1.46M
6.67M
2025-08-23 14:00:00 ~ 2025-09-01 12:30:00
2025-09-01 14:00:00 ~ 2025-09-01 18:00:00
Total supply100.00B
Resources
Introduction
World Liberty Financial, Inc. is inspired by Donald J. Trump’s vision to pioneer a new era of Decentralized Finance (DeFi), with a mission to democratize financial opportunities and strengthen the US Dollar’s global status through US dollar-based stablecoins and DeFi applications.
The Second Half of the Liquidity War: In-depth Analysis of Hyperliquid’s “AWS-ization” Transformation and the Path to Ecosystem Breakthrough. Written by: esprit.hl Translated by: AididiaoJP, Foresight News In recent weeks, there has been growing concern within the industry about the future development of Hyperliquid. Loss of market share, the rapid rise of competitors, and an increasingly crowded derivatives track all point to a core question: what is really happening beneath the surface? Has Hyperliquid already peaked, or is the market’s current interpretation overlooking deeper structural signals? This article will dissect the situation layer by layer for you. Phase One: Comprehensive Leadership Period (Early 2023 – Mid 2025) During this period, Hyperliquid’s key metrics repeatedly hit new highs and its market share continued to grow, mainly due to the following structural advantages: Points incentive system: Effectively attracted market liquidity. First-mover advantage in launching new contracts: For example, being the first to launch contracts like TRUMP and BERA, making it the platform with the most abundant liquidity for new trading pairs and the preferred choice for pre-market trading (such as PUMP, WLFI, XPL). Traders had to use Hyperliquid to capture emerging trends, pushing its competitive advantage to the peak. User experience: Top-tier interface and user experience among perpetual contract DEXs. Lower fees: More cost-effective compared to centralized exchanges. Launch of spot trading: Opened up new use cases. Ecosystem building tools: Including Builder Codes, HIP-2 proposals, and HyperEVM integration. Extremely high stability: Maintained zero service interruption even during major market fluctuations. Thanks to these advantages, Hyperliquid’s market share grew continuously for over a year, reaching a peak of 80% in May 2025. (Market share of perpetual contract trading volume according to @artemis data) At that time, the Hyperliquid team was far ahead in both innovation and execution, and there was no truly competitive product in the entire ecosystem. Phase Two: Period of Stagnant Growth: “Liquidity AWS” Strategy and Intensified Competition Since May 2025, Hyperliquid’s market share has plummeted, dropping from about 80% to nearly 20% by early December. (Market share of @HyperliquidX according to @artemis data) This relative loss of growth momentum is mainly attributed to the following points: 1. Strategic focus shifted from B2C to B2B Hyperliquid did not continue to deepen the pure B2C model (such as launching its own mobile app or continuously rolling out new perpetual contract products), but instead shifted to a B2B strategy, aiming to become the “AWS of liquidity” (Amazon Web Services). The core of this strategy is to build infrastructure for external developers to use, such as Builder Codes for front-end use and HIP-3 for launching new perpetual contract markets. However, this shift means handing over some product deployment rights to third parties. In the short term, this strategy is not optimal for attracting and retaining liquidity. The infrastructure is still in its early stages, market adoption takes time, and external developers currently lack the user reach and trust that the Hyperliquid core team has built up over the long term. 2. Competitors seizing the opportunity to capture the market Unlike Hyperliquid’s new strategy, competitors have maintained a fully vertically integrated model, allowing them to move much faster when launching new products. By controlling the entire execution process, these platforms retain full control over product launches and can leverage established user trust to expand rapidly. This makes them far more competitive at this stage than in the first phase. This directly translates into market share gains. Today, competitors not only offer the full suite of products available on Hyperliquid, but have also launched features that Hyperliquid has yet to roll out, such as Lighter’s spot market, perpetual stocks, and forex trading. 3. Lack of incentives and liquidity migration Hyperliquid has not launched any official incentive campaigns for over a year, while its main competitors have. For example, Lighter, which currently leads in trading volume market share (about 25%), is still in the pre-token “points incentive season.” (Market share of @Lighter_xyz according to @artemis data) In the DeFi world, liquidity is essentially profit-driven. A large portion of the trading volume flowing from Hyperliquid to Lighter (and other platforms) is likely motivated by incentives and potential airdrops. As with most perpetual contract DEXs running points incentives, Lighter’s market share is expected to decline after its token launch. Phase Three: The Rise of HIP-3 and Builder Codes As mentioned above, building the “AWS of liquidity” is not the optimal short-term strategy. But in the long run, it is precisely this strategic positioning that gives Hyperliquid the potential to become the core hub of global finance. Although competitors have replicated most of Hyperliquid’s current features, the true source of innovation still lies within Hyperliquid. Builders developing on Hyperliquid can focus on specific areas and develop more targeted product strategies on top of the evolving infrastructure. In contrast, protocols that remain fully vertically integrated (such as Lighter) will face more limitations when trying to optimize multiple product lines simultaneously. Although HIP-3 is still in its early stages, its long-term influence is already beginning to show. Major participants such as @tradexyz have launched perpetual stocks, and @hyenatrade has recently deployed a terminal for trading USDe. More experimental markets are emerging, such as @ventuals, which offers pre-IPO asset exposure, and @trovemarkets, which focuses on niche speculative markets like Pokémon or CS:GO assets. It is expected that by 2026, HIP-3 market trading volume will account for a significant share of Hyperliquid’s total trading volume. (HIP-3 market trading volume created by builders) The ultimate key to Hyperliquid regaining dominance lies in the synergy between HIP-3 and Builder Codes. Any front-end integrated with Hyperliquid can instantly access all HIP-3 markets, thus offering unique products to its users. Therefore, builders are highly motivated to create new markets through HIP-3, as these markets can be easily accessed by any compatible front-end (such as Phantom, MetaMask, etc.), thereby tapping into new sources of liquidity—a perfect growth flywheel. The continued development of Builder Codes makes me increasingly optimistic about their potential for revenue generation and user growth. (Builder Codes revenue according to @hydromancerxyz data) (Builder Codes daily active users according to @hydromancerxyz data) Currently, the main users of Builder Codes are still crypto-native applications such as Phantom, MetaMask, and BasedApp. But I expect that in the future, a new type of “super app” built on Hyperliquid will emerge, aiming to attract a completely new user base that is not crypto-native at all. This is very likely the path for Hyperliquid to enter its next phase of scale expansion.
