• According to reports, since the beginning of 2025, Hyperliquid has spent approximately 644–645 million USD on token buybacks.
• This figure represents around 46% of all token buybacks.
• The number of tokens repurchased is reported to be at least 21.36 million HYPE, which corresponds to approximately 2.1% of the total token supply.

In short, while the “buyback” strategy dominates the market conversation, Hyperliquid has managed to capture a significant portion almost on its own.

Why So Fast and Massive?

There are several notable factors behind Hyperliquid’s aggressive approach:

1. Commitment to the revenue model
   Hyperliquid directs a portion of its revenue from trading fees, derivatives volume, and spot transactions toward its buyback program. Reports indicate that a fixed percentage of the revenue generated from these activities is used to repurchase HYPE tokens.

2. Effort to reduce market supply pressure
   The purpose of buybacks is to decrease the circulating token supply and create value for token holders. The lower the supply, the more pronounced the effect of demand can become.

3. High-volume trading activity
   For instance, in August 2025, Hyperliquid reportedly broke records in derivative trading volume and trading fees, which in turn provided substantial funding for its buyback program.

This article may also interest you: Institutions Are Selling Bitcoin, Targeting These 3 Altcoins!

Market Position

In terms of buybacks, the second-largest project is LayerZero, which announced spending around 150 million USD to repurchase its ZRO tokens—approximately 5% of its supply. However, this move is considered a one-time initiative, whereas Hyperliquid continues to operate a consistent and systematic buyback program.

Across the industry, since the beginning of 2025, a total of over 1.40 billion USD has been spent on token buybacks. Within this figure, Hyperliquid’s share is particularly dominant. As a result, Hyperliquid has outpaced not only its competitors but also surpassed the combined total of most other projects’ buyback expenditures.

Although this appears to be a strong move, there are some important risks investors should consider:

• A solid buyback program depends on consistent revenue sources. If trading volume or fee income declines, the sustainability of buybacks could come into question.
• Token supply unlocks and vesting schedules may create future selling pressure. Some reports highlight that upcoming unlocks for HYPE could pose market risks.
• A buyback program alone does not guarantee price appreciation; market sentiment, overall crypto conditions, and macroeconomic factors all play significant roles.

The post Buyback Attack for Hyperliquid (HYPE) appeared first on Coin Engineer.

Top Gaining Altcoins 

• Creditlink Token (CREDIT): $0.08724 — Weekly gain of 151.9%, topping the list. 
• Aster (ASTR): $1.95 — Up 111.8%, attracting investor attention. 
• APX (APX): $1.95 — Strong performance with a 109.9% increase. 
• Avantis (AVS): $2.29 — 94.9% growth, ranking high. 
• Orderly (ORDER): $0.3199 — Increased by 87.5%. 
• STBL (STBL): $0.5054 — Gained 75.1%. 
• Hemi (HEMI): $0.09613 — 72.1% growth. 
• Thena (THE): $0.6151 — Up 55.4%, ending the week positively. 

Top Losing Altcoins 

• Tutorial (TUT): $0.07722 — Weekly decline of -45.7%, the biggest loser. 
• Supra (SUPRA): $0.002426 — Down -18.6%. 
• Test (TEST): $0.03972 — Fell -15.0%. 
• Froggie (FROG): $0.05021 — Loss of -17.9%. 
• OpenVPP (VPP): $0.09419 — Dropped -17.5%. 
• Mavryk Network (MVK): $0.1241 — Down -17.3%. 
• TROLL (TROLL): $0.1003 — Fell -15.4%. 
• Four (FOUR): $1.39 — Weekly decline of -14.1%. 

Overall Analysis 

This week, Creditlink Token (CREDIT) stood out, providing investors with gains exceeding 150% in a short period. Meanwhile, Tutorial (TUT) recorded the steepest loss at over 45%. According to CoinGecko’s Trending Coins list, the most followed projects included Aster, Avantis, WINkLink, Hemi, Orderly, STBL, Hyperliquid, and Linea. 

