0xInvariant

Introducing: hl.eco A real-time analytics dashboard for tracking the performance and dominance of Hyperliquid. hl.eco brings the full picture of Hyperliquid into one dashboard. $HYPE economics, HIP-3, HIP-4, builder activity, and more. • $HYPE economics in real time: price, fees, revenue, supply burned, AF buybacks, TWAPs, the unstaking queue, validator economics • Hyperliquid market share against every major perp DEX, L1, and CEX | by volume and open interest • Full coverage of HIP-1, HIP-3, and HIP-4 | live deploy auctions, deployer rankings, pre-IPO perps, @tradexyz vs TradFi volumes, weekend RWA mission control, and outcome markets • Wall Street on Hyperliquid | HYPE spot ETFs (BHYP, THYP), the full ETF filing pipeline, every digital-asset-treasury company tracked against BTC/ETH/SOL incumbents, and HL revenue/FDV/P/E vs HOOD, NDAQ, CME, ICE, IBKR • Builder code revenue and HyperEVM activity, tracked in detail • Live capital migration into Hyperliquid from every chain • Stablecoin growth on Hyperliquid, across both HyperCore and HyperEVM • Yield on Hyperliquid | APRs, TVLs, and strategies for every lending market, LST, LP, and vault, HLP included • ~200 ecosystem projects indexed and searchable through a unified command palette. Native localization in English, Chinese, Japanese, Korean, Russian, Spanish, French, Vietnamese, Indonesian, Malay, and Hindi hl.eco is a public good for the Hyperliquid community. Built to make the underlying of Hyperliquid easy to understand, and its growth simple to share. Hyperliquid.

A pattern keeps emerging every time a #Binance-linked wallet is exposed. solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u capitulates a day after, often followed by either a manufactured rally or sustained price suppression, creating conditions for the Top 10 wallets - 6 of which are linked to #Binance - to continue accumulating supply.

🚨JUST IN: My latest on-chain investigation reveals #Binance-linked wallets currently control approximately 7.38B solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u (Bitcoin) - equal to 7.38% of the entire 100B supply. This network includes: • Market Makers • Intermediary Financial Bridge wallets • Whale Wallet clusters • Binance Ordinal-linked hot wallets Combined tracked value: • 7,377,102,439 solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u • ~$6.58M USD The structure reveals a deeply interconnected liquidity and distribution network operating across multiple wallet layers. Nothing about this appears random. Attached is the visual wallet mapping discovered thus-far through blockchain wallet tracing 📊 ------------------------------------- Binance Ordinal Hot Wallet: bc1qhuv3dhpnm0wktasd3v0kt6e4aqfqsd0uhfdu7d Intermediary Wallet #1 (Financial Bridge): bc1pt02fw3aty825yaujdnmzml0qny28l9ecc77df2vgc26qfcket3hqc634ar Intermediary Wallet #2 (Financial Bridge): bc1p52673nrtsed5n5nal7cm02u6pg63p0e6u4nm2fhm90xd8r4w3ass090zzy Intermediary Wallet #3 (Financial Bridge): bc1pu03udw507wj58y5lv3dky03lxuj0m74uqdnqllckv3s32sw9ahrscjch8j Market Maker 1: bc1peczzt9rq30pdaj3v9ne86u6v83mfq29rxxgnqxl96uknddzekm9qfreae9 Market Maker 2: bc1p8d8kexdxatnfejdvd9dq7uky4m9wjxl59r3dnqg7nqq9gaxz2jxq6ntach Whale Wallet #25: bc1prdyzwdg0rcdgf9cg0a4zyx0cq3mdr3n6mcym95f3eg4dexfvnsjq200ly4 Whale Wallet #43: bc1pjqjceqjjchz59ltxgq7wgd2pvq4ck8v3jheqedy5sktfvras45mqsw0xuu Whale Wallet #7: bc1pap56p2rgmqgk4rc0vxpkldszhgldx49cfs3zer8e2k7q9q6x079scfa8nx Whale Wallet #6: bc1p38d6mfutw5h6gx46c7334uxtsf5ey5l7xqfeg36gyc4q83plmwwqsf9wxd Whale Wallet #11: bc1p4pkr90vrqspmfddplde05v55gelkvcjwhsu93c9m5zu9gwwvgz0qap0vkn Whale Wallet #50: bc1pnmz8rkcwlh8p78a79pxhv6sah6tpe8r05wsy9sjlta9szus068tqeza6sd Whale Wallet #16: bc1pu3zynwpv74sgzc5ytz7fwja4uazexpe3hmqkhsvxtunpqclajmsq6s7dlt Whale Wallet #15: bc1p4l2032rznpeueanm40vggvxscv2jfpvyczqhth89xue36sdcrutsuuxy5k Whale Wallet #103: bc1pcjw6ckshezdk8drlex53xd7pryawesjat225d5erjft3f064rzxq52umgs