Original Title: Hyperliquid Growth Situation Original Author: @esprisi0 Translation: Peggy, BlockBeats Editor's Note: Hyperliquid once dominated the decentralized derivatives sector, but its market share plummeted sharply in the second half of 2025, drawing industry attention: has it peaked, or is it laying out the next stage? This article reviews Hyperliquid’s three phases: from a peak market share of 80% and extreme dominance, to a loss of momentum dropping to 20% due to strategic transformation and intensified competition, and finally to a resurgence centered on HIP-3 and Builder Codes. The following is the original text: In recent weeks, concerns about Hyperliquid’s future have been mounting. The loss of market share, rapidly rising competitors, and an increasingly crowded derivatives track have raised a key question: what is really happening beneath the surface? Has Hyperliquid already peaked, or is the current narrative overlooking deeper structural signals? This article will break it down one by one. Phase One: Extreme Dominance From early 2023 to mid-2025, Hyperliquid continuously set new historical highs on key metrics and steadily increased its market share, thanks to several structural advantages: An incentive mechanism based on points attracted massive liquidity; a first-mover advantage in launching new perpetual contracts (such as $TRUMP, $BERA) made Hyperliquid the most liquid venue for new trading pairs and the preferred platform for pre-listing trading (such as $PUMP, $WLFI, XPL). To avoid missing emerging trends, traders were forced to flock to Hyperliquid, pushing its competitive edge to the peak; among all perpetual DEXs, it offered the best UI/UX experience; fees were lower than centralized exchanges (CEX); spot trading was launched, unlocking new use cases; Builder Codes, HIP-2, and HyperEVM integration; and even during major market crashes, it achieved zero downtime. As a result, Hyperliquid’s market share grew for over a year, reaching a peak of 80% in May 2025. Perpetual contract trading volume market share data provided by @artemis At that stage, the Hyperliquid team was clearly ahead of the entire market in terms of innovation and execution speed, with no truly comparable product in the entire ecosystem. Phase Two: The Rise of "Liquidity AWS" and Accelerated Competition Since May 2025, Hyperliquid’s market share has plummeted, dropping from about 80% to nearly 20% of trading volume by early December. @HyperliquidX market share (data source: @artemis) This relative loss of momentum compared to competitors can be attributed to several factors: Strategic Shift from B2C to B2B Hyperliquid did not double down on the pure B2C model, such as launching its own mobile app or continuously rolling out new perpetual contract products. Instead, it chose to shift to a B2B strategy, positioning itself as the "AWS of liquidity." This strategy focused on building core infrastructure for external developers, such as Builder Codes for frontends and HIP-3 for launching new perpetual markets. However, this transformation essentially handed over the initiative of product deployment to third parties. In the short term, this strategy was not ideal for attracting and retaining liquidity. The infrastructure was still in its early stages, adoption takes time, and external developers did not yet have the distribution capability and trust that the Hyperliquid core team had built up over the long term. Competitors Seizing the Opportunity During Hyperliquid’s Transition Unlike Hyperliquid’s new B2B model, competitors remained fully vertically integrated, allowing them to significantly accelerate the launch of new products. Because they did not need to delegate execution, these platforms maintained full control over product launches and quickly expanded by leveraging their established user trust. As a result, they became more competitive than in the first phase. This directly translated into market share growth. Competitors now not only offered all the products available on Hyperliquid, but also launched features not yet available on HL (for example, Lighter introduced spot markets, perpetual stocks, and forex). Incentives and "Mercenary Liquidity" Hyperliquid has not run any official incentive programs for over a year, while its main competitors remain active. The current market share leader in trading volume, Lighter (about 25%), is still in the pre-TGE points season. @Lighter_xyz market share (data source: @artemis) In DeFi, liquidity is more "mercenary" than anywhere else. A significant portion of the trading volume flowing from Hyperliquid to Lighter (and other platforms) is likely driven by incentives and related to airdrop farming. Like most perpetual DEXs running points seasons, Lighter’s market share is expected to decline after TGE. Phase Three: The Rise of HIP-3 and Builder Codes As mentioned earlier, building the "AWS of liquidity" is not the optimal short-term strategy. However, in the long run, this model is precisely what gives Hyperliquid the potential to become the core hub of global finance. Although competitors have already copied most of Hyperliquid’s current features, true innovation still originates from Hyperliquid. Developers building on Hyperliquid benefit from domain specialization, allowing them to formulate more targeted product development strategies on top of ever-evolving infrastructure. In contrast, protocols like Lighter, which remain fully vertically integrated, will face limitations when optimizing the development of multiple product lines simultaneously. HIP-3 is still in its early stages, but its long-term impact is already beginning to show. The main participants include: @tradexyz has launched perpetual stocks @hyenatrade recently deployed a trading terminal for USDe More experimental markets are emerging, such as @ventuals offering pre-IPO exposure, and @trovemarkets targeting niche speculative markets like Pokémon or CS:GO assets It is expected that by 2026, HIP-3 markets will account for a significant share of Hyperliquid’s total trading volume. HIP-3 trading volume (by Builder) The key driver that will ultimately restore Hyperliquid’s dominance is the synergy between HIP-3 and Builder Codes. Any frontend integrated with Hyperliquid can instantly access the full HIP-3 market, thereby offering users unique products. Therefore, developers are strongly motivated to launch markets via HIP-3, as these markets can be distributed on any compatible frontend (such as Phantom, MetaMask, etc.) and tap into entirely new sources of liquidity. This is a perfect virtuous cycle. The continued development of Builder Codes makes me more optimistic about the future, both in terms of revenue growth and active user growth. Builder Codes revenue (data source: @hydromancerxyz) Builder Codes daily active users (data source: @hydromancerxyz) Currently, Builder Codes are mainly used by crypto-native applications (such as Phantom, MetaMask, BasedApp, etc.). However, I expect that in the future, a new class of super apps built on Hyperliquid will emerge, aiming to attract entirely non-crypto-native new user groups. This is likely to become the key path for Hyperliquid to scale to the next stage, and will be the focus of my next article.
