BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILEHYPE

Hyperliquid (HYPE)

$9.8B70-80% DeFi perpsCrypto Assets
3.25
B-index (V3.1)
BLACK HOLE
Capture1.321
Escape0.406
Key Structural Insight

Performance moat in DeFi is rare. Once traders migrate for speed, the advantage locks them in.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth6/10
Memory5/10
Action8/10
Process7/10
Network7/10
Closeness8/10
Portability4/10
Substitutability3/10
Human Fallback5/10
Org Depth5/10
Momentum9/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.6451CES(d, m, a, p)
Knowledge synergy σₖ0.5477√(d · m)
Operability synergy σₒ0.7483√(a · p)
Synergy boost1.19441 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.25001 + 0.5·o
Momentum multiplier1.27001 + 0.3·t
Total Capture1.3211c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.3958CES(x, s, h)
Feedback attenuation0.7742max(0.3, 1 − 0.35·core)
Total Escape0.4064ε + escCore · feedback
B = Capture / Escape3.251.321 / 0.406

Scoring Rationale

70-80% DeFi perpetual futures. Own L1 purpose-built for trading. First 24/7 on-chain S&P 500 futures. Performance matches CEX with self-custody. Explosive growth.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE8
+0.81
SUB3
-0.49
PORT4
-0.42
MEM5
+0.40
FALL5
-0.37
DATA6
+0.36
PROC7
+0.34
ACT8
+0.31
ORG5
+0.26
NET7
+0.24
MOM9
+0.15
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsCrypto Assets (9 peers)

#PlatformTickerB-indexZone
01Solana (SOL)SOL4.83BLACK HOLEProfile →
02Ethereum (ETH)ETH4.57BLACK HOLEProfile →
03BNBBNB3.47BLACK HOLEProfile →
04TRON (TRX)TRX1.85EVENT HORIZONProfile →
05Bitcoin (BTC)BTC1.82EVENT HORIZONProfile →
06Tether (USDT)USDT1.72EVENT HORIZONProfile →
07Cardano (ADA)ADA1.12TRANSITIONProfile →
08XRPXRP1.02TRANSITIONProfile →
09Dogecoin (DOGE)DOGE0.17USEFUL TOOLProfile →