Hyperion DeFi Inc. (NASDAQ:HYPD) announced on March 24 that it has signed a HYPE Asset Use Service agreement with Silhouette, a trading platform built on the Hyperliquid blockchain.
Through the partnership, Hyperion DeFi will supply staked HYPE tokens to Silhouette, enabling users on the platform to benefit from lower transaction fees when trading on Hyperliquid. Silhouette operates as a shielded trading platform designed to keep trading strategies confidential while still allowing full execution of trades.
“We are excited to work with Silhouette and support their platform using the unique decentralized finance primitives we have built over the past several months,” said Hyunsu Jung, chief executive officer of Hyperion DeFi.
Silhouette aggregates staked HYPE tokens to grant all of its users access to Hyperliquid’s lowest fee tier, regardless of their account balance or trading activity. The platform aims to offer competitive trading costs that individual traders typically cannot access on their own.
“While Hyperliquid’s fee tiers are powerful, most traders are unable to access the most competitive rates. Through our partnership with Hyperion DeFi, we have shifted that dynamic,” said Chandler De Kock, co-founder of Silhouette.
Silhouette said it plans to launch a growth initiative aimed at increasing trading activity on its platform. The company operates on Hyperliquid, a blockchain designed for high-frequency trading with block times of approximately 70 milliseconds.
HYPE is the native token of the Hyperliquid network. Staking the token provides benefits such as reduced trading fees and higher referral rewards. As of March 2026, more than 41 million HYPE tokens had been acquired and locked by the blockchain using trading fees generated across the network.