Original Article Title: Hyperliquid Growth Situation Original Article Author: @esprisi0 Translation: Peggy, BlockBeats Editor's Note: Hyperliquid once dominated the decentralized derivatives track, but in the second half of 2025, its market share plummeted rapidly, sparking industry attention: has it peaked, or is it positioning for the next stage? This article reviews Hyperliquid's three stages: from the ultimate dominance with a market share soaring to 80%, to strategic transformation and accelerated competition leading to a loss of momentum down to 20%, and then to a re-emergence centered around HIP-3 and Builder Codes. The following is the original text: Over the past few weeks, concerns about the future of Hyperliquid have escalated. The loss of market share, rapidly rising competitors, and increasingly crowded derivatives track have raised a key question: what exactly is happening beneath the surface? Has Hyperliquid already peaked, or is the current narrative overlooking deeper structural signals? This article will dissect it one by one. Stage One: Ultimate Dominance From early 2023 to mid-2025, Hyperliquid consistently hit historical highs in key metrics and steadily increased its market share, thanks to several structural advantages: A points-based incentive mechanism that attracted a large amount of liquidity; a first-mover advantage in launching new perpetual contracts (such as $TRUMP, $BERA), making Hyperliquid the most liquid venue for new trading pairs and the preferred platform for pre-listing trading (such as $PUMP, $WLFI, XPL). To not miss out on emerging trends, traders were compelled to flock to Hyperliquid, driving its competitive edge to its peak; best UI/UX experience among all perpetual contract DEXs; lower fees compared to centralized exchanges (CEXs); introduction of spot trading, unlocking new use cases; Builder Codes, HIP-2, and HyperEVM integration; achieving zero downtime even during major market crashes. As a result, Hyperliquid's market share grew continuously for over a year, reaching a peak of 80% in May 2025. Perpetual Contract Trading Volume Market Share data provided by @artemis At that stage, the Hyperliquid team was significantly ahead of the entire market in innovation and execution speed, with no truly comparable products in the entire ecosystem. The Rise of Liquidity-as-a-Service in the Second Stage and Accelerated Competition Since May 2025, Hyperliquid's market share has plummeted sharply, dropping from around 80% to close to 20% of the trading volume by early December. @HyperliquidX Market Share (Data Source: @artemis) This relative loss of momentum against competitors can be attributed to several factors: Strategic Shift from B2C to B2B Hyperliquid did not double down on a pure B2C model, such as launching a proprietary mobile app or continually rolling out new perpetual contract products, but chose to pivot to a B2B strategy, positioning itself as the "AWS of Liquidity." This strategy focused on building core infrastructure for external developers to use, such as Builder Codes for the front end and HIP-3 for launching new perpetual markets. However, this transformation essentially ceded the initiative for product deployment to third parties. In the short term, this strategy did not perform ideally in attracting and retaining liquidity. The infrastructure was still in its early stages, adoption takes time, and external developers did not yet have the distribution capability and trust built up over the long term by the Hyperliquid core team. Competitors Seizing the Opportunity of Hyperliquid's Transformation Unlike Hyperliquid's new B2B model, competitors continued to maintain full vertical integration, allowing them to significantly accelerate their speed when launching new products. Since they did not need to delegate execution, these platforms maintained full control over product releases while leveraging their established user trust to rapidly expand. As a result, they are more competitive than they were in the first stage. This directly translates into market share growth. Competitors are now not only offering all products on Hyperliquid but also launching features on HL that have not yet gone live (such as Lighter launching spot markets, perpetual equities, and forex). Incentives and "Hire-to-Liquidity" Hyperliquid has gone over a year without running any official incentive programs, while its main competitors are still actively engaging. Lighter, currently leading in trading volume market share (about 25%), is still in its pre-TGE incentive season. @Lighter_xyz Market Share (Source: @artemis) In the DeFi space, liquidity is more “hire-to” than anywhere else. A significant portion of the volume flowing from Hyperliquid to Lighter (and other platforms) is likely incentive-driven, related to airdrop farming. Like most perpetual DEXs running incentive seasons, Lighter's market share is expected to decrease post-TGE. Phase Three HIP-3 and the Rise of Builder Codes As mentioned earlier, building the "AWS of liquidity" is not the short-term optimal strategy. However, in the long run, this model precisely positions Hyperliquid to potentially become the core hub of global finance. While competitors have replicated most of Hyperliquid's current features, real innovation still stems from Hyperliquid. Developers building on Hyperliquid benefit from domain focus, allowing them to formulate more targeted product development strategies on an evolving infrastructure. On the other hand, protocols like Lighter that maintain complete vertical integration will face constraints when optimizing the development of multiple product lines simultaneously. HIP-3 is still in its early stages, but its long-term impact has begun to materialize. Key participants include: @tradexyz has launched perpetual equities @hyenatrade recently deployed a trading terminal for USDe More experimental markets are emerging, such as @ventuals offering pre-IPO exposure and @trovemarkets catering to niche speculative markets like Pokémon or CS:GO assets. By 2026, it is expected that the HIP-3 market will capture a significant share of Hyperliquid's total trading volume. HIP-3 Trading Volume (by Builder) The key driver behind the eventual restoration of Hyperliquid's dominance is the synergistic effect between HIP-3 and Builder Codes. Any frontend integrated with Hyperliquid can instantly access the full HIP-3 market, providing users with unique products. Therefore, developers have a strong incentive to list on the HIP-3 market as these markets can be distributed on any compatible frontend (such as Phantom, MetaMask, etc.) and tap into entirely new sources of liquidity. It's a perfect virtuous cycle. The ongoing development of Builder Codes makes me more optimistic about the future, whether in terms of revenue growth or active user expansion. Builder Codes Revenue (data source: @hydromancerxyz) Builder Codes Daily Active Users (data source: @hydromancerxyz) Currently, Builder Codes are primarily used by native crypto applications (such as Phantom, MetaMask, BasedApp, etc.). However, I anticipate a new class of super apps built on Hyperliquid to emerge in the future, aimed at attracting an entirely non-native crypto user base. This is very likely to become the key path for Hyperliquid to enter the next stage of scaling, which will also be the focus of my next article.
