Jack Paul 
RootData’s latest ecosystem map shows Hyperliquid positioning itself as a high-performance L1 blockchain, built from the ground up to support a full on-chain financial system. The map reveals 30 core Web3 partners that plug into custody, trading, wallets, and infrastructure as the network moves toward becoming an on-chain liquidity operating system.
How Hyperliquid’s partner network is structured
At the funding and settlement layer, Hyperliquid has integrated with major stablecoin issuers including Circle (USDC), Tether (USDT), and Ethena’s synthetic dollar stack. These partnerships ensure that its derivatives and DeFi rails are natively dollarized. Under the hood, the network connects to cross-chain and oracle infrastructure such as Chainlink, Axelar, deBridge, and Ripple-related rails. This setup allows external capital and data feeds to reach Hyperliquid in a standardized way while keeping latency low enough to maintain sub-second block times.
On the user entry side, RootData highlights wallets and interfaces including Phantom, Rabby Wallet, and DeBank as key partners. These integrations lower friction for both retail and power users to interact with Hyperliquid’s L1 and its DeFi protocols.
DeFi protocols and institutions around Hyperliquid liquidity
RootData notes that more native DeFi protocols have begun to cluster directly on Hyperliquid. These include Pendle-style yield products, Felix, HypurrFi, and HyperBeat, which collectively 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 such as HyperLink and Hybra Finance. This suggests that 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 is a sign that 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 such as Bybit, trade.xyz, and IMC Trading are also listed as ecosystem participants, helping deepen order books and making 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 network is effectively trying to replicate the ecosystem model of a centralized exchange, including market structure, funding currencies, custody, front-ends, and institutional access. But 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, aligning 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. It uses ecosystem maps to nominate Web3 partners for upstream clients such as Visa, Mastercard, Stripe, Coinbase, and now increasingly for on-chain liquidity hubs like Hyperliquid.