Research

How Hyperliquid is Redefining Decentralized Perpetuals in 2025

This decentralized perps exchange has not only survived the bear market—it’s thriving. Backed by real revenue, a growing user base, and a unique listing model, Hyperliquid is emerging as the “Uniswap of Perps.”
Token Metrics Team
4 min
MIN

While most exchanges compete on liquidity or UI, Hyperliquid is rewriting the rules entirely.
This decentralized perps exchange has not only survived the bear market—it’s thriving. Backed by real revenue, a growing user base, and a unique listing model, Hyperliquid is emerging as the “Uniswap of Perps.”

The Reverse Auction Listing System

Hyperliquid introduces a novel reverse auction system for listing tokens. Bidders compete for tickers, with starting prices set at 2x the previous auction. Some tickers have fetched over $1 million, with the fees used for buybacks and burns—driving long-term value to the ecosystem.

This model isn’t just a gimmick. It introduces scarcity and gamification into token listings—something no other exchange is doing at this level.

Sustainable Revenue and Strong UX

Unlike many DEXs, Hyperliquid generates consistent trading fees, even in sideways markets. Its EVM-compatible L1 is coming soon, which could further cement it as the go-to perps exchange for serious traders.

Product-Market Fit in Action

In a space where hype often outpaces adoption, Hyperliquid offers both. It's not trying to be first—it's trying to be the best. The community listing process, upcoming L1, and high trading volumes all suggest it’s built for long-term relevance.

Smarter Trading with Token Metrics

To navigate emerging platforms like Hyperliquid, sophisticated analytics are key. Token Metrics provides a powerful suite of tools—AI-driven trading signals, token grades, on-chain data, and market indicators—to help traders make confident, data-backed decisions. Whether you're evaluating new token listings, monitoring market sentiment, or comparing DEX performance, Token Metrics equips you with everything you need to stay ahead of the curve.

Final Take

Hyperliquid is more than just another DEX—it’s a case study in how to build sustainable tokenomics and community alignment. If you’re looking for the next big infrastructure play in trading, don’t sleep on this one. And if you want to trade smarter, platforms like Token Metrics can be your secret weapon in decoding the market's next moves.

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Token Metrics Team
Token Metrics Team

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Research

Inside Token Metrics’ Market Page Upgrade: Smarter Signal Discovery

Token Metrics Team
5 min
MIN

Introduction
With thousands of crypto tokens flooding the market, finding the best-performing assets can feel like searching for a needle in a haystack. Token Metrics is solving this with a revamped Market Page experience — designed to surface top signals faster and help users make smarter trading decisions.

Why the Market Page Matters
The Market Page is the heartbeat of Token Metrics' analytics platform. It showcases real-time data on the latest bullish and bearish signals across tokens, providing users with instant access to the platform’s top-rated opportunities. With the recent update, it’s now more powerful and user-friendly than ever.

What’s New in the Market Page?

  1. Top-Performing Signals First – The layout now prioritizes tokens with the highest ROI bold signals. This means the most alpha-generating opportunities are surfaced first — saving users valuable time.
  2. Smarter Filters – Users can sort by return, grade, time frame, and signal type. Want only tokens with a Trader Grade above 80? Just one click away.
  3. Improved Visuals – A cleaner UI now highlights key metrics like entry price, ROI since signal, and latest update date.

How It Helps Traders
This upgrade isn't just cosmetic. It fundamentally changes how traders interact with the platform:

  • Faster decision-making by highlighting the best signals up front
  • Better precision using advanced filters for investor profiles
  • Increased confidence from seeing clear data behind every signal

Case Study: Launch Coin
Launch Coin, the best performing token in 2025 with a 35x return, was identified early thanks to the Market Page’s bold signal tracking. Its signal rose to the top immediately after performance started climbing — helping early users lock in life-changing gains.

How to Use the Market Page Like a Pro

  1. Visit the Market Page daily to track new signal updates
  2. Filter by 24H/7D ROI to catch fast movers
  3. Use Grades to Align with Your Strategy
  4. Follow Narratives: Filter by AI, DeFi, Gaming, and other emerging themes

The Power of Daily Signals
With market conditions changing fast, the daily updates on the Market Page give Token Metrics users an edge — surfacing fresh opportunities before they trend on social media or make headlines.

Conclusion
The new Market Page isn’t just a dashboard — it’s a discovery engine. Designed for both beginner and experienced traders, it brings clarity, speed, and precision to crypto investing.