On December 12, according to Fortune magazine, at this year's Las Vegas Bitcoin Conference, Donald Trump Jr., the eldest son of Trump, publicly stated that "crypto has become a core part of our business." The latest estimates show that there is a clear wealth answer behind this statement — his net worth has jumped from about $50 million in 2024 to about $300 million, mainly due to a series of crypto asset businesses. The main sources of his wealth growth include: World Liberty Financial (WLFI), WLFI stablecoin business, the yet-to-be-unlocked World Liberty tokens, and equity in American Bitcoin mining companies.
On December 12, according to Fortune magazine, at this year's Las Vegas Bitcoin conference, Donald Trump Jr., the eldest son of Trump, publicly stated that "crypto has become a core part of our business." The latest estimates show that there is a clear wealth answer behind this statement—his net worth has soared from about $50 million in 2024 to around $300 million, mainly thanks to a series of crypto asset businesses. The main sources of his wealth growth include: World Liberty Financial (WLFI), the WLFI stablecoin business, the yet-to-be-unlocked World Liberty tokens, and equity in the American Bitcoin mining company.
Liquid Capital founder Yi Lihua stated in an article that for long-term spot investment, a few hundred dollars doesn't make a difference. The reason ETH is currently significantly undervalued, from a macro perspective, is due to expectations of interest rate cuts and monetary easing, as well as continuously crypto-friendly policies. From the industry perspective, stablecoins are growing steadily in the long term, and there is a trend of finance moving onto the blockchain. The fundamentals of ETH have completely changed, and these factors are also the reason for heavy positions in WLFI/USD1. After fully investing, the rest is left to time, with no plans for short-term trading. Finally, it is emphasized once again that spot volatility is already large enough, so try to avoid trading contracts; first, because most people lack the technical and psychological professionalism. Second, contracts are a game where nine lose and one wins, which drains people's energy; that energy is better spent expanding off-exchange business.
The TRUMP meme coin project has announced that it will launch a game, featuring a $1 million reward in TRUMP tokens through a waitlist campaign. The announcement lifted the token’s price by 3.3%, but the move was not enough to alter the prevailing bearish sentiment. Trump Billionaires Club: What the New Game Claims to Offer The team behind the TRUMP meme coin teased the release of what it calls the “first and only Trump mobile game for supporters.” In a post shared on X (formerly Twitter), the project unveiled the Trump Billionaires Club. As part of the rollout, the team has also opened a free waitlist campaign that will distribute $1 million worth of TRUMP tokens to participants. BIG NEWS! The Official TRUMP MOBILE GAME is COMING SOON! The First and Only Trump Mobile Game for True Trump Fans. Join the FREE waitlist now for a chance to get a share of $1 MILLION IN $TRUMP COIN REWARDS! Go to NOW! The Trump Billionaires Club… — TrumpMeme (@GetTrumpMemes) December 9, 2025 According to the project’s official website, the Trump Billionaires Club is a mobile and web-based 3D board game in which players compete to build virtual empires using a mix of traditional gameplay mechanics and optional Web3 features. Players earn in-game rewards, unlock items, and climb what the developers call the “Billionaire Ladder.” The game will integrate the TRUMP token for all in-game activity and utilize OpenLoot. “The Trump Billionaires Club is powered by Open Loot, one of the top marketplaces for digital game collectibles, to bring real-world trading power to your in-game empire. Collect & Trade limited-edition NFT Statues and Pins that can be used in-game,” the website reads. TRUMP Meme Coin Struggles to Gain Traction Despite New Game Announcement Meanwhile, the market response to the game announcement was muted. The token climbed about 3.3% over the past 24 hours. At press time, it was trading at $5.89. Trump Meme Coin Price Performance. Source: BeInCrypto Markets Community members observed that the mobile game failed to inspire significant excitement. One market participant noted the difference, directly comparing TRUMP’s price action with Bitcoin’s movement. The restrained reaction suggests that sentiment around the token remains weak and that promotional announcements alone are no longer sufficient to shift market momentum. Google Trends data reinforces the lack of retail engagement. Search interest for “trump meme coin” has remained flat since its January surge. Search Interest for “Trump Meme Coin.” Source: Google Trends This coincided with the token’s initial launch and all-time high. Since then, TRUMP has fallen more than 90% from its peak, highlighting the depth of its ongoing decline. This trend is not isolated to TRUMP. BeInCrypto reported that a series of Trump-related crypto ventures, including the MELANIA meme coin, the World Liberty Financial (WLFI) token, and the American Bitcoin Corp. mining initiative, have sharply collapsed in value, erasing billions in paper wealth for the Trump family and incurring heavy losses for their followers. Read the article at BeInCrypto
Quick Breakdown Senator Bernie Moreno describes discussions on the crypto bill as “decently frustrating” amid the Senate’s year-end rush. Negotiations face partisan divides, with Democrats blocking progress on digital asset market structure. Bill aims to clarify crypto regulations but risks missing 2025 deadline without bipartisan deal. According to Eleanor Terret, US Senator Bernie Moreno stated that talks on a comprehensive crypto bill remain “decently frustrating” as the Senate hurries toward year-end goals. The Ohio Republican highlighted ongoing partisan obstacles during a recent interview, noting Democrats’ reluctance to advance the legislation despite broad industry support. This market structure bill seeks to define rules for digital assets , separate them from securities, and boost US competitiveness against global rivals. 🚨NEW: At @moonpay ’s New York office today, Senator @MarkWarner told me that getting a crypto market structure markup done before Christmas break will be “very hard” because they are still waiting on White House language for two major pieces of the bill: ethics and quorum. “At… pic.twitter.com/73QFxQQHY4 — Eleanor Terrett (@EleanorTerrett) December 8, 2025 Negotiations hit a partisan wall Moreno’s comments come as Senate leaders set ambitious closing targets for the session, yet crypto provisions lag. Sources indicate House-passed frameworks clash with Senate amendments, particularly on stablecoin oversight and CFTC jurisdiction. Industry groups like the Blockchain Association urge swift action to prevent regulatory uncertainty from stifling innovation. Without resolution, firms may shift operations overseas, echoing warnings from Coinbase and others. Broader implications for the crypto sector The delay compounds pressures on digital asset firms navigating unclear rules under current SEC enforcement. Analysts point to recent bank entries, such as SoFi’s crypto trading launch, as evidence of shifting tides, yet legislative gridlock could reverse gains. Moreno emphasized the bill’s role in positioning America as the “crypto capital,” aligning with President Trump’s pro-innovation stance post-reelection. Passage would enable clearer paths for ETFs, custody, and DeFi protocols, per Capitol Hill trackers Meanwhile, Senators Elizabeth Warren and Jack Reed are demanding a federal probe into World Liberty Financial (WLFI), a crypto firm closely tied to the Trump family. They cite national security risks, alleging WLFI sold tokens to blockchain addresses linked to sanctioned North Korean and Russian entities. Concerns about financial conflicts of interest are also raised, as a Trump-linked entity controls 75% of the token sale revenue. While WLFI denies the claims and insists on strict compliance, the senators warn that the firm’s expansion and weak compliance could “supercharge illicit finance.” Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
