Hyperliquid Ecosystem Exploration (Part 2): Interpreting the Data and Narratives of Hypurr’s Head Tokens

Original | Odaily Planet Daily ( @OdailyChina )

Author｜Nan Zhi ( @Assassin_Malvo )

After FARM made the Hyperliquid ecosystem Pump platform Hypurr popular, Hyperliquid spot auctions became increasingly popular, soaring from FARMs $180,000 to a high of $970,000, and the latest transaction price was $360,000.

In the previous article Hyperliquid Ecosystem is on the Rise: A Quick-Track Introduction to the Pump-like Platform Hypurr , we introduced how to participate in transactions on the Hypurr platform. This article will review the data and concepts of tokens with the largest historical market value of more than 1 million US dollars on the Hypurr platform (including tokens that have been launched on Hyperliquid), explore the mainstream narrative and price patterns, and some pure meme tokens with smaller market value are only listed in the table and will not be introduced in the main text.

FARM (available on Hyperliquid)

Basic Information

Data: Current market value is 25 million US dollars, and the highest market value is 45 million US dollars.

Social media account: X account ( https://x.com/thefarmdotfun) .

Project Narrative

AI creature cultivation and competitive games. In the first phase, users create AI creatures through the platform, and FARM token holders can vote to decide which creatures can survive permanently, and the winners will receive FARM token rewards.

In the second stage, the offspring cultivation mode will be started based on the surviving AI creations, and then the competition content of the creations will be opened in the third stage.

HYENA (available on Hyperliquid)

Basic Information

Data: Current market value is US$9.32 million, and the highest market value is US$9.32 million.

Social media account: X account ( https://x.com/hyenahl) .

Project Narrative

Pure meme, no application or specific narrative.

CAT (available on Hyperliquid)

Basic Information

Data: Current market value is 8 million US dollars, and the highest market value is 18 million US dollars.

Social media account: X account ( https://x.com/liquidcatHL) .

Project Narrative

Pure Meme, which failed twice in the auction for spot listing qualifications and plummeted (down about 90%), is one of the few tokens in the new ecosystem that has experienced major fluctuations.

BEATS AI

Basic Information

Data: Current market value is $3.79 million, and the highest market value is $5.9 million

Social media account: X account ( https://x.com/0x beatsai)

Project Narrative

According to the official roadmap , Beats Foundation is developing into a comprehensive AI content platform that supports the creation, management and distribution of AI-generated creative content. Its goal is to build an ecosystem where AI artists can develop, collaborate and attract audiences through automated content generation and management tools.

The official AI-based music creation platform has been launched and about 1,200 AI-based music has been created .

HYRO

Basic Information

Data: Current market value is $2.07 million, and the highest market value is $3.52 million

Social media account: X account ( https://x.com/hyroonhl?s=21)

Project Narrative

HYRO plans to create a content series centered around the liquid hero character, with a total of four modules, including animated shorts, daily broadcasts, PFP series, and animated series, but there are currently no products available .

HCR

Basic Information

Data: Current market value is $1.11 million, and the highest market value is $1.7 million

Social media account: X account ( https://x.com/hcr_bot)

Project Narrative

According to the official description, HCR is an X account owned by an autonomous AI. It is based on the legendary GCR (should refer to the legendary trader GCR) and adds Hyperliquid technology and API framework.

However, after the author checked the X account, it was found that the account only discussed the two tokens HYPE and HCR from a positive and subjective perspective, rather than an objective evaluation like a trader.

OILY

Basic Information

Data: Current market value is $1.08 million, and the highest market value is $2.17 million

Social media accounts: X account ( https://x.com/oilyonhl), role display (https://www.oilyonhl.xyz/#top)

Project Narrative

No product, pure meme character.

LUNA

Basic Information

Data: Current market value is $970,000, and the highest market value is $1.64 million

Social media account: X account ( https://x.com/LunaAI_HL)

Project Narrative

The character AI Agent is currently able to reply to users on the X platform, but has no special functions beyond conversation. The official said that it will migrate to an improved custom model and add more functions.