REPORT
October 25, 2025
HYPE MiCA White Paper
This MiCA-compliant white paper provides an independently authored analysis of Hyperliquid and its native crypto-asset, HYPE. It combines legal precision with technical insight to examine the project’s Layer 1 architecture, token characteristics, and classification as an “other crypto-asset” under MiCA Title II, including disclosures on governance, staking, and sustainability indicators.

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