Eric Trump’s wealth has surged as crypto becomes the Trump family’s fastest-growing financial engine. Major stakes in American Bitcoin and World Liberty Financial have added hundreds of millions to his net worth. Eric remains committed to crypto as traditional Trump businesses expand globally. The Trump family’s business ecosystem is entering a new phase in which real estate, media, and politics increasingly intersect with crypto. Recent Forbes reporting shows that crypto has become a major source of wealth for the family, especially for Eric Trump, whose net worth has grown ten times since his father returned to the White House. Eric Trump’s Net Worth Surges on Crypto Boom Forbes estimates that Eric Trump is now worth about $400 million, a dramatic jump from his wealth before Donald Trump’s return to political power. The biggest reason is his stake in American Bitcoin, a fast-growing crypto mining company. The company holds 3,418 BTC, worth more than $320 million at current prices. With a market cap above $2 billion, Eric’s 7.3% stake is worth about $160 million. During a temporary surge in early September, his 68 million shares were worth nearly $1 billion on paper before the stock cooled. Despite the volatility, shares dropped from $14.52 to $2.39, Eric insists he is “100% committed” to the project. Related: Trump Sons-Backed ‘American Bitcoin’ to Debut on Nasdaq World Liberty Financial Adds Another Crypto Windfall Another major contributor is World Liberty Financial (WLF), a crypto firm launched by Donald Trump alongside Eric, Donald Jr., and Barron. WLF issues USD1, a stablecoin, and WLFI, a governance token. According to Forbes estimates, Eric gained about $80 million in cash after taxes from token sales. Meanwhile, he has $36 million worth of WLFI tokens and $19 million linked to the stablecoin business. In total, WLF has added roughly $135 million to Eric’s fortune. American Bitcoin: From Data Centers to Public Crypto Miner American Bitcoin originally began as American Data Centers, before merging with Hut 8 and later with public miner Gryphon. The combined company now trades under the ticker ABTC. It aims to become the most efficient Bitcoin mining and holding company in the U.S. Notably, American Bitcoin launched publicly on September 3, hitting early highs before correcting significantly. Eric claims the recent price drops are tied to early investor share unlocks and says he has not sold any of his stake. Related: American Bitcoin Nabs 1,414 BTC, SPS Jumps to 418 for Shareholders as Mt. Gox Payout Delay Removes Near-Term Supply Pressure Core Trump Businesses Still Play a Major Role Despite the crypto boom, the Trump family’s traditional businesses continue to generate large cash flows. The Trump Organization This firm is run by Eric and Donald Trump Jr. The company remains active in real estate development, golf courses, hotels, and licensing deals. Eric does not own the core real estate assets but earns from management and branding operations. Following Donald Trump’s political comeback, international interest has surged. Eric reportedly earned $3.2 million last year from new licensing deals in Dubai, Saudi Arabia, and Vietnam, with more opportunities open in Qatar, India, Romania, and the Maldives. Trump Media & Technology Group (TMTG) Donald Trump’s media company, which operates Truth Social, is publicly listed on the NASDAQ under the ticker DJT. Trump holds a majority stake, making this a significant asset in his portfolio. Dominari Holdings & Other Ventures Eric owns over $5 million in Dominari Holdings, a financial firm involved in SPAC formations. He also owns multiple properties, including: A $7 million home in Florida A $4 million Manhattan penthouse Two New York state properties These remain minor compared to his crypto-linked wealth. Related: WLFI Outlines Commodities Tokenization and Debit Card Crypto Is Now the Family’s Fastest-Growing Wealth Engine Before crypto, Eric Trump earned about $3 million annually and held around $30 million in liquid assets. Today, crypto ventures have transformed his financial trajectory. In mid-September, Eric’s valuation was estimated around $750 million. Now, it is at $400 million. Despite the dip, it reflects a 10X increase over its previous level before the White House return. Beyond finance, Eric Trump is signaling interest in politics. In an interview with Nikkei Asia, he teased the possibility of running for president someday. For now, his focus is on building American Bitcoin into what he calls “the absolute best crypto company on Earth,” a path he hopes will secure his entrance into long-term billionaire status.
Key Points: WLFI traders expect a potential surge towards $0.18. Increased market speculation around hidden bullish divergence. Projections not officially endorsed by major exchanges or the team. WLFI showcases a hidden bullish divergence with a potential rise to $0.18. Technical analysis highlights previous rallies near 0.18 as resistance points, supported by charting platforms, though not officially verified by primary sources. WLFI’s potential move to target the $0.18 resistance level highlights significant trader optimism, though official sources haven’t confirmed this expectation. Market volatility remains high as analysts anticipate a breakout. The WLFI token, part of the World Liberty Financial project, shows a hidden bullish divergence. Analysts and traders focus on technical analysis, suggesting a potential advance within established resistance zones. The involvement of the broader World Liberty brand adds financial intrigue, even as founder details remain unclear. Traders speculate about this divergence playing a key role in WLFI’s future. The market actively tracks WLFI’s movements as traders aim for the $0.18 level. Although previous resistance and support levels offer insight, official exchange responses remain cautious. Financially, anticipation drives liquidity and order-book changes, reinforcing speculation over a technical hidden bullish divergence. Broader market sectors, such as BTC and ETH, remain largely unaffected. Historical data on WLFI reflects patterns of resistance around $0.18, comparable to other altcoins like ZEC. Drawing from market precedents, traders suggest a potential breakout might occur soon. Potential financial implications extend beyond WLFI as traders interpret the divergence as a signal for broader economic scenarios. Historical trends support these speculated outcomes but require further validation through official data channels. “Based on the provided information and constraints, here are the available quotes and their sources related to WLFI: No specific quotes were found from primary sources that directly address WLFI’s hidden bullish divergence toward 0.18, as the narrative is primarily built from secondary analysis.”
