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Browse every House of Chimera article: Web3 protocol research, crypto market insights, macroeconomics, and Academy guides for newcomers.
- Academy
- Hype
What Are RWA Perps? Understanding Real-World Asset Perpetual Markets
RWA perps exploded in 2026, from 29 to 600+ markets and $100B+ in volume. Learn how real-world asset perpetuals work, how Hyperliquid HIP-3 and Variational compete via CLOB vs RFQ models, and the risks facing perp DEXs.
- Market insights
- Hype
Unlocking HyperLiquid’s Extraordinary Growth: Top Lessons from a Multi-Billion-Dollar Empire
Explore how Hyperliquid grew through its order-book architecture, HyperBFT, HyperCore, HLP vaults, token distribution, and liquidity strategy.
