Hyperion DeFi has partnered with shielded trading platform Silhouette to provide discounted fees for users. The collaboration gives Silhouette access to staked HYPE tokens, enabling all its traders to receive the lowest fee tier on the Hyperliquid exchange. Meanwhile, analyst Altcoin Sherpa notes the HYPE token’s price shows a bullish structure following a period of consolidation.
The decentralized finance protocol Hyperion DeFi has entered into a formal HYPE Asset Use Service agreement with Silhouette. This newly launched platform is a shielded trading venue built for the Hyperliquid ecosystem, focusing on privacy and cost reduction for traders.
Under the partnership, Hyperion will provide Silhouette with access to staked HYPE. This arrangement allows every Silhouette user to benefit from the lowest available trading fee tier on Hyperliquid, irrespective of their individual account size or volume.
Hyunsu Jung, CEO of Hyperion DeFi, said that the partnership is a sign of increasing demand for Hyperliquid, and we are excited about the opportunity to increase revenue and grow the user base. Chandler De Kock, Co-founder of Silhouette, emphasized the fee democratization, stating that with this deal, everyone can get the best fee on Hyperliquid.
Concurrently, an independent technical analysis of the HYPE token was shared by analyst Altcoin Sherpa. The assessment indicates the price transitioned from a consolidation phase into a clear bullish trend characterized by a sequence of higher highs and higher lows.
The current price pullback is described as remaining within healthy Fibonacci retracement support zones. The analysis suggests this movement is a normal correction within the prevailing uptrend rather than a reversal signal.
