Chasing Grails

This is more or less because airdrop farming meta died months ago and now what's left are just organic users. Earlier hyperliquid protocols like hyperswap had the same mercenary capital. Haven't really been on top of crypto but I imagine protocols from other chains right now are the same

One thing I love about the Hyperliquid ecosystem is how organic the usage is across the board. Take @hyperlendx (one of the top lending protocols) as an example — its HPL token TGE happened 5 days ago. The post-TGE valuation… let’s just say it doesn’t look inflated at all 😅. Yet the capital didn’t go anywhere — literally zero outflows. Everything stayed exactly where it was, which says a lot about real organic usage rather than “mercenary capital” that only shows up to farm incentives.

@HYPEconomist Don't forget about kittenswap

if you're bullish on hyperEVM, there's nothing better than seeing all these tokens trade at these low prices right now if you want to make outsized gains, you have to bid on tokens where other people are afraid to bid i think some hyperEVM tokens will turn out to be true gems

@VietnamPenguin $5/day on cafe sua da? Must be a lot of coffee dates

My monthly cost of living in Da Lat 🇻🇳 🏡 $450 — 3-bedroom house rent 🥩 $400 — food (groceries + eating out) ☕️ $150 — coffee (basically mandatory in Da Lat) ⚡️ $30 — electricity (never even use AC) 🛜 $100 — misc stuff (gas, internet, etc.) 🌿 $0 — Da Lat vibe (priceless) Total: ~$1130/month.

@PSAcard Didn't see this in my dec issue mail. Was it for everyone?

𝙅𝙐𝙎𝙏 𝙂𝙍𝘼𝘿𝙀𝘿 💎 Yesterday’s mail is today’s reveal for one Collectors Club member—the first to grade this exclusive Naruto promo. Distributed with the December issue of 𝙋𝙎𝘼 𝙈𝙖𝙜𝙖𝙯𝙞𝙣𝙚, the artwork televises Gamakichi, one of Naruto's summons, and shines with textured foil throughout. Not a member? Join Collectors Club at the link in our bio and get your name on the mailing list.

@zacxbt @tread_fi @tradexyz @pacifica_fi @paradex access code please

made a @tread_fi tutorial video farm multiple perp dex points in one place w/ their market maker bot $100 → $227k volume (@tradexyz) $100 → $285k volume (@pacifica_fi) $100 → $5m volume (@paradex) active traders comment for access code

@dcfgod @aibra easier to do when eth is $1000

@a16zcrypto @_annasemenova_ @SoyMikeJones must be bear szn already if a16z is trying that affiliate earnings

@_annasemenova_ Health, fitness, and recovery

Our favorite gear and gadget picks for holiday 2025 ⤵️

@lookonchain @machibigbrother farming that hl airdrop szn 2

Machi Big Brother(@machibigbrother) got liquidated again. Since the Oct 11 market crash, he has already been liquidated 145 times. app.hyperliquid.xyz/tradeHistory/0…

@EcosystemMonad 21

Pick your lucky number from 1–50! 🎯 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 🌟2 numbers hide a special surprise! Winners will be chosen randomly in 24 hours ⏰

@Stupifff swear by logitech mx master 4

Using a Logitech Pro Superlight atm Scroll wheel starting to be buggy Mouse Knowers - is there any mouse better than this for regular everyday use?

@0xBellinili Kitten so underrated.

Where do you earn the most fees on the HyperEVM? I opened a position in the same range (39.9-49.5) and same size ($500). The results for day 1 are in: #1 Kittenswap $ 2.28 #2 HyperSwap $ 0.76 #3 Project X $ 0.76 #4 Ramses $ 0.67 #5 Hybra Finance $ 0.66 #6 Gliquid $ 0.65 Weekends are mostly slow, Let's see how it goes tomorrow!

@GotrillaGorilla I'm not a buyer but I'm impressed by the hard work. Don't think I've missed a day without seeing a $jail shill on my timeline and it's all because of you.

Idk why so many ppl sold horny $jail for a loss yesterday. Like i said it’s easy to find a good narrative but being able to sit on hands is another skill. Now they will stay sidelined or buy back higher now.

