Four Pillars and GLC Research announced on the 18th the official launch of the Hyperliquid Research Collective (HRC), a global research organization dedicated to Hyperliquid, the on-chain derivatives platform. The project is powered by the participation of leading DATs and companies across the Hyperliquid ecosystem — including HypurrCollective, Hyperion DeFi, Hyperliquid Strategies, and B-Harvest — and aims to serve as an independent research hub covering the full scope of Hyperliquid’s technology, economics, and governance.
The launch comes as the Hyperliquid ecosystem rapidly expands and is designed to address the structural challenges the market currently faces. HRC has identified three core problems as its top priorities: (1) information asymmetry around Hyperliquid’s technology and financial model, (2) fragmented data scattered across multiple platforms, and (3) limited global visibility among institutional investors. In particular, HRC plans to focus on accurately communicating to the market that Hyperliquid is not merely a crypto futures exchange, but on-chain financial infrastructure backed by advanced technology and real cash flow.
First, to resolve the information asymmetry surrounding Hyperliquid, HRC will systematically deliver regular analytical reports, valuation frameworks, financial analysis, and research on projects within the HyperEVM ecosystem. Second, it will consolidate information dispersed across X, Discord, and community analyses to serve as a “Single Source of Truth,” offering Hyperliquid-related intelligence in one place. Finally, to address the limited global recognition of the $HYPE token and barriers to institutional access, HRC will pursue a global distribution strategy aimed at communicating Hyperliquid’s value to asset managers and traditional financial institutions.
HRC will also place significant focus on the token risk premium, a key factor shaping Hyperliquid’s valuation. In traditional finance, equities benefit from stable reporting frameworks and transparency, which translate into lower risk premiums. Tokens, by contrast, are subject to higher discount rates due to structural factors such as volatility, limited transparency, and information asymmetry. To narrow this gap, HRC plans to drive transparent data disclosure, strengthen financial analysis, and foster analyst consensus — with the goal of helping Hyperliquid earn higher valuation multiples over the long term.
Four Pillars and GLC Research have consistently published in-depth Hyperliquid research free of charge, and plan to further broaden and deepen the scope of their work through HRC. The two firms stated, “Hyperliquid is a critical project that shows the future of on-chain finance, yet its value has not been fully reflected in the market,” adding, “HRC will help elevate Hyperliquid to a Wall Street-level research standard and deepen understanding of the ecosystem as a whole.” They further noted, “This project is a hub that we are building together with the community.”
Going forward, HRC plans to progressively release not only research reports and data series but also briefings for global institutions, monthly and quarterly Hyperliquid insights, and ecosystem metrics dashboards.