PolygarNaidu
1.5K posts

PolygarNaidu
@cryptonaidu
General partner @Asvacapital. founder @moonstone_io |
Bengaluru, India 가입일 Aralık 2014
7.5K 팔로잉1.5K 팔로워
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PolygarNaidu 리트윗함
PolygarNaidu 리트윗함
PolygarNaidu 리트윗함
PolygarNaidu 리트윗함
PolygarNaidu 리트윗함

Crypto is updating the financial system
- Stablecoins are becoming fast, free, global money
- Any asset can now be tokenized, traded, and settled, 24/7
- Prediction markets are letting people put skin in the game on what they believe
We’re building toward this future on @base
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This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.
Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.
Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.
Within 3 years, he was running one of the largest anonymous crypto trading firms.
Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.
Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.
Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.
Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.
In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.

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PolygarNaidu 리트윗함

The next bull market has already begun, its just not what you're used to.
Its happening in tokens that look and operate more like public equities than traditional governance tokens.
This market is demanding cash-flows, programmatic buybacks, transparent & public accounting, and real onchain business model forecasting with path to sustainable revenues.
Welcome to the new era.
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the biggest companies in the world are worth between $1.3T and $4.6T today
by 2030, I think multiple of them could be worth $10T, maybe even $20T each (sharing 2 picks below)
The reason why is vertical integration and AI centralization
the companies best positioned for $10T+ aren't just building one layer. they're building the whole stack. chips, data, hardware, software, models ,etc.
every layer reinforces the one above it.
NVIDIA is the obvious name. they already have $4.6T.
every company building AI needs their GPU clusters, and NVIDIA keeps making the next generation of GPUs faster before anyone else can catch up.
but the moat isn't just chips, it's the software ecosystem (CUDA) built around it over 20 years. this growth isn't slowing down so long as AI isn't slowing down
Tesla is the other, maybe less obvious one, which is why I think it's interesting.
Tesla owns the data, which feeds the AI, which is used within the robots (cars, humanoids, etc).
Tesla doesn't just own each layer, it always manufactures each layer (including chips soon enough)
no-one will be able to compete with what Tesla is building in just a few years from now and they are building some of the biggest products in the world
the $10T mark implies roughly a 7x from here for Tesla and a 2.2x for NVIDIA over four years.
those aren't absurd numbers for companies compounding at 30-40% annually on the right side of the biggest tech shift in a generation
my actual guess is they are closer to $20T by the time we get to 2030

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24/7 Commodities trading on-chain with GMX , Global Financial markets are being built on-chain and they're powered by Chainlink.
Chainlink@chainlink
Gold (XAU) and Silver (XAG) are now tradable 24/7 on @GMX_IO, fully powered by Chainlink. High-speed data from Chainlink Data Streams is unlocking GMX's rapid expansion into 24/7 RWA perp markets. LINK gold. LINK silver. LINK everything.
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PolygarNaidu 리트윗함

BofA's research team did a deep dive on Kalshi. The weekly volume increase over the past year is eye popping.
Also, Kalshi apparently has a 91% market share in U.S. prediction markets. Per BofA's work Crypto.com has a bigger slice of the pie than Polymarket.


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PolygarNaidu 리트윗함

In order for crypto to run, there needed to be a store of value asset that people could believe in. That was Bitcoin.
In order for privacy to run, there needs to be an encrypted store of value asset that people can believe in. That is Zcash.
This time around, we have incredible primitives that we didn't have in 2008. And Zcash winning would lead to a golden age of encrypted capital markets.
Private payments, private lending, private perps, private P2P markets, sealed-bid auctions, and so much more.
These are trillion dollar markets, and no that is not an exaggeration.
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