Michael Silberling
690 posts

Michael Silberling
@MSilb7
Data @nativemarkets | prev @Optimism 🔴 | Go Gators 🐊 | Tweets are my own, but I’m trying to quit
NY / FL Katılım Mayıs 2009
2.2K Takip Edilen6.7K Takipçiler

@CoinbaseMarkets Ok but if you really want to impress me you'll support USDH next
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Ran out of tokens I want to spend on this 😂
Code is here if you want to BYOK: github.com/leerob/march-a…
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@Keisan_Crypto @fiege_max Ooh cool is there open code/queries to re-derive?
Is someone labeled as hip3 if they touched any hip3 market? I wonder how “hip3 only” traders behave
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HIP-3 is proving to be quite sticky. HIP-3 perps market retention rate is >60% even 3 months post-onboarding. This is extremely high for a trading application and even high for consumer fintech apps in general
As you can see in the chart, there is a drastic difference between the 3-month cohort retention for HIP-3 markets (~64%) and crypto perps (~27%)
There are likely a lot of reasons for this. Some that come to mind:
- Traditional assets more pleasant to trade than crypto which suffers from extreme volatility, market manipulation, and scam tokens
- Perps are a far better way to express leverage than short-term options for most traders, yet they are a novel instrument not currently offered elsewhere (with real adoption) on equities, commodities, etc.
- Macro and flows are always in flux. One day you want to trade silver, the next day you might want to trade oil. HIP-3 allows traders to access all markets on one unified platform
- Hyperliquid trading UI is far superior to that of legacy platforms. Not even just for perps, but as a trading terminal in general. This is a new experience for non-crypto natives who are onboarded via HIP-3
User stickiness is one of the most important metrics for any business, and even more so when dealing with a platform that experiences such massive network effects. I expect to see continued onboarding (and retention) of users to Hyperliquid via HIP-3 markets, resulting in deeper liquidity, more tradable markets, and continued UX improvement via features like BLP and portfolio margin
The house of all finance
cc @0xren_cf @ryohhno for this great data
Hyperliquid

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Michael Silberling retweetledi

Today we shared difficult news with the OP Labs team.
Our priority was to communicate with the impacted people & give the team time to process the news before sharing publicly. This decision reflects a narrowing of our focus, not our runway.
I’m sharing the note I sent to the team earlier today, and I strongly encourage teams across the ecosystem to reach out to the people leaving OP Labs because they are talented engineers, operators, and builders who helped build Optimism into what it is today.
If you are genuinely hiring, feel free to shoot me a DM with your open roles and I will make introductions (with dual consent).

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@rajivpoc Ooooooh I am new to hyperliquid data and this is super helpful!
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I put together a dashboard to understand user and market level contributions to HyperCore trading fees!
fees.6is.dev
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Today is my last day at OP. 3.5 years. 62 hires across engineering, product, GTM, and everything in between. Some of the best people I've ever worked with. Grateful for every bit of it.
Now I'm looking for my next thing. Ideally first recruiter at an early stage startup in crypto or AI, working directly with founders. If that's you, let's talk.
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@pifafu @edwardshturman I like big numbers charts where you can show the trend below (like +/- %). Hex has this.
And also where you can slow a transparent lily sparkline in the background. Grafana has this.
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fun fact.. big num chart was the top feature request for dashboard view! congrats @edwardshturman on the ship!
Notion@NotionHQ
Sometimes the answer is just one number. Say hello to Number Charts! Pick your colors, set your thresholds, and let the score tell the story: yellow from 10 → 30, green above, red below 🚦 Your dashboards just got a new best friend.
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