World Liberty Financial plans a January launch for new crypto products backed by its USD1 stablecoin. WLFI token rises on product plans but faces lower trading activity and mixed market signals. Aster DEX partnership aims to expand USD1 use across decentralized platforms and boost adoption. World Liberty Financial has set January as the launch window for its expanded suite of real-world asset products. The company plans to support these products with its USD1 stablecoin. The timeline emerged during industry events where the firm outlined its upcoming strategy. 🚨 Trump-backed World Liberty Financial will launch RWA products in January The firm says its USD1 stablecoin will back the new offerings as $WLFI ticks higher https://t.co/TBgyhg2CAu — CoinGape (@CoinGapeMedia) December 4, 2025 The move signals steady activity from the Trump-backed venture as it seeks a larger position in the digital asset sector. The firm has expanded its roadmap throughout the year, and the new update adds to that momentum. Partnership Strengthens Stablecoin Integration Aster DEX has entered a partnership with World Liberty Financial to widen the use of the USD1 stablecoin. The decentralized exchange plans to integrate the stablecoin across its platform to increase adoption. The collaboration aligns with the firm’s ongoing effort to promote USD1 across both centralized and decentralized environments. Moreover, USD1 stablecoin got listed on Coinbase ’s roadmap as an ERC-20 token on the Ethereum network. The company recently stated that USD1 has posted rapid growth across multiple networks and payment rails. It has a market capital of $2.66 billion, which makes it one of the greater stablecoins in the market. The firm continues to highlight increased transaction volume and broader utility for USD1. Token Shows Price Movement Amid Announcements The WLFI token posted gains as the company announced the January product launch plan. The token reached $1.64 before correcting during a wider market pullback led by Bitcoin. The asset has recorded notable swings in recent weeks as traders respond to rising institutional interest. The token also climbed about 17 percent earlier this month after a series of token burns. These developments helped attract traders who expected further appreciation. Market data shows that two large holders spent more than $30 million to accumulate the token last week. Their entry reflects ongoing accumulation among major wallets that watch the firm’s announcements closely. Market Signals Show Mixed Trends Despite recent buying from large holders, trading indicators show mixed signals for the WLFI token. CoinGlass data points to a decline in both trading volume and open interest. These drops suggest reduced activity from derivatives traders who often influence short-term price direction. The trend contrasts with the momentum created by the company’s new product plan. The broader market retracement also adds pressure across several assets, including WLFI. However, the token remains influenced by institutional flows, retail interest, and upcoming product expectations. The firm’s unlaunched retail payments app and debit card, teased in September, still draw attention as potential catalysts if released. These pending products remain part of the broader ecosystem the company intends to build around USD1. The January rollout now forms the central focus for users and traders who follow the company’s growing set of offerings.
according to on-chain analyst Ai Yi (@ai_9684xtpa), the WLFI project multi-signature address transferred 250 million WLFI tokens to Jump Crypto 2 minutes ago, valued at 40.06 million USD. Currently, these tokens have not been moved, and their purpose is unclear.
In a move that signals growing institutional confidence in decentralized finance, a Trump family-led DeFi project has executed a massive transaction worth $40.1 million. According to on-chain analyst ai_9684xtpa, the team behind WorldLibertyFinancial (WLFI) deposited 250 million WLFI tokens to Jump Crypto, a major market-making firm. This development highlights how traditional financial names are increasingly participating in the crypto ecosystem. What Does This Trump Family DeFi Project Transaction Mean? The substantial deposit from the Trump family DeFi project to Jump Crypto represents more than just a large transfer. It demonstrates several key trends in today’s cryptocurrency landscape. First, it shows that projects with high-profile backing are seeking professional market makers to ensure liquidity and stability. Second, it indicates that institutional players like Jump Crypto are willing to engage with politically-connected blockchain initiatives. Jump Crypto specializes in providing liquidity and market-making services across various cryptocurrency exchanges. Their involvement suggests they see significant potential in the WLFI token and the broader Trump family DeFi project ecosystem. For investors, this institutional endorsement could signal growing legitimacy and reduced volatility for the asset. Why Are Institutional Firms Engaging with DeFi Projects? The partnership between the Trump family DeFi project and Jump Crypto reflects a broader trend of traditional finance embracing decentralized technologies. Several factors drive this convergence: Liquidity requirements: Large projects need sophisticated market makers to ensure smooth trading Credibility enhancement: Association with established firms boosts investor confidence Regulatory navigation: Experienced players help navigate complex compliance landscapes Market efficiency: Professional market making reduces spreads and improves price discovery This transaction follows a pattern of increasing institutional involvement in DeFi, particularly for projects with recognizable brand associations like the Trump family DeFi project. As traditional and decentralized finance continue to merge, we can expect more such partnerships to emerge. What Challenges Face Politically-Linked Crypto Projects? While the $40.1 million deposit represents a significant milestone, Trump family DeFi project initiatives face unique challenges. Political associations can create both opportunities and obstacles in the cryptocurrency space. On one hand, name recognition attracts attention and potential investors. On the other hand, it may subject the project to heightened scrutiny and regulatory attention. The transparency of blockchain technology means every transaction is publicly verifiable, which creates accountability but also exposes trading strategies. For the Trump family DeFi project, this means their partnership with Jump Crypto is immediately visible to analysts and competitors alike. However, this transparency also serves as a trust-building mechanism in an industry where credibility is paramount. How Should Investors Interpret This Development? For cryptocurrency enthusiasts and investors, the Trump family DeFi project transaction offers several actionable insights. First, monitor how Jump Crypto’s market-making affects WLFI token liquidity and price stability. Second, watch for similar institutional partnerships as signals of project maturity. Third, consider how political connections might influence regulatory outcomes for specific crypto projects. Remember that while institutional involvement generally indicates growing legitimacy, it doesn’t guarantee investment success. Always conduct thorough research beyond headline transactions. The Trump family DeFi project move represents one data point in a complex ecosystem where multiple factors determine long-term viability. Conclusion: A Watershed Moment for Institutional DeFi Adoption The $40.1 million deposit from the Trump family-led DeFi initiative to Jump Crypto marks a significant moment in cryptocurrency evolution. It demonstrates how projects with