@palis 7.6% of bonk fees are also used to buy and eventually burn $GP

Correction: ">PumpFun/PumpSwap more extractive via platform/team revenue by almost +50% (21.9% total revenue vs 30.5% from BonkFun + Raydium in the simulated example)" The percents here are the revenue distributed to buybacks + creators, not revenue to the platforms. The conclusion is still correct that PF/PS is more extractive in terms of team revenue The right percents are PF/PS team take 28.1% of fees in revenue, and BF/RAY teams take 16.7% of fees in revenue in the simulated example

Full BonkFun/Raydium vs. PumpFun/PumpSwap Fee and Tokenomics Deep Dive (Very long, wrote for nerds who care & for people to search and reference. For everyone else, skip down to "Conclusions" section for a tldr) Intro: I wanted to understand the full picture of differences between PumpFun and BonkFun fees, platform revenue, creator revenue and buybacks so I did some research and onchain experimentation. It's important to note that PumpFun + PumpSwap is not competing with just BonkFun, but with BonkFun + Raydium Dex + Raydium LaunchLabs (onchain backend for BonkFun). Both projects and tokens ( $BONK & $RAY) need to be included in the comparison with PumpFun/PumpSwap and $PUMP. Also important to note I could not find any official announcement from PumpFun about token buybacks. While they have obviously begun token buybacks already, the exact percent being determined by fees is currently an assumption based on a BlockWorks article and "sources". All sources for my research included in tweets below (#* = source). Lots of math in the simulation here. I possibly got things wrong. Please correct me if I did. ------------------------ Fees/Tokenomics Breakdown Bonkfun: Bonding curve: 1.25% fees on swaps (1% bonkfun, .25% Raydium LaunchLabs)*1. .58%*2 (58% of the 1% bonk fee) buys back $BONK Post Migration: Defaults to .25% fee AMM*3 (.03% of this .25% fee is used to buy back $RAY)*4 Token Creator Fees: Creators receive 10% of bonding curve fees (.1% of swaps). 10% of LP fees (10% of the .22% Raydium LP fees or .022% of swaps)*5 PumpFun: Bonding curve: 1% (.25% buyback $pump)*6 Post Migration: .3% (.2% LP, .05% pumpfun, .05% creator)*7 Token Creator Fees: .05% of swaps ------------------------ Token Simulation Exercise (Based on example of $1M bonding curve volume, $10M post-migration volume) BonkFun Bonk Bonding Curve: $12,500 in fees: $5220 $BONK buyback, $3780 BonkFun revenue, $2,500 LaunchLabs revenue*8 ($6280 total platform revenue between BonkFun + LaunchLabs), $1000 creator rewards Raydium Post-Migration: $25,000 in fees: $19,800 to LP (not including creator), $3,000 $RAY buyback, $2,200 to creator PumpFun PumpFun Bonding Curve: $10,000 in fees -> $2,500 $PUMP buyback, $7500 PumpFun revenue PumpSwap Post-Migration: $30,000 in fees -> $20,000 LP, $1,250 $PUMP buyback, $3,750 PumpFun revenue, $5,000 to creator ------------------------ Fee Summary (Note: % next to fee line item is % of total fees that line item represents) BonkFun + Raydium: Total Fees: $37,500 or .34% of total volume Total LP Fees (excl. creator): $19,800 (52.8%) Total Platform Revenue: (all sources): $6,280 (16.7%) Total Buybacks: $8,220 (22%) [$5,220 $BONK (14%), $3,000 $RAY (8%)] Total Creator Revenue: $3,200 (8.5%) Total Revenue Distribution (buyback + creator): $11,420 (30.5%) PumpFun + PumpSwap: Total Fees: $40,000 or .36% of total volume Total LP Fees (excl. creator): $20,000 (50%) Total Platform Revenue: (all sources/platforms): $11,250 (28.1%) Total Buyback (PumpFun + PumpSwap): $3,750 (9.4%) Total Creator Revenue: $5,000 (12.5%) Total Revenue Distribution (buyback + creator): $8,750 (21.9%) ------------------------ Conclusions There's tradeoffs between the two platforms for "devs"/token creators, traders and the market/industry as a whole. Here below are some conclusions: >BonkFun has bonding curve creator revenue (bonding curve creators/short term creators win) >BonkFun higher bonding curve fees (bonding curve traders lose) >Raydium lower post-migration fees (long term markets win) >BonkFun + Raydium lower post-migration creator rewards (long term creators lose) >BonkFun + Raydium more revenue distribution ( $BONK holders win on bonding curve fee buybacks vs PF, $RAY holders win on LP fee buybacks vs PF) >PumpFun lower bonding curve fees (bonding curve traders win) >PumpFun no bonding curve creator rewards (bonding curve creators lose) >PumpSwap higher fees post-migration (long term markets lose) >PumpSwap higher post-migration creator share (long term creators win) >PumpFun + PumpSwap shares the same token, accruing fees from both into $PUMP >PumpFun/PumpSwap more extractive via platform/team revenue by almost +50% (21.9% total revenue vs 30.5% from BonkFun + Raydium in the simulated example) Final notes: 1) For (*8) I could not confirm what happens with the .25% fee for LaunchLabs from the BonkFun bonding curve. BlockWorks reporting seems to indicate all frontends using LaunchLabs have a static .25% fee to LaunchLabs presumably as SOL revenue, so this is my best guess. 2) In spite of BonkFun claiming in their annoucement tweet (*5) that bonded tokens receive 10% of bonding curve SOL rebates and 10% of LP fees, I personally launched and bonded a token on BonkFun 10 days ago, and there is no creator rewards on BonkFun or LaunchLabs for that wallet from either the bonding curve or post-migration LP. I assume the token needs some level of volume or fees to become eligible (their creator rewards front end has an "Eligibility" checkmark, so I believe their creator rewards only apply to tokens which reach certain thresholds, which I cannot find publicly). 3) BonkFun apparently previously would burn 90% of LP upon migration and keep 10% of the Raydium LP for BonkFun platform revenue, where 10% of post-migration LP fees = platform revenue (including buyback breakdown)*9. It appears they changed this to 90% burn, 10% LP given to the token creator for creator rewards. However, I was not able confirm whether BonkFun still reserves some LP for BonkFun revenue (SolScan transactions are hard to follow🥲)

