SwissBorg Integrates Hyperliquid, Boosts Fiat-to-Crypto Trading

Hyperliquid's latest price was $36.10, down 2.916% in the last 24 hours. SwissBorg, a leading European app for investing and earning crypto, has announced the integration of Hyperliquid, a prominent decentralized exchange, into its Meta-Exchange (MEX). This integration allows SwissBorg users to trade Hyperliquid-native assets, including the $HYPE token, directly from fiat currencies such as EUR, GBP, and CHF in a single, one-tap transaction. This move unlocks access to deep liquidity and competitive pricing through direct routing to Hyperliquid’s native order books, setting a new standard for user-friendly, on-chain trading in Europe. The integration provides coherent and compliant access to both centralized and decentralized crypto infrastructure.

Nicolas Remond, CTO from SwissBorg, highlighted the industry shift toward high-performance, on-chain infrastructure that rivals centralized exchanges in speed and liquidity without compromising transparency. More users are seeking direct access to DeFi without the complexity of bridges, wallets, and gas fees. SwissBorg stands at the forefront of this new standard, offering regulated platforms with simple access to decentralized markets. Access to native assets like $HYPE has largely been limited to on-chain native platforms. SwissBorg is now the first EU-regulated platform to offer direct fiat-to-$HYPE conversions, leveraging Hyperliquid’s full liquidity without requiring users to interact with bridges or external wallets. All trades are processed via SwissBorg’s Meta-Exchange, which intelligently aggregates liquidity from multiple chains, including Solana, Avalanche, Berachain, and now Hyperliquid, to support single tap trading across chains with no need for bridges or multiple swaps. To date, SwissBorg leverages 13 decentralized and 5 centralized exchanges.

The integration is designed for accessibility and performance. Through SwissBorg’s mobile application, users can instantly convert 16+ fiat currencies to $HYPE and other Hyperliquid-native assets, swap assets cross-chain with full route optimization, experience DeFi infrastructure within a centralized app interface, and benefit from the Meta-Exchange’s Smart Engine, which ensures each trade benefits from optimal pricing and liquidity routing across supported markets. This integration is a strategic step for SwissBorg’s on-chain ecosystem, building on recent integrations with Avalanche and Berachain. The platform’s foundation for decentralized trading, yield opportunities, and Web3 incentives continues to expand, paving the way for on-chain yield strategies and “Earn” programs tied to Hyperliquid assets, participation in points-based farming and airdrops via SwissBorg’s Alpha Rewards, and a future listing of the native $BORG token on Hyperliquid.

Hyperliquid has quickly become a main character in the crypto space after it became the leading decentralized finance (DeFi) exchange for perp trading. As its popularity has grown, so has the attention being paid to the platform. Crypto investors are pivoting toward more decentralized platforms for their perpetual trading activities, and HYPE’s mindshare has grown exponentially over the last few months. This rising interest translated to a major surge in the platform’s trading volume over the last few weeks. Most notable were the billion-dollar bets placed by James Wynn, who has quickly risen to become the most popular crypto trader on Hyperliquid. His trades garnered the interest of thousands, putting more eyes on the platforms as onlookers stood by to see the outcome of his trades.

In particular, over the last week, the platform recorded its highest weekly volume since it was launched, reaching $78.672 billion in trading volume between May 11 and May 18, 2025. Daily trading volumes have also not been left out, consistently crossing the $2 billion mark daily. Its highest daily trading volume yet was recorded on May 21, 2025, with $17.731 billion trade on the platform. Cumulatively, the Hyperliquid platform has reached $1.156 trillion in volume in three years of operation. Other major developments that the platform has seen is the rise in the open interest. The platform celebrated a new all-time high after open interest crossed the $10.1 billion mark on the platform. The amount of USDC locked on the platform also climbed to $3.5 billion, with $5.6 million in fees generated in only a 24-hour period. In one week, the platform was able to generate over $22 million in fees alone.

Hyperliquid has reached new all-time highs in key metrics. The open interest reached $10.1 billion, 24-hour trading fees hitting $5.6 million, and TVL in USD Coin (USDC) climbing to $3.5 billion. These new highs come less than a week after Hyperliquid had already set previous records in these same metrics. At that time, open interest stood at $8.9 billion, daily trading fees were $5.4 million, and USDC TVL totaled $3.2 billion. This marks a 13.5% increase in OI, a 3.7% rise in fees, and a 9.4% growth in USDC TVL in just five days, indicating acceleration in user activity and growing liquidity on the platform. The new ATHs in Hyperliquid’s platform metrics come on the heels of HYPE price also hitting a new ATH. This marks an 329% surge from its local low of $9.30 on April 9. The price action leading up to the ATH rally followed a classic double bottom formation that began in early March. The pattern’s neckline, located around $17, was broken on April 19. Since then, HYPE has consistently posted higher highs and higher lows, culminating in yesterday’s ATH.