Defi Degen | 🍳

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.

If you bought $hype yesterday at $55 and sold today you would have outperformed 6 years of holding Ethereum

Think ETF flows for $HYPE are going to massively surprise to the upside. Have had multiple friends in Tradfi call me and tell me they think owning HYPE here is more asymmetric than owning Semiconductor stocks for now. The REAL rally is just beginning.

" $lit is doing 20% of the crypto volume, 10% of RWA volume, 4% of the fees, and 2x buybacks while sitting at just 2% of the mcap"

@TNTCapitalC Gets easier to filter trash accounts when they post retarded stuff trying to hate farm

Quick update on HYPE: We were initially positioned to reload sub-$17 to get ready for next cycle. But the framework has now materially changed. From a game theory perspective, the magnitude of the upside deviation should ultimately be mirrored by the magnitude of the downside reversion. In other words, the more reflexive and overextended the move becomes on the way up, the higher the probability of a violent overshoot to the downside. Our base case now is that HYPE cannot just revisit the $17-20 range anymore at this stage sadly, it will ultimately overextend well below $10 before establishing a true long-term cycle low. More importantly, the entire structure has now shifted. The $17-20 region is no longer looking like the optimal reload zone for the next expansion phase. Instead, there’s an increasing probability that this range ultimately becomes the distribution ceiling of the next cycle itself. We’ve seen this exact reflexive pattern play out before, EOS during the post-2018 unwind, LINK after its macro euphoric expansion. What once looked like “value accumulation” eventually became lower-high exit liquidity in the following cycle. Very interesting. So essentially, remove your HYPE orders around $17. That level is too obvious now after the expansion, which means you will get front-run by the market before any meaningful reversal materializes. We will keep you posted once HYPE forms a new bottom sub $10 (probably around $7-8) We will find the bottom together, and there should be a nice long to do, until the relief back to $17-20. Not guaranted that HYPE bounces back to $20, but highly highly likely This sould be an easy 2-2.5x at least And with leverage, we could probably pull a 10x Please be patient, we will revert in a few months For now, short only

@alex_hunter20 He is going to get hurt

Loracle is shorting the entire market He added 10 millions to his $BTC short and now has a $18M worth of $BTC short He’s still short 1.8M $HYPE btw

I was navigating through Hyperview to check the $HYPE short liquidation levels at risk and noticed a cluster of 10 wallets with the exact same position size ($1.1M). $HYPE was bought 1 month and 20 days ago on every wallet and hedged immediately after. It’s someone using PM (probably farming it for S3 🤣). He borrowed against his $1M worth of $HYPE spot and shorted roughly the same amount of $HYPE. He could also be doing this just to farm funding, but it’s funny because I did the exact same thing for the first 2-3 months after PM went live to farm it, and back then I had like 30-40% of the total supplied on $HYPE and $BTC spread across multiple wallets lmao

How do you ship new products fast while being a fully verifiable ZK rollup? @vnovakovski and @VitalikButerin discuss building the Lighter EVM and adding option markets to Lighter - from our Fireside this week

The dip coming a bit sooner than expected. I nibbled a bit here at $55.5, but would ideally like the opportunity to add big in the low 50's for $HYPE. IF we get it. Which idk if we will or not Of course, price wont move up in a straight line but the fundamentals have never been better and price discovery likely continues over the next few weeks. It just depends on your time frame. Some people think about where hype might be in 3-5 years, and some people think about 3-5 days. I think about both. if price is down even 1%, i wonder if my idea is invalidated, how could i be so stupid. if its up, I know im a fucking genius. Today I have been both, stupid, and a genius. I also began a small position in $LIT. Down 20% on the day, would expect a decent recovery there. Not that these two are remotely the same thing.

Hyperliquid just had its breakout moment “‘I wouldn’t understate how important Hyperliquid is for crypto right now" “Hyperliquid pricing the SpaceX IPO is almost as large as what Polymarket did for the 2024 elections" @santiagoroel @JasonYanowitz

What is the underlying of a Hyperliquid?

Hyperliquid

@dankrad Or just let it go. Buy BTC and Hype and move on

The way to save Ethereum: The community needs to create an organization that's economically aligned with Ethereum and accountable to it. The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it. If we want to get Ethereum back to winning: - create an organisation with credible funding, minimum $1b as a start. That's very reasonable for an ecosystem with $250b market cap - find a leader who is competent and wants to fight - make it accountable: a board of people who want ETH to go up, and a charter that holds the org accountable to it - fund it permanently: A significant amount of staking revenue needs to go to it. A governance mechanism that can adjust it (also part of accountability). Very hard to imagine now, but I think this is the only way (and it will probably happen, but it might take a long time before it is consensus).

A breakdown of how our engineers reduced the costs of proving transactions so much that Lighter is the lowest cost product in the market while also being verifiable, from our Fireside with @VitalikButerin

$HYPE just broke out - here's what's actually driving it 📌 Hyperliquid Strategies trading at a premium — ATM window is open 📌 a16z-linked wallet now a top-6 holder, $100M + accumulated and staked 📌 $25.5M into the HYPE ETFs in a single day The Saylor playbook, running on Hyperliquid. Breakdown 👇

@diapsalmata_0x Buy both and make money. Few

“why would you buy $lit over $hype?” you use both products. both are great. then you look at valuations and realize how much room $lit has relative to $hype. that’s it. you don’t buy $lit because it’s “better” than $hype. you buy it because it’s a good product as well.

Been diving into Lighter (ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 ). If Ethereum wants to keep perpetuals volume on-chain, this is the killer app it needs. Here is the thesis on why it works, current metrics, and how it co-exists with Hyperliquid and isn't just a "beta" play: The Metrics -Volume: ~$112M daily -Valuation: ~$345M market cap -Position: Top 5 DeFi trading volume globally The Architecture We need infrastructure that proves Ethereum can handle high-frequency trading. Lighter is an app-specific zk-rollup built for central limit order book (CLOB) trading. -Execution: Off-chain matching with millisecond latency. -Settlement: Trustless settlement on Ethereum via zk-SNARKs and blob data. -Custody: If the sequencer fails, users can reconstruct their accounts and force an exit directly on L1. Co-existing with Hyperliquid The derivatives market is large enough for multiple architectures. -Hyperliquid (Sovereign L1): Optimizes for raw speed and independent consensus. Requires trusting a standalone validator set. -Lighter (Ethereum L2): Optimizes for Ethereum alignment. Sacrifices sovereign control to inherit Ethereum's security budget. Hyperliquid proved the demand for fast, on-chain order books. Lighter takes that product-market fit and anchors it to Ethereum. Both models will capture significant volume as traders diversify their counterparty risk profiles.

@corgil Sidelined?

At this point lighter is basically copying either Hyperliquid or Variational Still getting a** kicked by both Imposter DEX