RootData, a crypto data platform, released a new ecosystem map showing 30 core Web3 partners plugged into Hyperliquid’s layer-1 blockchain. The map illustrates how Hyperliquid is positioning itself as a fast L1 built from the ground up to run a full on-chain financial system. Users can build applications that connect with native components like its orderbook perpetuals DEX.
How Hyperliquid’s partner network is structured
At the funding and settlement layer, Hyperliquid works with major stablecoin issuers like Circle (USDC), Tether (USDT), and Ethena’s synthetic dollar stack. This ensures that derivatives and DeFi 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 external capital and data into Hyperliquid. 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 retail 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 clustering directly on Hyperliquid. These include Pendle-style yield products, Felix, HypurrFi, and HyperBeat. They extend the chain’s use cases from perpetuals into structured yield, credit, and other on-chain instruments. Across its ecosystem map, RootData counts 145 “quality projects” integrated with or built on Hyperliquid. These range from cross-chain bridges and oracles to trading tools and prime brokers like HyperLink and Hybra Finance. This suggests builders increasingly treat Hyperliquid as a base liquidity layer rather than a single-app venue.
On the institutional side, custodians like Anchorage Digital, BitGo, and Fireblocks appear among the 30 highlighted partners. This indicates Hyperliquid connectivity is being wired into the same infrastructure large funds use to hold and move assets across chains. Trading platforms, quant shops, and market-making firms including Bybit, trade.xyz, and IMC Trading are listed as ecosystem participants. They help deepen order books and make it easier to route size into and out of Hyperliquid markets.
Toward an on-chain CEX-style operating system
Taken together, RootData argues that Hyperliquid is continuously expanding around on-chain liquidity. The project is effectively trying 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 account ledger. Instead, every order, cancel, trade, and liquidation is executed on-chain at Hyperliquid’s base L1. External partners plug into that shared state rather than into siloed CEX databases. This aligns custody providers, wallets, and DeFi protocols around the same liquidity backbone.
RootData places this Hyperliquid map alongside earlier ecosystem illustrations for players like Mastercard and Crypto.com. The platform argues that public visualization of partner networks has become a key way for crypto projects to improve transparency and market trust. RootData explicitly welcomes Web3 projects to claim their information and continues to open more disclosure channels for business relationships. The company uses ecosystem maps to nominate Web3 partners for upstream clients such as Visa, Mastercard, Stripe, Coinbase, and now increasingly on-chain liquidity hubs like Hyperliquid.