Nothing is a coincidence. solana:dog1viwbb2vWDpER5FrJ4YFG6gq6XuyFohUe9TXN65u.

The line between public and private markets is blurring. More than 18k wallets on @solana now hold tokenized exposure to private companies. These assets, issued by @PreStocks, provide onchain economic exposure to companies like @SpaceX, @OpenAI, @AnthropicAI, and more.

Hyperliquid

@chameleon_jeff @HyperliquidPC Thanks Jeff

I spent the past few days in Washington with @hyperliquidpc meeting with policymakers during the historic advancement of the Clarity Act. We discussed Hyperliquid, the benefits that it offers to American consumers, and the regulatory path to bring onchain derivatives markets into the United States. Some conversations were technical with an impressive baseline understanding of Hyperliquid. Discussions included how onchain trading is a financial innovation that has clear global user demand. Other conversations focused more on a first principles introduction to defi and the promise of onchain markets. It was encouraging to see bipartisan support for thoughtful regulation of crypto. I look forward to continuing discussions in DC and working hard to make American access to Hyperliquid a reality.

hyperliquid:native is super undervalued.

把关于Binance Alpha妖币的研究跟英语系的一些trader甚至Liquid fund讨论了一下 大家对于这些“crime token”的交易都有极大的兴趣，甚至都开始动手自己找相关的主动做市商 所以说如果想要了解西方都在冲什么，绝对不能看那些VC、叙事、甚至像 zachxbt这种跟交易不相关的大V发言 分享一些我平时订阅蒸馏的英文交易员账号，拉平一下中外信息差: 1/ tradinghoe @tradinghoex 侯老师，我看到的第一个英语系系统性总结妖币交易策略的。投研力很强的女交易员 2/ A‘s Alpha A @missoralways 非常言简意赅，之前喊得 $SCRIBBLI 3/@CryptoTomYT 我看到应该是 $Asteroid 早期推手之一，二级上 ZEC/XMR/HYPE/TAO以及中国肽 4/ @unnattybrah 应该算是个 $MOG 的OG，然后后续的 $MAXXING $UNC 5/ @Jimbotrading 几乎全转发，$EITHER $OVPP $WOJAK 尤其是aster perp 6/ @changefomo 早期 $BIO $VVV solana:HyLXondhNhGkvWPXr8z4EPSgZNRRs4j8BHdyqMdVpump 7/ @sized_in 应该是主营Base生态的，$Trace $Lienfi 等等 8/ @onchainsorcerer 喊单不密集，但是有很多复盘 其实西方这些KOL车头，除了 @tradinghoex 或者 @onchainsorcerer 这种会发方法论或者心法的，其实绝大多数的喊单是很难跟进逻辑的 但是如果你把这个单子每一个都去蒸馏，尤其是把社交图谱一起分析，你就会发现他们本身的圈子传播链，哪些哪些是一起的，哪些哪些是有矛盾的甚至互相攻击的 从这个角度去分析逆向工程他们的传播链路，比从叙事层面等等去理解要容易得多

Join Ainvest ETF paper trading competition now to win amazing prizes! @AInvestOfficial ftn.ai/06010863888378…

@MuyaoShen exactly

Both Polymarket and Kalshi are launching perps? And Hyperliquid is launching prediction markets. So these three are now officially competitors? 🧐

So Cool! 🎉 Finally I graduated from @rektoff_xyz cohort 3, as a common guy with no CS background, this is a huge milestone for me. Special thanks to @danielkcumming and @m4rio_eth for their patience and dedication as instructors !