traditional brand recognition are leveraging institutional expertise while maintaining their decentralized foundations. As market makers increasingly engage with politically-connected blockchain ventures, we’re witnessing the maturation of an industry that continues to blur lines between traditional and decentralized finance. This transaction serves as both a case study and a potential blueprint for future collaborations. The success of this partnership between the Trump family DeFi project and Jump Crypto could influence how other high-profile entities approach their blockchain strategies, potentially accelerating institutional adoption across the sector. Frequently Asked Questions What is WorldLibertyFinancial (WLFI)? WorldLibertyFinancial is a DeFi project reportedly led by members of the Trump family. It operates in the decentralized finance space, though specific details about its protocols and services vary based on development phases. Who is Jump Crypto? Jump Crypto is a trading firm specializing in cryptocurrency market making. They provide liquidity services across multiple exchanges and are known for their sophisticated trading infrastructure and institutional approach. Why would a DeFi project deposit tokens to a market maker? DeFi projects often partner with market makers like Jump Crypto to ensure adequate liquidity, reduce price volatility, and create more efficient markets for their tokens. This helps attract larger investors and creates better trading conditions. How was this transaction discovered? On-chain analyst ai_9684xtpa identified the transaction through blockchain analysis. Since most cryptocurrency transactions are publicly recorded on distributed ledgers, analysts can trace large movements between wallets. Does this mean WLFI is a good investment? This transaction indicates institutional interest but doesn’t constitute investment advice. Always conduct independent research and consider your risk tolerance before investing in any cryptocurrency project. Are politically-linked crypto projects more risky? They can face unique challenges including regulatory scrutiny and public perception issues, but they may also benefit from name recognition. Each project should be evaluated on its technical merits and fundamentals. Found this analysis of the Trump family DeFi project insightful? Share this article with fellow crypto enthusiasts on Twitter, LinkedIn, or your preferred social platform to continue the conversation about institutional adoption in decentralized finance. To learn more about the latest DeFi trends, explore our article on key developments shaping institutional adoption and market dynamics in decentralized finance.
According to Jinse Finance, on-chain analyst Ai Aunt (@ai_9684xtpa) has monitored that the WLFI project's multi-signature address transferred 250 million WLFI tokens, worth $40.06 million, to Jump Crypro 2 minutes ago. Currently, these tokens have not yet been moved further, and their intended use remains unclear.
Cryptocurrency projects associated with the Trump family were once market darlings, but are now experiencing a dramatic collapse in trust. Written by: Bao Yilong Source: Wallstreetcn On Tuesday this week, crypto mining company American Bitcoin saw its stock price plummet by 33% at 9:31 a.m.—just one minute after the market opened. Panic quickly spread, with the drop widening to 42% five minutes later. By 9:56 a.m., the stock had been “halved,” with a decline of over 50%. In response to the cliff-like drop in American Bitcoin’s stock price, company co-founder Eric Trump posted on social media on Tuesday, attributing the fall to the end of the stock lock-up period rather than any fundamental issues with the company. He wrote: Our fundamentals are nearly unmatched. Although American Bitcoin’s stock rebounded somewhat on Wednesday, the entire “Trump-themed” crypto sector is experiencing significant sell-offs. American Bitcoin stock price plummets from its peak World Liberty Financial, co-founded by President Trump and his son, saw its token WLFI drop 51% from its early September high. The stock price of Alt5 Sigma, once promoted by Trump’s sons, has plunged 85% from its yearly peak. In addition, “Meme coins” named after Trump and his wife Melania have seen their prices fall by about 90% and 99% respectively from their all-time highs in January. Once, Trump’s endorsement served as a catalyst for rising crypto token prices, but now the “Trump premium” supporting these speculative assets has quickly turned into a “Trump drag.” The “Trump Premium” Has Become a “Trump Drag” Earlier this year, Trump’s embrace of crypto technology seemed sufficient to make digital tokens a reliable component of the financial system. Many crypto believers thought Trump had enough power to ensure the success of the projects he cared most about. For a time, various cross-promotions seemed to work. When Gryphon Digital announced in May that it would merge with Eric Trump’s American Bitcoin, its stock price soared 173%. On the first trading day after the merger, American Bitcoin’s stock rose another 16%. These projects all benefited from policies and regulatory changes pushed by Trump, including legislation aimed at bringing dollar-pegged crypto stablecoins into the mainstream. But the prices of digital tokens promoted by Trump have shifted from being a symbol of political success to a burden. Hilary Allen, a professor at American University Washington College of Law, commented: President Trump’s term is a double-edged sword for the credibility of these projects. She added: Trump started launching his own crypto projects, many of which quickly depreciated. If the goal was to win credibility for these projects through the Trump family, it may have backfired. Long-term crypto investor Michael Terpin said the tariff moves serve as a reminder: Trump can give, and he can take away. Retail Investors Bear the Biggest Losses Since October, this downturn has reduced the wealth created by the Trump family through its crypto businesses and other ventures by more than 1.1 billions USD. However, according to the Bloomberg Billionaires Index, they still enjoy considerable profits. The real pain of this collapse has been felt by retail investors who entered the market when asset prices were near their peaks. Kevin Hu, a 22-year-old student from Vancouver, bet that the market would continue to rise, but by mid-November, the value of his digital token portfolio had dropped by as much as 40%. He said: I thought that with the president’s support, there would be a bottom for these cryptocurrencies, but the market didn’t respond that way. Although Trump himself has recently downplayed his public promotion of cryptocurrencies, on Tuesday, as American Bitcoin struggled, bitcoin had its best day in weeks, rising about 6%, highlighting the divergence between Trump-themed assets and the mainstream crypto market.
Jinse Finance reported that Yi Lihua, founder of LiquidCapital (formerly LDCapital), stated on social media: Although BTC has returned to $93,000, BCH has reached a recent high, and WLFI has also surged and stabilized, ETH and the broader market are still lagging behind compared to the stock market and the overall favorable macro environment. With another crypto-friendly new chairman (Federal Reserve) confirmed after the SEC chairman, the crypto bear market that has lasted for 60 days may be coming to an end. These 60 days saw a significant decline in industry liquidity due to 1011, the four-year cycle resonance, Japan's interest rate hike, and government shutdowns, but these negative factors have now been digested. With the dual benefits of expected interest rate cuts and favorable crypto policies, I remain optimistic about the upcoming market. Investing always requires not only wisdom but also patience.
