX on HyperEVM, $1.86B dex volume in 30 days
– @alturax: an on-chain capital management protocol, $23.78M TVL, token airdrop confirmed
– @HypurrFi: lending, $17.7M TVL
– @hyperbeat: yield aggregator, raised $5.2M, $46M TVL
– @monetrix_xyz: YieldMaxxing protocol, the Ethena version on Hyperliquid
– @ryskfinance: option strategies protocol, currently running a points system for traders
– @ProprXYZ: a prop fund firm with airdrop confirmed, TGE in August