High volatility in the crypto market continues to offer investors both significant opportunities and considerable risks. 

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The post Top Gaining and Losing Altcoins This Week on CoinGecko appeared first on Coin Engineer.

Why Do Numbers Differ Across Platforms?

According to CoinMarketCap (CMC), the total stablecoin market cap has already exceeded $300 billion, while CoinGecko reported $291 billion and DefiLlama listed it at $289 billion. These variations are the result of different methodologies applied by each provider.

• CoinMarketCap tracks around 150 stablecoins.

• CoinGecko and DefiLlama include a much broader scope, with data from roughly 300 stablecoins.

Some platforms apply volume-weighted algorithms and outlier detection to ensure reliability, while others place more emphasis on on-chain total value locked (TVL) and broader API integrations.

A Milestone, But Still Early

Stablecoins have become one of the defining narratives of 2025. Growth has accelerated particularly due to supportive regulatory moves in the United States, including the Genius Act, aimed at strengthening the dollar through stablecoin adoption.

After crossing $200 billion in late 2024, the sector has quickly climbed toward $300 billion. Still, experts stress that stablecoins have not yet achieved full mainstream adoption despite their rapid rise.

Leading Stablecoin Driving Growth

The expansion of the stablecoin market is primarily being driven by:

• Tether (USDT)

• Circle’s USDC

• Ethena Labs’ yield-bearing USDe

Market analysts forecast that the total stablecoin capitalization could reach $400 billion by the end of 2025. However, factors such as regulatory scrutiny from the European Central Bank and ongoing concerns around transparency remain significant hurdles.

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The post Has the Stablecoin Market Really Surpassed $300 Billion? appeared first on Coin Engineer.

1. Binance

Binance stands out as the world’s largest cryptocurrency exchange. Its mobile app offers a wide range of cryptocurrencies (over 350 coins), including Bitcoin and Ethereum, with features like spot and futures trading, P2P trading, and staking. With low transaction fees (0.1%) and Turkish language support, it’s a favorite among Turkish users. The user-friendly interface suits both novices and professionals. Security features like cold wallets and two-factor authentication ensure safety. Binance Academy provides educational content, and the NFT marketplace adds innovative options.

2. CoinGecko

CoinGecko is a comprehensive data platform tracking over 17,000 crypto assets and 1,000+ exchanges. Its mobile app delivers real-time prices, market caps, and trading volumes transparently. The Trust Score system is a great tool for evaluating exchange reliability. Its user-friendly interface makes tracking altcoin trends and new tokens effortless. Offering insights into NFTs and DeFi projects, CoinGecko is indispensable for investors and developers alike.

3. CoinMarketCap

CoinMarketCap is a leading platform for monitoring the crypto market. Its mobile app provides detailed data on coin rankings, price movements, and trading volumes, using volume-weighted averages from multiple exchanges for accuracy. Ideal for tracking trends and popular coins, it allows users to manage portfolios and set price alerts with ease.

4. Trust Wallet

Trust Wallet, Binance’s official mobile wallet, supports thousands of crypto assets with top-tier encryption and bank-level security. Users can securely store Bitcoin, Ethereum, and other tokens, stake assets, and interact with dApps. The TWT governance token lets users contribute to the platform’s development. Its intuitive interface makes it perfect for both individual and institutional investors.

5. MEXC

MEXC is known for low fees and a broad coin selection, particularly for new altcoins and memecoins, with pre-sale opportunities. Its Turkish support and user-friendly interface appeal to Turkish investors. Offering margin trading, DeFi, ETFs, and staking, MEXC provides diverse investment options. Its licenses and security measures make it a reliable choice for early investment opportunities.

6. VECTOR

VECTOR is an innovative platform promoting social trading. It offers an integrated wallet for secure asset management, real-time market data, and community discussions. Users can follow successful traders, share market insights, and learn strategies. With a user-friendly interface and robust private key management, VECTOR appeals to both beginners and experts, positioning it as a future leader in the crypto space.