Jinse Finance reported that Nasdaq has officially notified Alt5 Sigma—the partner of the Trump family’s World Liberty Financial cryptocurrency project—that the company is "no longer in compliance with continued listing requirements" due to its failure to submit the financial report for the third quarter of 2025, and has been placed on the list of non-compliant companies. According to Nasdaq regulations, Alt5 Sigma must submit a compliance plan by January 20, 2026; if approved, it may receive an extension of up to 180 days. The company stated that this notice was "expected" and will not immediately affect the listing or trading status of its stock on Nasdaq. In August this year, Alt5 Sigma reached a $1.5 billion cryptocurrency cooperation agreement with World Liberty Financial, bringing over $500 million in revenue to Trump-affiliated entities. The delay in submitting the report is due to several factors, including a change of auditor, corporate governance issues, and the personal bankruptcy of the former Chief Financial Officer.
Alt5 Sigma is facing fresh scrutiny after conflicting timelines in its SEC filings raised questions about how and when the company disclosed the resignation of its independent accountant. Summary Conflicting timelines in Alt5 Sigma’s SEC filings raise concerns over its auditor resignation and quarterly report delays. Separate date mismatches involving management changes add to scrutiny over the company’s disclosure practices. The firm’s ties to Trump-linked World Liberty Financial continue to shape its governance, balance sheet, and market reaction. In a Black Friday submission, Alt5 Sigma told the SEC it learned on Nov. 21 that its independent accountant, William Hudgens, had resigned “effective immediately.” But as Forbes reported on Dec. 1, Hudgens said he informed the company before June 30 that he would step away from auditing public companies and would complete no work beyond the second quarter, which was filed on Aug. 12. Alt5 Sigma has still not filed its third-quarter report. In an earlier SEC notice dated Nov. 12, the company blamed its delay, in part, on the “timeliness and responsiveness” of its accountant. When Forbes later asked who was handling the company’s financial review at that time, a spokesperson declined to comment. Public companies must alert the SEC within four business days when an auditor resigns. Securities law experts who spoke with Forbes said the mismatch in dates, paired with the late quarterly filing, could raise regulatory questions. Earlier executive changes also show disclosure gaps The uncertainty around the accountant’s departure follows another filing with unclear dates. Alt5 Sigma reported that its board suspended its chief executive officer, Peter Tassiopoulos, on Oct. 16. However, an internal email sent to staff on Sept. 4, six weeks earlier, said he was already on temporary leave while a special committee reviewed unspecified matters. The same message said chief revenue officer Vay Tham had also been placed on leave. Legal experts noted that filings containing material inaccuracies can violate anti-fraud provisions, though proving intent is difficult. The latest management changes were disclosed just before Thanksgiving. Alt5 Sigma told the SEC it had terminated acting CEO and CFO Jonathan Hugh without cause, ended the consulting agreement of chief operations officer Ron Pitters, accepted the resignation of director David Danziger, and dissolved the special committee after receiving its findings. Donald Trump crypto link adds weight Alt5 Sigma’s connection to Trump-linked World Liberty Financial has played a huge role in its recent activity and public visibility. In August, the company agreed to raise $1.5 billion to build a treasury of WLFI tokens. Half of the deal was paid in WLFI, valued at $0.20 per token, while the other half was raised through a stock offering. The arrangement gave World Liberty Financial influence inside Alt5 Sigma’s boardroom. Zach Witkoff became chair, while Eric Trump and Zak Folkman were assigned director and observer roles, with adjustments later made after consultation with Nasdaq. A Trump-affiliated entity holds about 22.5 billion WLFI tokens and is entitled to roughly three-quarters of the proceeds from token sales. According to CoinGecko, Alt5 Sigma now holds about $1.1 billion in WLFI tokens on paper, more than five times its own market capitalization. Its shares have dropped about 80% since the deal was announced. Alt5 Sigma declined to comment on the discrepancies in its filings, the accountant timeline, or its internal reviews. Regulators have also not commented, leaving open the question of whether the company’s recent disclosures will prompt further inquiry.
Story Highlights Rep. Jamie Raskin, the top Democrat on the House Judiciary Committee, has released a report accusing President Donald Trump and his family of using the White House as a “personal money-making machine.” Advertisement The report says that Trump has made over 800 million in just a month through crypto ventures tied to foreign governments, business allies, and even criminal groups. According to the House Judiciary Committee’s November 24, 2025, staff report titled “Trump, Crypto, and a New Age of Corruption.” The report claims that Trump’s family earned more than $800 million from crypto sales in H1 2025 alone, while their family’s total crypto holdings have reached $11.6 billion. Rep. Jamie Raskin said Trump “turned the Oval Office into a corrupt crypto startup,” accusing him of mixing politics, money, and foreign influence. He warns that Congress must act before “foreign actors and wealthy insiders rewrite the laws for their own profit.” Also Read : KuCoin Wins Austria MiCA Approval, Gains Passport to EU Crypto Market , Further reports reveal that foreign nationals and state-backed groups invested a large amount of money into Trump-connected crypto projects, such as World Liberty Financial (WLFI), MELANIA, and the TRUMP token . In return, the administration allegedly supported decisions that favored these investors, including shutting down the DOJ’s National Crypto Enforcement Team (NCET) in April 2025 and lifting sanctions on Tornado Cash. There were also claims of quietly ending investigations into major crypto firms like Coinbase, Gemini, Ripple, and Kraken. Most recently, Trump pardoned Binance’s CZ , despite his money-laundering conviction. Raskin’s report ends with a warning that Trump’s rapid rise to billions through crypto in under a year shows major weaknesses in U.S. campaign finance and anti-corruption laws. However, many bullish crypto traders see the opposite story. They praise Trump as a leader who freed the crypto market, helped Bitcoin reach $125,000 , and pushed for clearer regulations in the United States.
Foresight News reports that the Trump family crypto project, World Liberty Financial (WLFI), has announced that the BNB ecosystem USD1 zero-fee campaign has now been extended until December 31. Users can transfer, withdraw, and cross-chain USDC and USD1 with zero fees on CEX, wallets, and cross-chain bridges.
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