← ProtoLedger Index

Hyperliquid

HYPE

UNCALIBRATED — awaiting v4 re-assessment

Monetary Fitness
5.29
/ 10
System Soundness
4.78
/ 10
A1 < 7 Not money-in-use B1/B2 < 7 Not a sound system

Layer A — Monetary Fitness 5.29

A1Acceptability & Liquidity
UNCALIBRATED 4/10
A2Value Stability
UNCALIBRATED 3/10
A3Usability & Safety
UNCALIBRATED 4/10
A4Portability & Divisibility
UNCALIBRATED 7/10
A5Fungibility
UNCALIBRATED 5/10
A6Recognizability
UNCALIBRATED 6/10
A7Cost Efficiency & Capacity
UNCALIBRATED 8/10

Layer B — System Soundness 4.78

B1Supply Integrity
UNCALIBRATED 5/10
B2Settlement Assurance
UNCALIBRATED 9/10
B3Resilience, Liveness & Capacity
UNCALIBRATED 4/10
B4No Single Point of Control
UNCALIBRATED 2/10
B5Rule Auditability
UNCALIBRATED 4/10
B6Forward Security Margin
UNCALIBRATED 4/10
B7No Invisible Rent
UNCALIBRATED 4/10
B8Capture-Resistant Rule-Change
UNCALIBRATED 3/10
B9Resource Proportionality
UNCALIBRATED 8/10
B10Claim Enforceability
N/A

Layer C — Disclosures

Disclosed without scoring. These axes describe design choices, not quality.

Privacy Posture Transparent
Identity Model Pseudonymous
Issuance Ethic Fixed genesis + buyback/burn
Consensus Cost HyperBFT (~25 validators)
Governance Model Team/foundation
Autonomy Accountability Low autonomy (intervention precedent)
Jurisdictional Posture
Catastrophic Failure Modes