Unit
Non-custodial cross-chain asset tokenization layer on Hyperliquid
Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$119.32KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $119.32K | -- | -- | -- |
| Oct 2026 | $471.63K | -- | -- | -- |
| Sep 2026 | $504.71K | -- | -- | -- |
| Aug 2026 | $434.22K | -- | -- | -- |
| Jul 2026 | $280.08K | -- | -- | -- |
| Jun 2026 | $406K | -- | -- | -- |
Comparison
Sub Organizations
Follow Updates
Follow Lists
People
About Unit
Unit (Hyperunit) is the asset tokenization layer for Hyperliquid: native BTC, ETH and SOL are locked and minted as onchain spot, so they can trade directly against Hyperliquid's order books. It fills a structural gap — Hyperliquid settles only in USDC and has no native BTC or ETH spot. For traders this means using BTC directly as margin and settlement instead of converting to stablecoins first.
The mechanism is a lock-and-mint bridge, with assets held by the Guardian network under a two-thirds multisig and OFAC screening plus geofencing before deposits. It supports about 13 assets, has processed over $14 billion in cumulative deposits and withdrawals, and added Solana assets such as ANSEM in July. In April 2025 a Guardian outage delayed BTC withdrawals, and reserve attestations are not publicly third-party audited — the bridge's trust model is the main risk. Deposit addresses and custody are managed by the network itself.
Unit (HyperUnit) launched in February 2025 with a team drawn from HRT, Jump and Fortress, providing native asset tokenization and cross-chain rails for Hyperliquid.
On May 15, 2025 Unit completed its first integrations for BTC, ETH and SOL, letting users lock native assets and mint uBTC, uETH and uSOL one-to-one on Hyperliquid.
Unit runs a guardian network with threshold signatures: at least two of three guardians must agree before funds move across chains, with Unit, Hyperliquid and Infinite Field currently serving as guardians.
In August 2025 a Bitcoin whale deposited 22,769 BTC, worth about $2.59 billion, through Unit and swapped it entirely into uETH, its largest public use case to date.
By 2026 Unit had settled more than $14 billion in deposits and withdrawals across over a million operations, and uBTC and uETH spot volume had both surpassed HYPE itself.
Unit has no token and takes no outside investment, describing itself as self-funded and directing almost all revenue into buying HYPE, which makes it read more like Hyperliquid infrastructure than a standalone protocol.
In 2026 Unit kept adding assets such as PUMP, XPL and ANSEM, giving hot projects a day-one spot venue at TGE, while its off-chain guardian design continues to draw centralization concerns.
Unit (Hyperunit) became the primary on-ramp for spot assets on Hyperliquid in 2026. As Hyperliquid's asset-tokenization layer, it uses a lock-and-mint bridge to bring native BTC, ETH, SOL and more on-chain as 1:1 redeemable uBTC, uETH and uSOL, secured by a 2-of-3 MPC Guardian network run by Unit, Hyperliquid and Infinite Field. Lifetime deposits have passed $14 billion across over a million operations, and UBTC/USDC is among Hyperliquid's busiest spot books (~$54.5 million in 24-hour volume in mid-October). Coverage keeps expanding — adding ZEC (UZEC), AVAX, XPL, MON, VIRTUAL and Solana tokens such as PUMP, FARTCOIN, SPX and BONK — and Unit serves as the day-one trading venue for high-profile TGEs like PUMP and XPL. The protocol charges no deposit/withdrawal fee, only source- and destination-chain network fees.
Future strategy and roadmap: Unit's moat is 1:1 native-asset parity plus being Hyperliquid's default deposit address: more than $14 billion deposited over its lifetime, about $437 million of TVL and roughly $3.66 million in annualised fees, with corridors extending from BTC, ETH and SOL to Plasma's XPL and Monad's MON. The strategic constraint is its trust model — a 2-of-3 MPC split among Unit, Hyperliquid Labs and Infinite Field, with a roadmap to widen the Guardian set and open governance, which decides whether institutional treasuries can use it; the team is self-funded with no disclosed outside round, so expansion is bounded by its own cash flow, while OFAC screening and IP geoblocking keep it usable for institutions. Across, Stargate, deBridge and Mayan all chase the same inflows, and Unit's difference is no wrapper and no issuer, not fees.
shoku, co-founder, started by buying bitcoin in 2013, traded New York taxi medallion puts and leveraged Japanese apartments in 2014, paid 2,000 ether for CryptoPunk #8857 in 2021, and invested early in Ethena, Monad, Berachain and Ambient. In 2023 he privately recommended Hyperliquid to several industry peers, teased the project on Christmas 2024, launched it in February 2025 and incubated TradeXYZ the same year.
The team has four co-founders drawn respectively from Israeli military cyber units, venture capital and traditional finance, crypto community operations, and engineering execution; most members stay anonymous and there are no outside shareholders.
Operations and governance run through a 2-of-3 multisig Guardian split between Unit, Hyperliquid Labs and Infinite Field. shoku declines to disclose his employment relationship with Hyperliquid and stresses that Unit is an independent team; core members go by community handles, and decisions are made within the four-person inner circle.