7. MetaMask

MetaMask is a wallet app designed for Ethereum-based dApps, supporting Ethereum, Avalanche, and other compatible blockchains. Users can securely store crypto assets and connect to DeFi protocols and NFT marketplaces. Its open-source nature and intuitive interface make it a go-to for Web3 enthusiasts.

8. TradingView

TradingView is a powerful platform for technical analysis across crypto, stocks, and forex. Its mobile app offers real-time price charts and advanced tools. Users can share strategies and get feedback from a community of over 50 million. Available in free and premium versions, it’s a must-have for technical analysis enthusiasts.

9. Backpack

Backpack is a multi-chain wallet supporting Solana, Ethereum, Arbitrum, and Optimism. Users can trade crypto, manage NFTs, and access DeFi apps. Its xNFT integration allows developers to build dApps, which users can interact with directly from the wallet. With strong security and ease of use, Backpack is a top choice for modern investors.

10. DEX Screener

DEX Screener is a leading crypto analysis and charting tool, offering real-time on-chain data across 30+ blockchains like Ethereum, Solana, and BNB Chain. It tracks token prices, liquidity, market caps, and trading volumes, helping users spot trending altcoins and new token pairs. With features like price alerts and watchlists, it’s ideal for day trading, swing trading, or long-term investing. Its 30,000+ active community members and direct trading capabilities make it a powerful tool for discovering opportunities.

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The post What Are The Top 10 Cryptocurrency Mobile Apps? appeared first on Coin Engineer.

1. Crypto Market Cap Climbs Back to $3.5 Trillion

In Q2 2025, the global cryptocurrency market capitalization gained $663.6 billion, reversing most of the losses from Q1’s -18.6% drawdown. However, daily average trading volume dropped by 26.2% to $107.8 billion—marking the second straight quarter of declining spot activity, even as prices recovered.

2. Bitcoin Crosses $100K, Dominance Hits 62.1%

Bitcoin (BTC) was the clear winner this quarter, breaking past the $100,000 mark and climbing to a market dominance of 62.1%, up 7.6 percentage points since the start of the year. Institutional capital continued to favor Bitcoin over altcoins, reinforcing its role as the market anchor.

Meanwhile, Ethereum (ETH) slightly improved its market share to 8.8%, up 0.8 percentage points. It was the only top-7 altcoin to increase in dominance. Stablecoins and other large-cap tokens saw marginal drops.

3. Ethereum Rallies 36%, Still Below 2025 Start

ETH closed Q2 at $2,488, delivering a 36.4% quarterly gain and outperforming most major coins, including Solana, XRP, and BNB. Yet, it’s still down from its 2025 opening price of $3,337.

Despite the price growth, daily trading volume fell from $24.4B in Q1 to $19.5B in Q2. This drop may reflect growing use of OTC desks by institutional players. On-chain activity showed a healthier picture, with daily transaction counts rising to 1.3M and average gas fees falling to 3.5 Gwei.

4. Circle’s IPO Sets New Milestones

One of the most anticipated events of the quarter was Circle’s IPO on the NYSE. Initially priced at $31 per share, it closed the first trading day at $83.23 and surged to an all-time high of $299—an impressive +864.5% return from its debut price.

This blockbuster performance has stirred speculation around upcoming listings from other major crypto firms like Kraken, Gemini, and Grayscale.

5. Centralized Spot Volume Drops Despite Bullish Sentiment

Even as prices soared, centralized exchanges (CEXs) saw a steep decline in spot trading volume. Q2 ended with $3.9 trillion in volume, down 27.7% quarter-on-quarter.

Binance retained the top spot with 37-39% market share but saw trading volume fall below $500 billion in both April and June. MEXC, HTX, and Bitget were the only CEXs to post growth, while Crypto.com suffered the sharpest decline—dropping 61.4% to fall from #2 to #8 in the rankings.

