hyperliquid L1 fan

In simple terms, what’s going on? USDC is becoming the primary currency. On Hyperliquid, USDC is now becoming the official “aligned quote asset” (base collateral and pricing unit). It will be used as the primary collateral across all major markets (including, in particular, future HIP-4 prediction markets). USDH is being phased out. USDH, Hyperliquid’s own stablecoin, will be gradually phased out. Users have the option to convert USDH to USDC free of charge. The markets will continue to operate for some time; there will be no sudden shutdown. Revenue sharing is being introduced. Approximately 90% of the yield generated from USDC reserves, after costs are deducted, will be transferred directly to the Hyperliquid protocol. With the current USDC balance of approximately $5 billion, this translates to around $137–160 million in additional annual revenue for the protocol. This revenue will be used for HYPE token purchases and ecosystem support. Coinbase and Circle are playing an active role.

USDC is becoming a core part of @HyperliquidX’s evolving market structure. USDC will become an Aligned Quote Asset on Hyperliquid and continue as the primary collateral asset across HIP-1, HIP-2, HIP-3, and now HIP-4 markets. As Hyperliquid expands into new onchain markets, USDC enables: → Deep liquidity across trading pairs → Greater capital efficiency ecosystem-wide → Seamless crosschain access to digital dollars Circle is also making a significant financial investment in the ecosystem through HYPE staking. Hyperliquid. circle.com/blog/circle-ex…

Today we’re expanding our support for @HyperliquidX by becoming the platform’s official treasury deployer of USDC. Onchain markets operate 24/7 and require collateral that is always available, instantly transferable, and deeply liquid - USDC delivers exactly that. Alongside this, we’ve also significantly increased our position of staked HYPE.

@brian_armstrong @mogie__ @HyperliquidX Hyperliquid

USDC is becoming the standard across crypto markets. Coinbase is deploying USDC on @HyperliquidX to help grow the ecosystem and scale how capital moves. Hyperliquid.

HYPE is up 4% on a 25% revenue increase.

@HyperliquidX Hyperliquid

Coinbase has announced its plan to activate AQAv2 on USDC as the treasury deployer, with Circle serving as the technical deployer responsible for CCTP and native cross-chain infrastructure. Both Coinbase and Circle have committed to stake HYPE to activate AQAv2. As part of this transition, Native Markets has agreed to terms granting Coinbase the right to purchase the USDH brand assets. With Coinbase, in its role as treasury deployer, sharing the vast majority of reserve yield revenue with the protocol, USDC will become the most aligned stablecoin on Hyperliquid. As a result, canonical outcome (HIP-4) markets will use USDC as the quote asset in a future network upgrade. User and builder feedback has been consistent that fragmentation leads to degraded experience; now, the community no longer needs to choose between liquidity and protocol alignment. The pioneering work of Native Markets in launching USDH as the first production-scale stablecoin sharing yield directly with a protocol in a purely onchain implementation made AQAv2 possible. The learnings and mechanics pioneered by USDH will live on in AQAv2. The Hyper Foundation will give grants to eligible HIP-3 deployers, HIP-1 deployers, and builders who integrated USDH, supporting teams through migration over the next months. These grants reflect an ongoing commitment to teams who choose to build on Hyperliquid and align with the protocol. USDH markets are fully functional but will sunset over time. USDH remains fully backed, with feeless conversions to USDC and fiat available to users during this transition.

Reminder

"HyperLend exits Q1 2026 as the leading lending venue in the Hyperliquid ecosystem" Hyperliquid's Credit Layer continues to establish itself as a core piece of the house of all finance. Read the full report from @Blockworks below.

11 employees¹ $900+ million in profit¹ $35B valuation² That’s @HyperliquidX. Now in ETF form on @NasdaqExchange for the first time. Introducing the 21shares Hyperliquid ETF: - physically-backed by $HYPE - staking enabled - 0.30% management fee - pricing backed by @FTSERussell 👀Spot the hype. 🛒Own the HYPE. ⛏️Stake the HYPE. Available through your bank or broker.

The 21shares Hyperliquid ETF ( $THYP ) is coming May 12, 2026. See you tomorrow. The Fund is not a fund registered under the Investment Company Act of 1940, as amended (“1940 Act”), and is not subject to regulation under the 1940, unlike most ETFs or mutual funds. An Investment in THYP is subject to significant risk and heightened volatility and is not suitable for an investor who cannot afford the loss of the entire investment. An investment in THYP is not a direct investment in HYPE.

Un x10 sépare actuellement $KNTQ et $HPL La question est : Après cette relance qui continue sur $KTNQ, est ce que $HPL avec ses 4m de marketcap et ses 400m de TVL suivra aussi sachant que c'est le 2e plus gros protocole en TVL sur #Hyperliquid.

Congratulations to Phantom on reaching $20M in builder code revenue on Hyperliquid in under a year. Users can trade 200+ markets in the Phantom app, including crypto, indices, commodities, and more. To date, 100+ teams have integrated via builder codes, earning a share of fees on every trade their users make.

BREAKING: @OndoFinance ANNOUNCES THAT ONDO TOKENIZED STOCKS CAN NOW BE BRIDGED TO @HyperliquidX’S HYPEREVM VIA @LayerZero_core

@adiix_official I tried it, don’t try in vain, it gives a terrible image in detail. That’s why there are products specific to this industry with dual cameras that already include lidar.

SOMEONE JUST KILLED THE REAL ESTATE INDUSTRY A guy scanned an entire house with his phone. Uploaded it. Now anyone on Earth can walk through it in a browser tab. No app. No VR. No agent. No appointment. Click → you’re inside. Every room. Every angle. Every shadow. Photoreal. The numbers are insane: - Agent fee on a $500k home: $15,000 - Cost to make this scan: ~$200 - Time to “tour” 50 houses: one evening - File size: smaller than a TikTok The science is wild too: It’s called 3D Gaussian Splatting instead of polygons (how games render), it uses millions of tiny glowing “splats” of color and depth. AI reconstructs reality from your photos. The result loads on a phone and looks like you’re THERE. The grift opportunity is even wilder: Freelancers are already charging $300–$800 per scan for realtors, Airbnbs, venues, car dealers, museums. One person + one phone + one weekend = a business. Open source. Built on PlayCanvas. Free GitHub: github.com/playcanvas

Yes or No? $HPL

One of HyperLend's top users is saving over 100k per year by staking HPL , effectively dropping his borrow rate from 7.2% to ~6.7% APY. Nothing else in DeFi comes close. gLend.

✨✨✨ $KNTQ purr-2:native $HPL ✨✨✨