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Rip.xyz Review 2026: Hypurr Vault on Hyperliquid

Rip.xyz is a small, new project on Hyperliquid and HyperEVM that ties a vault to Hypurr NFTs and an rHYPURR token. Published detail is limited, so treat it as an early-stage experiment.

By the DappsAtlas editorial team · Updated

DappsAtlas score

—/10

Not rated

Our verdict on Rip.xyz

Rip.xyz suits experienced Hyperliquid and HyperEVM users who want to explore an NFT-linked vault and accept early-stage risk. Its main strength is a focused product: the Hypurr Vault with a market and a share token. The main caveat is thin disclosure: no listed audits, no published fees or strategy detail, a small TVL and a track record of only a few months. Read the on-site documentation closely and keep exposure small.

Score breakdown

How Rip.xyz scores

Security
3.5/10
Ease of use
n/a
Fees
n/a
Features
5.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Rip.xyz?

Rip.xyz builds web3 applications and vault strategies for Hyperliquid and HyperEVM. Its homepage is titled Hypurr Vault & Hypurr Market and invites users to buy a Hypurr NFT or hold rHYPURR for a share of the vault.

DefiLlama lists it under NFT Automated Strategies, on Hyperliquid, with about $69.5K in TVL and a 4.7% rise over seven days. It has been listed since 5 March 2026 and shows no audits and no native token. Its X account is ripdotxyz.

the public information available are brief. This review covers what is published and flags what is unclear.

How Rip.xyz works

Rip.xyz describes itself as a builder of web3 applications and vault strategies for Hyperliquid and HyperEVM. Its homepage centres on two products: the Hypurr Vault and the Hypurr Market.

Per the homepage description, a user can buy a Hypurr NFT or hold rHYPURR to receive a share of the Hypurr Vault. A vault pools assets under a strategy, and holders get a proportional claim on the results. The specific strategy, how returns are generated and how holders redeem are not stated publicly.

DefiLlama classifies the project under NFT Automated Strategies, which fits an NFT-linked vault design.

4 features

Key features

01

Hypurr Vault

Holders of a Hypurr NFT or rHYPURR get a share of the Hypurr Vault, according to the homepage.

02

Hypurr Market

A marketplace for buying Hypurr NFTs, which are one way to gain vault exposure.

03

HyperEVM focus

The project is built for Hyperliquid and HyperEVM, and DefiLlama lists Hyperliquid as its chain.

04

rHYPURR share token

rHYPURR can be held as an alternative to owning an NFT, per the homepage meta description.

Pros and cons

What we like

  • Clear focus on the Hyperliquid and HyperEVM ecosystem
  • NFT or rHYPURR route gives two ways to get vault exposure
  • Vault and marketplace live under one project
  • TVL grew about 4.7% over the past week per DefiLlama

Watch out for

  • Very small TVL of about $69.5K, so liquidity and community depth are limited
  • No audits are listed on DefiLlama
  • Listed only since March 2026, so there is almost no track record
  • Homepage gives few details on fees, vault strategy or redemption terms
  • Depends on a single niche NFT collection (Hypurr) and on the Hyperliquid ecosystem

Rip.xyz fees

Fees are not published in the material reviewed. DefiLlama shows no fee data for Rip.xyz and its homepage does not list any.

Users should check the Hypurr Vault and Hypurr Market pages on the official site for marketplace fees, vault fees and network gas costs on HyperEVM before committing funds.

Is Rip.xyz safe?

DefiLlama lists no audits for Rip.xyz. Users take smart-contract risk on the vault, the NFT contracts and the rHYPURR token, and should not assume any protection if something fails.

The project is new, so there is no meaningful incident history either way. Vault strategy risk, NFT price risk and low liquidity are additional concerns. Check the official site and social channels for any security documentation, and confirm that using such products is permitted where you live.

6 steps

How to get started with Rip.xyz

  1. 1

    Visit the official Rip site and read the Hypurr Vault and Hypurr Market pages.

  2. 2

    Set up a wallet that supports HyperEVM and add the network if needed.

  3. 3

    Fund the wallet with the assets needed for gas and purchase.

  4. 4

    Decide between buying a Hypurr NFT or holding rHYPURR for vault exposure.

  5. 5

    Check vault terms, fees and redemption rules shown on the site before confirming.

  6. 6

    Start with a small amount given the limited track record.

Who Rip.xyz is for

Rip.xyz is for crypto users already active on Hyperliquid or HyperEVM who are curious about NFT-backed vault exposure and understand the risks of new, unaudited protocols. It is not suited to anyone who needs audited, long-established infrastructure.

Rip.xyz FAQs

What is Rip.xyz?

Rip.xyz builds web3 applications and vault strategies for Hyperliquid and HyperEVM. Its homepage points to the Hypurr Vault and the Hypurr Market.

How does the Hypurr Vault work?

According to the homepage description, you can buy a Hypurr NFT or hold rHYPURR to get a share of the Hypurr Vault. How the share is calculated and paid out is not described in the material we reviewed.

Does Rip.xyz have a token?

DefiLlama lists Rip.xyz with no token of its own. rHYPURR is mentioned on the homepage as a way to share in the vault, but no separate ticker or token data is given publicly.

Has Rip.xyz been audited?

DefiLlama lists zero audits for Rip.xyz. It is a new project, listed since March 2026, so users should assume smart-contract risk and size positions accordingly.

Which chain does Rip.xyz use and how big is it?

Rip.xyz runs on Hyperliquid, including HyperEVM. DefiLlama shows TVL of roughly $69.5K, up about 4.7% over seven days.

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How we checked

Sources

  1. 1.defillama.com/protocol/rip.xyz

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