6. Decentralized Crypto Exchanges Hit All-Time Highs

Decentralized exchanges (DEXs) surged in Q2, with total spot trading volume climbing to $876.3 billion—up 25.3% from Q1. The DEX-to-CEX volume ratio reached an all-time high of 0.23.

PancakeSwap was the standout performer, growing 539.2% quarter-over-quarter and handling $392.6 billion in trades—making it the largest DEX by volume. This momentum was largely driven by Binance Alpha, which began routing trades through PancakeSwap in May, pushing BSC to the forefront of DEX activity.

In contrast, Solana-based DEXs such as Orca, Meteora, and Raydium experienced heavy volume declines, losing up to 73.4% compared to Q1.

7. Perpetual DEX Volume Sets New Record: Hyperliquid Leads

Q2 also marked a record-setting quarter for perpetual trading on decentralized platforms, with total volume reaching $898.0 billion. Hyperliquid dominated the space, commanding a 72.7% market share with $653.2 billion in volume. This made it the eighth-largest perp exchange overall, including both DEXs and CEXs.

Other gainers included Aster (formerly APX Finance), RabbitX, and EdgeX. Aster doubled its volume after launching its Pro mode. Meanwhile, former leader dYdX continued to slide, managing just $5.3 billion in monthly average volume.

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The post 2025 Q2 Crypto Report: CoinGecko Released! appeared first on Coin Engineer.

What Is CoinGecko?

Founded in 2014 by TM Lee and Bobby Ong, CoinGecko is a Singapore-based crypto data platform that tracks over 17,000 digital assets and more than 1,000 exchanges worldwide. It provides real-time market data, including prices, market capitalization, trading volumes, and other key metrics. Beyond cryptocurrencies, CoinGecko also offers insights into NFTs and DeFi (Decentralized Finance) projects. With its intuitive interface and robust analytics, it’s an essential tool for investors, developers, and enthusiasts alike.

One of CoinGecko’s key strengths is its ability to aggregate prices from multiple exchanges to deliver a global average, ensuring more accurate and unbiased data. Its Trust Score system further enhances reliability by evaluating exchanges based on liquidity, security, and transparency.

How to Use CoinGecko

CoinGecko’s features cater to a wide range of users, from novices to professional traders. Below is a breakdown of its main sections and tips for effective use:

1. Homepage: A Snapshot of the Crypto Market

The homepage is CoinGecko’s most visited section, attracting millions of users monthly. It displays the top 100 cryptocurrencies by market capitalization, along with their current prices. You’ll also find an overview of the total crypto market cap and 24-hour trading volume, as well as trending coins and top gainers or losers.

Sort the table by 1-hour, 24-hour, or 7-day price changes to identify coins with significant recent movements. This is especially useful for spotting opportunities among low-cap coins by navigating through different pages.

2. Search Bar: Your Gateway to Discovery

The search bar is a powerful tool for quickly finding information on specific cryptocurrencies, NFTs, or categories. Search results include trending tokens, related articles, and GeckoTerminal charts, making it ideal for exploring new projects or staying updated on market trends.

3. Coin Pages: In-Depth Project Analysis

Each cryptocurrency has a dedicated page packed with essential data for research. Key sections include:

• Market Data: Price, market cap, 24-hour trading volume, circulating supply, and maximum supply.

• Project Details: Official website, social media links (Twitter, Discord, Telegram), blockchain explorer, and token contract addresses.

• Price Charts: Historical price movements, market cap trends, and TradingView integration for advanced analysis.

• Related Coins: Category tags to discover similar projects.

4. Categories: Stay Ahead of Market Trends

CoinGecko organizes coins into popular categories like Meme, GameFi, and AI Agents. You can sort these categories by market cap, 24-hour volume, or price changes. Detailed charts also track the performance of subcategories, such as Solana-based meme coins, helping you identify trending narratives.