Research

Bitcoin vs. Altcoin Season: Where the Market's Headed in 2025

Token Metrics Team
5 min
MIN

Introduction
In the ever-evolving world of crypto, understanding the cyclical relationship between Bitcoin and altcoins is crucial for successful trading. During Token Metrics’ latest market update, Ian Balina highlighted key indicators pointing to a shift in momentum — possibly signaling the return of an altcoin season.

What Is Altcoin Season?
Altcoin season is a period in the crypto market where altcoins outperform Bitcoin in terms of price gains. Historically, this shift occurs when Bitcoin stabilizes after a rally, giving room for capital rotation into smaller-cap tokens with higher risk/reward potential.

Bitcoin’s Dominance and the Signs of Rotation
As of May 2025, Bitcoin remains a market anchor, but its dominance is showing signs of plateauing. Ian pointed out that capital is beginning to flow into AI tokens, new infrastructure plays, and community-driven projects like Launchcoin — which has already returned 35x gains. These trends are classic precursors to altcoin season.

Top Performing Altcoins Identified by Token Metrics
Token Metrics’ bold signals have identified several high-performing altcoins, such as:

  • Launchcoin: 35x gain since the signal triggered.
  • AI Infrastructure Tokens: Benefiting from the broader AI narrative in crypto.
  • DeFi 2.0 Protocols: Getting renewed attention amid institutional interest.

Key Indicators to Watch

  1. Bitcoin Dominance Chart – A drop below 50% dominance often precedes altcoin rallies.
  2. Volume Trends – Increasing volume on altcoin pairs indicates rising interest.
  3. Token Metrics Grades – Look for altcoins with high Trader and Investor Grades — a dual signal of short- and long-term strength.

How to Prepare Your Portfolio
Traders should consider gradual rotation — locking in BTC gains and reallocating to top-rated altcoins. Using Token Metrics’ tools:

  • Monitor daily signal updates
  • Filter by Trader Grade > 80 and recent bold signals
  • Keep an eye on AI and DeFi narratives, as they dominate 2025’s momentum

Conclusion
Whether we’re entering a full-blown altcoin season or just a mini-cycle, the signals are clear: capital is rotating. Use data, not guesswork. With Token Metrics’ AI-powered tools, you can identify high-potential opportunities and stay ahead of the curve in both Bitcoin and altcoin markets.

Research

Rise of AI Coins: How AI Narratives Are Fueling the Next Bull Run

Token Metrics Team
4 min
MIN

Introduction
AI is no longer just a tech buzzword — it’s a dominant force driving the next wave of crypto innovation. In 2025, artificial intelligence has found a new frontier: blockchain. From infrastructure protocols to AI-native tokens, the market is seeing a surge in interest, investment, and returns for coins tied to the AI narrative. Token Metrics is at the forefront, helping users identify these explosive opportunities.

Why AI Coins Are Surging
The intersection of AI and crypto isn’t random. Three forces are converging to power this narrative:

  1. Mainstream AI Adoption – With tools like ChatGPT and Claude going mainstream, interest in AI has exploded.
  2. Decentralized Intelligence – Blockchain offers a secure, transparent way to distribute AI models and datasets.
  3. Speculative Momentum – The hype around AI is creating high-risk, high-reward token launches with strong upside potential.

Token Metrics’ AI Token Detection Strategy
Token Metrics uses its proprietary AI to identify early momentum in the market. Here's how it helped surface the best-performing AI tokens:

  • Volume spikes and unusual trading patterns
  • Token grades showing >80 Trader Score
  • Bold signals based on narrative tracking
  • Cross-chain analysis for upcoming projects

Ian Balina noted during the recent webinar that several AI coins have already delivered outsized returns — and this is just the beginning.

Examples of AI Tokens to Watch

  • Launch Coin – While not an AI token itself, its virality shows how fast narratives spread.
  • AI Infrastructure Projects – Platforms building decentralized compute for training and deploying models.
  • AI DeFi Hybrids – Tokens merging machine learning with trading, risk management, or yield optimization.

How to Ride the AI Wave
Using the Token Metrics platform, here’s how to position your portfolio:

  • Use Bold Signals: Sort by AI narrative to find breakout projects.
  • Set Alerts: Monitor new signal generation across top AI narratives.
  • Filter by Grade: Combine high Trader Grade with AI tag for high-conviction trades.

What This Means for Investors
The AI narrative is not a flash in the pan. It represents a paradigm shift in both technology and finance. Tokens that combine utility, vision, and timing will thrive. As always, early entry is key — and that’s where Token Metrics’ daily insights give users the edge.

Conclusion
AI tokens are fueling the next crypto bull run — and the smartest investors are already positioned. With real-time signals, narrative filters, and AI-powered grading, Token Metrics is your map through the chaos. The next big opportunity may already be on the Market Page.

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