Coinbase’s recent actions are bullish for Hyperliquid because of several key reasons.
Hyperliquid is now available on Coinbase. [HYPE] Perpetuals in the Base App. Takeaway: Users who are eligible can get exposure to more than 290 markets and benefit from leverage of up to 50x. Hyperliquid’s integration with Hyperliquid is expected to increase both liquidity and user numbers, as well as provide much needed publicity.
The reason why it’s important is directly related to the chart that follows. Coinglass data shows that the open interest in cryptos reached a high of nearly $220 billion just before the crash. Open Interest is reclaiming over $130 billion, which shows how leverage continues to grow.
On-chain data shows that there is a growing interest in the derivatives market in cryptocurrency.
Coinbase has a clear intention to take advantage of the growing speculative market by integrating Hyperliquid in the Base App. Coinbase sees the integration of Hyperliquid in its ecosystem as an opportunity to provide its users with alternative derivatives. Hyperliquid’s immediate concern is the ability to increase volume, user base and diversify liquidity.
This integration is a question that many people ask. Hyperliquid?
Hyperliquid could benefit from Coinbase’s timing
Hyperliquid’s selection by Coinbase as a protocol for integration shows the potential of Hyperliquid.
Hyperliquid’s perpetuals platform is DEX-focused, as opposed to the data shown above that shows the leverage across CEXs. The volume growth can be correlated to the on-chain liquidity and derivatives use. As the below data suggests, it seems that this is the case. This explains Coinbase’s recent decision.
In the above chart, you can see that trading volumes of DEX perpetuals reached their peak in Q4 2020, just before the collapse of the stock market. Yes, the quarterly volumes have fallen since then, closing Q2 of 2026 at about $1.8 trillion. The market is now recovering and DEX perpetuals are gaining a lot of growth potential. This could give Hyperliquid more share in the rapidly growing on-chain market.
Coinbase has a lot to offer in this respect. move It is a good time to look.
Base App’s potential to access 290+ market has the ability to drive users and liquidity into Hyperliquid, as perpetual on-chain trading booms once again. Hyperliquid, on the other hand, is in a good position to directly benefit from these developments.
Final summary
- Coinbase adds Hyperliquid perps in Base App to give users access to more than 290 markets.
- Hyperliquid can benefit from the growing demand of on-chain derivatives as DEX perps activities recovers.
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Source: ambcrypto.com