5. Exchanges: Assess Reliability and Liquidity

CoinGecko lists both centralized and decentralized exchanges, showing which coins are available for trading, along with their Trust Score and liquidity metrics. This helps you decide where to trade a specific coin. For instance, a coin not yet listed on major exchanges may signal high growth potential but also higher risk.

6. NFTs: Explore the World of Digital Collectibles

CoinGecko tracks NFT collections, including floor prices, market caps, and 24-hour sales volumes. The NFT Heatmap visualizes the market share of top collections, and users can filter by blockchain to discover trending NFTs.

7. Portfolio: Track Your Investments

The portfolio feature allows you to monitor your holdings or create watchlists. You can log real investments or simulate virtual trades to test profit-and-loss scenarios. Setting price alerts ensures you stay informed about significant market movements.

8. API for Developers

CoinGecko offers a robust API for developers, providing access to real-time prices, historical data, exchange information, and NFT floor prices. Used by platforms like Etherscan and MetaMask, the API supports the creation of trading bots, portfolio trackers, and market analysis tools. Both free and paid plans are available.

Advantages of CoinGecko

• Free Access: Core features are available at no cost, offering a broad range of data.

• Transparency: Data is sourced from verified exchanges and presented impartially.

• Comprehensive Coverage: Tracks over 17,000 cryptocurrencies and 1,000+ exchanges.

• User-Friendly: The web and mobile app interfaces are intuitive for all skill levels.

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The post What Is CoinGecko? A Comprehensive Guide to Using It appeared first on Coin Engineer.

Record-Breaking Inflow Momentum

On June 6, spot Ether ETFs saw $25.3 million in net inflows, marking the third straight trading week of uninterrupted capital movement into these funds. If the trend continues, the current streak could surpass $1 billion next week.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

By contrast, spot Bitcoin ETFs saw a break in their inflow pattern on May 29, posting $346.8 million in outflows. Since then, Bitcoin ETF flows have been volatile.

ETH Price Surge Aligns With ETF Demand

Ether’s price is also strengthening. As of publication, ETH is trading at $2,490, up 31.23% over the past 30 days, according to CoinMarketCap. The bullish trend may be fueling investor interest in Ethereum-related ETFs.

Some analysts, including Crypto Eagles, believe Ether is mirroring historical gold fractals — possibly heading toward a $6,000 price target in the current cycle. ETH’s all-time high of $4,878 was recorded in November 2021.

Staking-Enabled ETFs Could Be Next

While spot Ether ETFs have gained traction, industry voices argue that staking functionality would greatly enhance long-term returns. On May 31, Cointelegraph reported that REX Shares had filed to launch the first Ethereum and Solana staking ETFs in the U.S., possibly within weeks.

ETF analyst James Seyffart noted that while an official launch date is still pending, REX used “regulatory workarounds” to fast-track the product.

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You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The WLFI community is currently voting on a USD1 airdrop proposal, while the token experienced a sharp 1,540% surge from $128 million to $2.1 billion in just two days in late April.

USD1 Circulates Mostly on BNB Chain

The vast majority of USD1’s supply is issued on the Binance-backed BNB Chain. Data from BscScan shows that over $2.1 billion worth of USD1 is circulating on the BEP-20 network, while its Ethereum-based ERC-20 version accounts for just $14.5 million, per Etherscan.

This massive spike occurred just days before Eric Trump announced that Abu Dhabi-based firm MGX would be investing $2 billion using USD1 on Binance.

HTX Among First Exchanges to List USD1

HTX (formerly Huobi), a crypto exchange associated with Tron founder Justin Sun, was among the first CEXs to list USD1, offering zero-fee withdrawals on the BEP-20 network from May 6 onward. Until then, USD1 was mostly available on decentralized exchanges like PancakeSwap and Uniswap.

