TokenInsight

@HyperliquidX Check our article: Deep Dive of Hyperliquid x.com/TokenInsight/s…

TokenInsight officially updates the rating for hyperliquid:native ! @HyperliquidX focus on decentralized perpetual exchange services, which facilitate perpetual futures trading directly on its native L1 blockchain. Rating: AA Outlook: Stable Previous Rating: A (Positive) Upgrade Reason: HIP-3 market open interest has grown more than 100x in six months, with crude oil leading the expansion, followed by gold, silver, and equity-linked perpetuals. The S&P Dow Jones Indices licensing deal with Trade[XYZ] in March 2026 for S&P 500 exposure further extends this trajectory. Hyperliquid is positioning to capture price discovery flow that legacy futures venues structurally cannot serve during their closed hours. See more details on the token page 👇 tokeninsight.com/en/coins/hyper… #Hyperliquid #layer1 #perpdex

TokenInsight officially updates the rating for ethereum:0x45804880de22913dafe09f4980848ece6ecbaf78 ! Pax Gold (PAXG) is a gold-backed crypto token issued by @Paxos, with each token representing one fine troy ounce of London Good Delivery gold held in custody. Rating: BBB Outlook: Stable More details on the token page tokeninsight.com/en/coins/pax-g… #gold #RWA #rating

A government-sponsored enterprise that backs roughly half of all US residential mortgages has formally accepted crypto as a balance-sheet-eligible asset for underwriting. That decision required someone at FHFA to be comfortable with crypto's valuation methodology, custody standards, and forfeiture pathways. Five years ago that was unthinkable.

The Senate Banking Committee voted 15-9 to advance the CLARITY Act today. Pricing in a clean SEC/CFTC division of labor on digital commodities at this stage is premature. The signal that matters is whether the Agriculture Committee version can be reconciled before recess — that determines whether this becomes law in 2026 or slips into the 2027 calendar. The bill also prohibits the Fed from offering products directly to individuals and forecloses CBDC use for monetary policy. That is policy-relevant well beyond crypto: it cements a private-issuer model for digital dollar liquidity.

A Fed Governor confirmed tokenized assets in the U.S. have doubled to $25B. It's larger than the entire DeFi TVL of any single L1 except Ethereum. What's actually being tokenized: - Treasuries, Money market funds (BlackRock BUIDL, Franklin FOBXX, Ondo) - Private credit (Maple, Centrifuge) - Increasingly: equity, commodities, structured products

As of @tether Q1 2026 disclosure, it reported approxiately $183 billion of USDT liabilities and a reserve base still dominated by short-duration US Treasury exposure. The company’s direct and indirect Treasury exposure was approximately $141 billion. Alongside that Treasury-heavy reserve structure, Tether has also held meaningful exposure to physical gold and Bitcoin.

Global gold ETF holdings increased by approximately 801 tonnes over the year, reversing roughly three years of net outflows that had previously obscured the strength of the underlying market.

TokenInsight officially releases the rating for solana:megaA5QDK1qLXtjpvg9oCFMvxT9d5BCMrVTBddnM5kV ! MegaETH @megaeth is a high-performance Ethereum Layer 2 designed to deliver real-time, EVM-compatible execution with ultra-low latency. Rating: BBB Outlook: Stable More details on the token page tokeninsight.com/en/coins/megae… #layer2 #blockchain #rating

#TokenInsight Rating Monthly Review: Apr 2026 In April, we issued and updated new ratings for 4 projects, including RWA, Layer-1 and AI projects. The details are as follows: @tethergold ethereum:0x68749665ff8d2d112fa859aa293f07a622782f38 - A Stable @SeiNetwork sei-network:native - A Stable @virtuals_io solana:3iQL8BFS2vE7mww4ehAqQHAsbmRNCrPxizWAT2Zfyr9y - BBB Positive 🚀 @SoSoValueCrypto ethereum:0x76a0e27618462bdac7a29104bdcfff4e6bfcea2d - BBB Stable More details 👇tokeninsight.com/en/news/events… #rating

Polymarket is moving into perps with products around BTC, NVDA and gold; Kalshi is reportedly preparing a “Timeless” perps-style launch; and Hyperliquid is pushing prediction-market primitives via HIP-4. The boundary between event venues and derivatives venues is increasingly blurring, though the regulatory, product, and settlement models still differ.

TokenInsight officially updates the rating for ethereum:0x68749665ff8d2d112fa859aa293f07a622782f38 ! @tethergold Tether Gold (XAU₮) is a digital asset issued by TG Commodities, S.A. de C.V., a Tether Group entity @tether. One full XAUT token represents one fine troy ounce of gold on a London Good Deliver bar. Rating: A Outlook: Stable More details on the token page tokeninsight.com/en/coins/tethe… #gold #RWA #rating

The chart highlights how stablecoins are becoming a bridge between blockchain-native systems and traditional financial services. On and off ramps, treasury tools, card issuance, banks, and payment applications all point to a deeper convergence between crypto infrastructure and real-world financial workflows.

TokenInsight officially updates the rating for $VIRTUAL! @virtuals_io Virtuals Protocol is an onchain infrastructure layer for autonomous AI agents, designed to let tokenized agents create services, coordinate with humans or other agents, and transact as independent economic actors. Rating: BBB Outlook: Positive 🚀 More details on the token page tokeninsight.com/en/coins/virtu… #AI #Agent #rating

TokenInsight officially updates the rating for $SEI! @SeiNetwork is a high-speed Layer-1 EVM blockchain, purpose-built for high-frequency trading and DeFi applications. Rating: A Outlook: Stable More details on the token page 👇 tokeninsight.com/en/coins/sei-n… #layer1 #trading #rating

Insight: 「Turnover Rate Highlights Diverging Exchange Market Structures」 Turnover rate (Vol/OI) measures how frequently open positions are traded through, serving as an indicator of market activity intensity and user behavior composition. OKX, Binance, and BingX sit in the high-turnover group, indicating that outstanding positions are traded, closed, and reallocated more frequently, which is typically associated with shorter holding periods, stronger market-making activity, and more speculative trading. Bybit, Gate, Bitget, MEXC, and KuCoin fall into a middle range, suggesting a structure in which position retention and trading activity coexist. Hyperliquid, HTX, and the “Other” category occupy the low-turnover end, implying that open interest on these venues is turned over more slowly and that their derivatives activity is more position-retentive than flow-driven. Hyperliquid is especially notable in this context. Its market structure differs from that of a typical CEX, and the presence of protocol-native liquidity mechanisms such as HLP may partially contribute to its turnover profile. Taken together, this suggests that derivatives ecosystems are already diverging into distinct liquidity organization models, rather than simply converging toward a single high-turnover equilibrium.