@DeeZe @icobeast Wintermute down to only 2.6b tokens. Bottom looks near

@icobeast and we are revisiting!!!

if this wasnt a good dip buy it is so over

@FabianoSolana @coinglass_com I sense that many of the whales are just delta-neutral trading

Whales vs. Shrimps on Hyperliquid: Very interesting to see that Hyperliquid whales are mainly short and bearish while shrimps, dolphins, etc. are long Found this on @coinglass_com

@GabeRabello @stevenyuntcap That program is being changed at the moment

@stevenyuntcap Unless Phantom buys a fuckton of HYPE, stakes it, and passes along those fee savings to users? Maybe that will become standard at some point as the Hyperliquid frontends all start battling for market share

Every dollar of volume originating from a Phantom Perps user is a market order with no staking tier fee discount. These types of orders are highest paying fee orders, thus contribute to the AF the most (on a per $ basis). Eventually, $5m fee days will be the normal. Hyperliquid

@katexbt I actually preferred Disney Sea. The different lands there felt more novel and immersive.

If you made any money this year, you deserve to treat yourself to Japan, and most importantly: Tokyo Disneyland. Not a fan? Skeptical? Think it's for kids? I was too - but then I went and had a blast. Welcome to my Tokyo Disneyland review, what to visit and what not to👇

@ShockedJS all they need to do is study wintermute market making

@SolportTom @theunipcs $GP coded

@theunipcs Glad we could help cover 1 listing! Working on moar! 🤝

#USELESS coin is going live on its first major CEX tomorrow for those not familiar: Gate is literally the #1 memecoin casino for crypto degens it is where $SHIB first reached escape velocity it is also where $PEPE first reached escape velocity it has 31 million users and $4 billion in daily volume for some reason, memecoin traders tend to really like this CEX 🔥

@ghost93_x Reminds me when of when Blur overtook OpenSea in the NFT marketplace war. OS was never able to take back the crown

Seems to me buying BONK at $1.6B (50% buy and burn) or GP at $100m (7.6% buy and burn) is a better deal than buying the pump fun token at $4B. Letsbonk has surpassed them in revenue.