Reports indicate that 90% of WLFI investors come from outside the U.S., with strong participation from Europe, Asia, and Latin America. This was echoed in a Bloomberg report from May 7, noting that most top holders of Trump-branded memecoins reside abroad.

The rise of USD1 aligns with Trump’s January 2025 executive order, “Strengthening American leadership in digital financial technology,” which promoted stablecoin innovation. However, both Trump and Binance have denied having any formal partnership or ties.

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The post Trump-Backed USD1 Becomes the 7th Largest Stablecoin in Just 2 Months appeared first on Coin Engineer.

Liquidation Process Bypassed Using HLP Vault

When the price of JELLY surged by 400%, the large short position held by the whale was not immediately liquidated. Instead, it was absorbed into the Hyperliquidity Provider Vault (HLP), a mechanism designed to process large-scale liquidations. Despite efforts to contain the exploit, the attacker still held 10% of JELLY’s total supply, worth nearly $2 million as of March 27.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Following the incident, Hyperliquid delisted JELLY, citing “suspicious market activity.” This move sparked criticism from the community, with some users questioning the platform’s decentralization. According to Bitget Research analyst Ryan Lee, Hyperliquid’s actions may damage trust in DEXs if interventions appear overly centralized.

DEX Growth Threatens CEX Dominance

Despite the exploit, decentralized exchanges (DEXs) like Hyperliquid are increasingly challenging centralized platforms (CEXs). CoinGecko co-founder Bobby Ong pointed out that some in the industry believe major CEXs are feeling threatened and may be fighting back to protect their market share.

“It’s clear that CEXes are feeling threatened by DEXes, and are not going to see their market share erode without putting on a fight,” Ong said in an April 3 post on X (formerly Twitter).

Hyperliquid Climbs the Ranks

According to CoinGecko data, Hyperliquid is now the eighth-largest perpetual futures exchange by volume, outperforming platforms like HTX, Kraken, and BitMEX. In terms of open interest, Hyperliquid ranks 12th globally, with over $3 billion in 24-hour open interest—though still behind Binance’s $19.5 billion.

While DEXs offer transparency and non-custodial trading, incidents like this highlight the ongoing security and trust challenges facing emerging decentralized finance platforms. How protocols like Hyperliquid respond will be crucial in shaping investor confidence going forward.

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The post Decentralized Exchanges Gain Ground Despite Hyperliquid Exploit! appeared first on Coin Engineer.

How Does the Solana ETF Process Work?

Franklin Templeton has registered Franklin Solana Trust in Delaware, preparing to file for a Spot Solana ETF. Previously, major asset managers such as Bitwise, Grayscale, VanEck, and 21Shares had also submitted applications to the SEC.

According to Delaware corporate records, Franklin Solana Trust was established on February 10 by CSC Delaware Trust Company, a firm that has registered numerous major crypto investment products in the past.

For its Solana ETF application, Franklin Templeton needs to submit Form 19b-4 and Form S-1. Some companies that registered a trust in Delaware have expedited the process by filing an official application with the SEC the next day.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

If approved, Franklin Solana Trust will be an investment product tracking Solana’s price movements. According to CoinGecko data, Solana currently has a market capitalization of $97 billion, making it the fifth-largest cryptocurrency in the world.

What Are the Chances of Solana ETFs Being Approved?

Franklin Templeton has repeatedly expressed confidence in the Solana network. In July 2024, it highlighted Solana’s high transaction volume and monolithic blockchain structure. In January 2024, it emphasized Solana’s DeFi growth and dominance in memecoin activity.

Bloomberg ETF analysts James Seyffart and Eric Balchunas estimate a 70% chance of Spot Solana ETF approval by the end of 2025. They also noted that this probability could significantly increase if Donald Trump wins the election in November.

However, the SEC still needs to clarify whether Solana is classified as a commodity or a security. This decision will directly impact the approval process for Solana ETFs.

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The post SEC Accepts Spot Solana ETF Applications! appeared first on Coin Engineer.