E159: @Hyperliquidx: Housing all of Finance @chameleon_jeff came back on the When Shift Happens Podcast to talk about the Hyperliquid journey since the TGE and what the future holds for one of the most loved and prolific protocols in the space Hyperliquid Timestamps 0:00 Intro 2:01 Singapore 2:27 Reminiscing on the Token Launch 5:00 Was This Scale Of Wealth Expected? 6:28 Doing The Right Thing In Crypto 9:07 The Responsibility that comes with Billions of $ 11:10 @JupiterExchange @KASTxyz 11:51 Bringing Hyperliquid to the masses 15:21 Pre TGE and Post TGE: Operational difference 20:13 Choices on what to build Internally vs Externally 22:05 How to build a reliable team 24:51 Did the Team celebrate the HYPE wealth Generation event? 26:45 How to test talents for High Integrity 28:31 How much does the Hyperliquid team sleep? 30:05 Employee Vesting Fears 31:41 Dealing with FUD 32:28 How Does Jeff Personally Handle FUD 35:02 Token "Buybacks" critics 37:20 Why Hyperliquid can't have Discretionary "Buybacks" 39:04 HyperEVM, explained Simply 40:00 @paradex @zodl_app 40:41 HyperEVM: Success so Far? 44:05 HIP-3, explained Simply 47:44 What makes Hyperliquid's approach different 48:19 Why Should People Care? 51:33 Bring All Finance On Chain 52:08 Why Is The Hyperliquid Approach Better? 53:47 Key Numbers showing that Hyperliquid Is Doing it right 59:01 What Has the @unitxyz team demonstrated with spot trading on Hyperliquid in 2025 1:03:29 HIP-4: Outcome Markets 1:08:01 @Trezor @bitwise @SuiNetwork 1:08:58 What does "Housing All Of Finance" mean? 1:10:51 Why Hyperliquid is not a crypto company 1:12:23 Why Does Hyperliquid have A Stablecoin USDH (@nativemarkets) 1:14:39 What Is @Kinetiq_xyz & Why Does It Matter? 1:16:15 Why Is What @Hyperlendx Is Building Important For HyperLiquid 1:23:39 Where did Fairness cost the most? 1:24:47 What should Hyperliquid be Remembered for? 1:25:24 Why should people stay in Crypto when there's an AI brain drain? 1:28:10 Closing Thoughts

I am finally open sourcing the heatmap/orderbook gui app cause I have to send my resume to someone and I was adding it there,link is in the replies for the github repo,a few issues are still persistent that I have mentioned in the readme,hope yall like it

Prediction markets just posted their first down month since August. Still did $23.4B in Feb. • @Kalshi: $9.8B (↑ from $8.9B), now clearly leading • @Polymarket: $7.6B (flat/down MoM) • @opinionlabsxyz: $3.1B (sharp cooldown from $8.1B)

Prediction Market Monthly Recap: Notional Volume: @Kalshi - 9.9B @Polymarket - 7.9B @opinionlabsxyz - 3.1B @predictdotfun - 784M Others - 497M @Overtime_io - 18M Transactions: @Polymarket - 80.7M @Kalshi - 70.8M Others - 2.1M @opinionlabsxyz - 1.3M @predictdotfun - 747K @Overtime_io - 63K Users: @Polymarket - 671K @opinionlabsxyz - 81K Others - 65K @predictdotfun - 24K @Overtime_io - 1K Open Interest: @Polymarket - 410M @Kalshi - 492M @opinionlabsxyz - 96.2M @predictdotfun - 18.9M Others - 5.6M

We’ve identified industrial-scale distillation attacks on our models by DeepSeek, Moonshot AI, and MiniMax. These labs created over 24,000 fraudulent accounts and generated over 16 million exchanges with Claude, extracting its capabilities to train and improve their own models.

For prop AMM, the ability to update cheaply and frequently enables market makers to quote extremely tight spreads on-chain with less fear of being picked off by toxic flow. So this explains much about why @humidifi 's dominance in Solana DEX volume is increasing month by month, and now becomes the leading prop AMM.

Joining the Prop AMM Challenge? 🧪 Prop AMMs are a new beast compared to traditional DeFi pools, and many builders are confused about it. Here is a prop AMM starter pack 🧵👇: 1⃣ Decoding @humidifi (Architecture breakdown). docs.solanamevbot.com/home/solanamev… 2⃣ Understanding Proprietary AMMs solana.com/news/understan… 3⃣Solana’s Proprietary AMM Revolution helius.dev/blog/solanas-p… @toly @bqbrady

@Mikkke_crypto 已冲！ 希望能优秀毕业！

快冲！只要你愿意，我们会帮每个同学毕业～