Launch of HyperLending Analytics: A Cross-Ecosystem Dashboard for Visualizing the Hyperliquid Ecosystem

ICHIZEN HOLDINGS Co., Ltd. (Shibuya, Tokyo; Representatives: Rontaro Mizuno | Yosuke Kida; hereinafter "the Company") announces the launch of HyperLending Analytics, an analytical dashboard that provides a cross-ecosystem visualization of the Hyperliquid ecosystem.

HyperLending Analytics is an analytical dashboard that enables users to monitor, from a single screen, price, volume, protocol revenue, on-chain supply and demand, peripheral markets such as HIP-3 and HIP-4, and broader ecosystem dynamics and capital flows related to Hyperliquid and HYPE.

Hyperliquid is an on-chain financial ecosystem experiencing simultaneous expansion across multiple dimensions—not only in trading volume, but also in HYPE burning, protocol revenue, projects on HyperEVM, and new markets enabled by HIP-3. Understanding this evolving landscape requires a holistic view that goes beyond price movements to include supply-demand dynamics, ecosystem growth, and capital flows. While such information is often scattered across English-language specialized sites, there have been limited resources available in Japanese that consolidate these insights.

HyperLending Analytics was launched to organize key Hyperliquid and HYPE data in Japanese, serving as an informational foundation to help users easily track daily market changes. The dashboard is accessible via web browser without requiring login.

HyperLending Analytics: https://analytics.hyperlending.jp/

"Today's Hyperliquid" – Instant Overview of Hyperliquid's Current State

The "Today's Hyperliquid" section on the homepage provides a comprehensive summary of Hyperliquid's latest developments.

Users can simultaneously monitor $HYPE price, protocol fees and HYPE burn, HIP-3 trading volume share, number of active traders and liquidation amounts over 24 hours, HYPE TWAP execution status, order book depth compared to major exchanges, HIP-4 outcome markets, and capital inflows into HYPE spot ETFs—enabling a combined understanding of price movements and protocol usage.

View Today's Hyperliquid

Viewing $HYPE Through On-Chain Metrics, Not Just Price

The $HYPE tab allows users to analyze on-chain metrics such as price chart and volume, relative performance against BTC and major assets, holder count and distribution, realized price, MVRV, and SOPR.

Clearing Premonition Monitor

Additional indicators are provided for deeper analysis of supply-demand and volatility, including historical volatility, exchange-specific volume, unstaking queue, and clearing premonition monitor.

These tools enable users to assess the price level of $HYPE from multiple analytical perspectives.

Analyze $HYPE here

Visualizing the Expanding Hyperliquid Ecosystem: HIP-3, HIP-4, HyperEVM, and More

While Hyperliquid is primarily a decentralized exchange centered on perpetual futures, the introduction of the HIP-3 mechanism has enabled deployers such as trade.xyz to launch markets linked to U.S. stocks, ETFs, and futures, significantly expanding the range of tradable assets.

HyperLending Analytics allows users to monitor HIP-3 market trading volume share, volume by deployer, open interest, and trader leaderboards. It also organizes data on supporting ecosystem components such as HIP-4 prediction markets, projects on HyperEVM, validators, stablecoin supply, and yields (DeFi pool APY).

View individual stock/commodity data here

Decoding Auction-Winning Tickers: Understanding What They Represent

Under HIP-3, the right to launch new markets is auctioned through "Deploy Auctions," and the winning tickers have become increasingly visible across platforms.

However, merely seeing a ticker symbol often does not clarify whether it represents a U.S. stock, a Pre-IPO asset, or a derivative tied to an underlying asset from a specific country or region.

To address this, the Auction tab decodes what each winning ticker actually represents.

By selecting a recent winning ticker, users can instantly see the underlying market and asset in a single line, and filter by asset class (e.g., equities, Pre-IPO, commodities, FX, indices) or region (e.g., U.S., Japan, South Korea). The tab also displays historical data including auction date, winning price, and deployer, along with aggregated statistics by Pre-IPO and category, transforming auction results into readable, actionable information.

View auction data here

Key Analysis Areas

HyperLending Analytics enables multidimensional analysis of Hyperliquid through 13 dedicated tabs:

Today's Hyperliquid: Summary overview of Hyperliquid's daily status

$HYPE: Analysis of price, volume, and on-chain metrics such as MVRV and SOPR

Burn: Monitor HYPE buyback & burn activity and cumulative burn volume

Hyperliquid vs. Competitors: Compare fees, revenue, and market share with other blockchains

TradFi Integration: Overview of connections to traditional finance assets, including U.S. stocks and ETFs via trade.xyz and HYPE spot ETFs

Markets: Overview of price, open interest (OI), and funding rates across all perps and spot pairs

HIP-3: View volume by deployer and dedicated comparison views (e.g., Kioxia (Tokyo Stock Exchange 285A))

HIP-4: Analyze trading volume and trends in on-chain prediction markets

Auction: Ticker guide explaining winning assets and auction history

Yields: Compare APYs across DeFi pools on HyperEVM

Ecosystem: Track projects, validators, and stablecoin supply on HyperEVM

Cross-Chain: Display net capital inflows to Hyperliquid estimated from bridge data

Research: Curated links to external research institutions and analytical articles

View detailed analysis items here

About the Cryptocurrency Lending Service "HyperLending"

HyperLending Official Site

HyperLending Analytics is an analytical dashboard launched as a related project of HyperLending, the cryptocurrency lending service operated by the Company.

HyperLending is a cryptocurrency lending service that supports lending of BTC and ETH, and will be the first in Japan* to offer HYPE lending, with full service launch scheduled for July 1, 2026.

To date, the Company has released educational content for HYPE users, including "Hyperliquid Academy JP," "Hyperliquid Practical Guide," and a glossary. With HyperLending Analytics, users now have an additional tool to view daily data, further enhancing the pathways to learn, test, and research HYPE.

Important Notices for Users

This service is provided solely as an analytical tool and is not intended to solicit the purchase or trading of any specific financial product.

All data and information presented are aggregated from public data sources for reference purposes only and are not guaranteed for accuracy or completeness. Users must make their own investment decisions at their own risk.

*Based on internal research (as of June 2026, among domestic cryptocurrency lending services)

About ICHIZEN HOLDINGS Co., Ltd.

ICHIZEN HOLDINGS Co., Ltd. is a WEB3 consulting firm with expertise in financial services.

The company supports a wide range of clients, from domestic listed companies and local governments to international token projects. Leveraging hands-on experience in proprietary crypto trading, crypto asset management under listed companies, and audit firm coordination, it provides consulting and operational support for crypto treasury initiatives.

Address: 3-1-11 Yoyogi, Shibuya-ku, Tokyo

Representatives: Rontaro Mizuno | Yosuke Kida

Official Website: https://ichizenholdings.co.jp/

HyperLending: https://hyperlending.jp/

HyperLending Analytics: https://analytics.hyperlending.jp/

<Official SNS>

X (HyperLending Analytics): https://x.com/HyperLending_jp