@reisnertobias I am not convinced you can separate the success of Hyperliquid from the airdrop.
The successful airdrop created a lot of loyal users and sticky liquidity.
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Faead
827 posts
Jeff could have just not done the airdrop and become the richest person in crypto.
Instead he and the team created the richest community in crypto.
Rich not just in terms of dollars but in believe, talent and support for each other.
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@skewga_hyper I feel this way about the comparisons between HYPE and other L1’s
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So you want to target all traders, but don’t list crypto.
Meanwhile Hyperliquid mission has been to be “The Blockchain to house all of Finance”
They stated with crypto because that’s the obvious PMF, but it is obvious they are aiming to take all the things you listed that make you different from HL.
🤔
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Great question. I get asked this a lot so will answer fully.
tl;dr we're trying to make the next CME, not the next Hyperliquid.
Why do I put it like that? Well, the job of an exchange is to accumulate everyone that wants to trade in one place in space. Not just defi natives, not just cex traders, not just Robinhood users, not just institutions.
Everyone. And this is far more true in tradfi than it is in crypto. You don't even have to leave X to find massive communities of traders who have never heard of Hyperliquid. And then there are the banks, pension funds, and so on...
To give an idea of scale, the crypto universe does around $100bn volume on a big day (this includes a lot of fake volume). CME's S&P e-mini future does $500bn every single day, none of it fake. That's one product.
What does the CME of the future look like?
1/ It's liquid. Very liquid.
We've put a ~ton~ of effort into attracting the best liquidity providers, and are improving every day. Outside market hours, we are now usually more liquid than all HIP-3 dexes on most products (weeks from launch), and are actively improving during the open. Retail and institutions that want to trade big sizes will come to us for that reason alone - it's just cheaper for them to do so.
Due to various factors, Hyperliquid has struggled to attract the 'tier 1' HFTs that would really unlock liquidity. We know this because as a team, we've worked at most of those firms.
Ultimately, the most liquid exchange wins.
2/ Does it offer more margin than the current CME?
Definitely - and crypto has shown how this is possible by disintermediating brokers, but...
3/Does it carry out liquidations using Bitmex's first design from 2017?
Probably not, so we reinvented our margin stack to be cascade-proof. DM me if you're interested in the details.
4/Does it margin in fiat or crypto?
With the Genius act, stablecoins are just fiat on better payment rails. So we margin in USDC.
5/How secure are client funds? Would institutions hold $1bn+ in client funds comfortably on a defi wallet for 5+ years?
That's why we have US regulated custody, courtesy @BitGo.
6/How important is performance vs decentralization?
When it comes to price discovery, matching engine latency is key. Ours has institutional-grade throughput.
We're not a crypto company.
We've taken crypto's 'greatest hits', but we are building something different. Hopefully bigger.
We don't list crypto, but crypto traders are welcome, like everyone.
Btw, I've met some of the @tradexyz team in NYC and thought they were equal parts smart, humble and tenacious. I have deep respect for them. They are building something great, but different to us.
tublai@meurfault
@annanay what is the difference between what you're trying to build at Qfex and Hyperliquid
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@Hustlepedia Likely won’t be too big because Growth Mode is still activated.
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this is the question i asked before but nobody answered
eventually i believe every government will crackdown on platforms with no KYC
how do they get around it?
Sokio@Sokio8D
so how long will hyperliquid be no kyc
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@trevor_flipper Isn’t the win that S&P were willing to license? It gives massive amount of legitimacy.
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a licensing data feed agreement isn't the biggest thing ever (good fast oracles are needed tho) but honestly crazy how much motion shoku has to get this done first
trade.xyz@tradexyz
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid. For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes. The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale. SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain. Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.
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@ThinkingUSD Also @unitxyz for listing native spot on HyperCore making it seamless.
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@ThinkingUSD Props to Flood for posting a tweet early last year that convinced me to sell my ETH and SOL for HYPE
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@Jadam2122 @Citrini7 @GunjanJS You don’t think S&P had their lawyers review this before announcing it?
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This is kind of a big deal. SPX officially trading 24/7 on hyperliquid. Markets are evolving.
trade.xyz@tradexyz
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid. For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes. The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale. SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain. Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.
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On one hand this seems like confirmation of no token
On the other hand doing a token after this would be the most insane ballsy push of the envelope we’ve ever seen
trade.xyz@tradexyz
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid. For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes. The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale. SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain. Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.
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SECOND TO WHO
SAY IT
Eric Trump@EricTrump
USD1 @worldlibertyfi perpetual pairs are now live on @Aster_DEX For context: Aster is the second-largest perp DEX globally with $1.3B+ in daily volume and $1.5B TVL. Backed by YZi Labs. This isn’t just another listing. This is USD1 tapping into one of the deepest liquidity pools in DeFi. Massive for growth.
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we boutta print millions and farm the next hl
ev fiend@evfiend
starting an options gc hit me if you want in few people have asked me and i’m pretty much solely trading options rn
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