Imteaz

@c2mtrading Yeah after being up almost 2x

hype worst performer btw

@rektober Why did you trade with such fees in the first place?

Jupiter shitshow, very cringe to watch, I have paid in 2025 $500,000 in fees across 5 wallets, i checked this in dune volume checker, i did $900,000,000 in volume Jupiter perps charges 3 times more fees than Hyperliquid, their system is so predatory that when margin is low they liquidate you and keep the remaining margin, they charge more than 5 times the fees Binance or ByBit charges, if you are short you don't earn funding fees (they charge you borrow rate on top) and if you are long you pay also, in other exchanges if you are short you usually get paid 0.013% hourly Not only they have the worst and most expensive system, that extracted more than a billion dollars from liquidated Solana Perp Traders Now after they promised and passed the DAO vote for 2 years, they decide to go back in their word and finesse all their traders and fee payers, that were heavily miss treated and paid unreal amount of fees with the promise of "Jupuary" in January of 2026 Terrible terrible look, never expected such L move, shame on you, i hope you guys reflect on this and listen to the obvious critics from your community, your users, your fee payers, do better, @weremeow @JupiterExchange

@Totomoto789 @NMTD8 @BACH_0z @saylor Lol, his execution is horrible

@NMTD8 @BACH_0z @saylor Anon on X is giving Saylor advice how to buy btc :))))

Strategy has acquired 1,142 BTC for ~$90.0 million at ~$78,815 per bitcoin. As of 2/8/2026, we hodl 714,644 $BTC acquired for ~$54.35 billion at ~$76,056 per bitcoin. $MSTR $STRC strategy.com/press/strategy…

@ericonomic Probably delta neutral?

This wallet is now selling all his stack the same way he bought it. Fresh wallet funded by Binance, makes you wonder. #txs" target="_blank" rel="nofollow noopener">hypurrscan.io/address/0x9D26…

@farminglvl99 @alex_hunter20 What do you think? What's the main usp of hl?

@imteaz1997 @alex_hunter20 Average joe doesnt know difference between dex and cex. And if knew he wouldnt care. Only cares about which one is easier

Hyperliquid leading. Others following. If you can’t take them down you need to compete.

@farminglvl99 @alex_hunter20 Centralised vs Decentralised Not hard to grasp

Well hype managed to steal crypto natives attention. Now when the next step would be capturing retail attention, if retail never comes back, how they gonna do that? Why would this average-joe-stock-trader come to hl if binance offers same products? I bet he wont set up metamask and bridge to arbitrum and bridge to hl, if there is easy acces binance..

@popoxbtc This site is not accurate, you can clearly see it by checking hl fe

.hls never been so silent like today *checked the lit price* *check stats* Now I understand the reason

@popoxbtc Faulty data

No one talks about the day when Lighter is number one and HL is not even number two But everyone screams when Lighter is second/third by volume IT IS SO OVER THE LIGHTER VOLUME WILL NEVER RECOVER AFTER TGE SYBILS ARE OUT LIGHTER IS DEAD Lol shut the fuck up

@Dasrackhor007 Variational is a pain to use, bad fills

Two red flags here ; Built on stark just like paradex. VC got in at 60m fdv. So why are Boyz doing fdv of $1 bn with their TGE math calculator ? Back down boiz because if extended do X4 on TGE is a sure cook for the VC while at lost for community Beside I still have PTSD with what starknet did during TGE . Those guiz ain't no good for anything especially when it comes to community. Ella and that community lead of starknet are not good at all. Variational is in superform after lighter and a good farm. But paradex and extended are going to destroy the ambition of community . @VictorTopDefiG @Absoluto92 @Eugene_Bulltime Kindly pass it on before they milk dry their community.

@poesdec @Lighter_xyz Lol, unrealistic valuation

how will Lighter launch? scenarios after TGE: 1. Bearish: price drops after listing, no real demand forms, the market rejects the valuation. FDV < $10M; 2. Base case: post-TGE pressure from airdrops and overall market sentiment. a “plateau” forms, then the token moves up with better market conditions toward $200-300M FDV 3. Euphoria: A quick start to 500M-1B FDV, followed by a gradual sell-off as fomo fades and demand cools 4. Aggressively bullish: the market sees TGE as undervalued, price enters an uptrend immediately and re-rates above expectations. FDV $1B+

@Eugene_Bulltime @vnovakovski @hansolar21 @manud_p @LemonTea_64 @choffstein @TheDeFinvestor @c_dylanber @_El33_ @Pilla_eth @ProMint_X When did they lose user control? Still higher metrics than rest

@imteaz1997 @vnovakovski @hansolar21 @manud_p @LemonTea_64 @choffstein @TheDeFinvestor @c_dylanber @_El33_ @Pilla_eth @ProMint_X and losing user control

Buybacks are not suitable for Web3 (currently) 2025 was dominated by the buyback trend - an obvious and simple idea for price support that carries structural longterm problems. And I understand why this idea has gained widespread traction in Web3 - it exploits its core element: speculation. It's quite tempting when some mechanism allows for constant token purchases and the creation of sustainable buy pressure. A good idea that's very easy to sell. But it ruins projects, and here's why. ---------- The buyback mechanism was invented at TradFi, and, to put it bluntly, it's the preserve of large, established companies. <> The fact is that when you get very large, developing a business becomes increasingly difficult. Simply put, there are fewer sectors and opportunities you haven't yet covered. And each new product contributes less to the company's overall revenue. Management looks at this and realizes that instead of focusing on active expansion/products/research, they're choosing a different approach - optimizing the entire company structure through buybacks. Share buybacks and burns mean that earnings per share increase because the company's revenue remains unchanged. This means that the share price itself increases. This is similar to the dividend approach, but through the transfer of value to shareholders through shareholder growth rather than direct payments. Therefore, the classic path looks like this: Startup -> Growth -> Expansion -> Buybacks Such companies spend 20% to 50% of their cash flow on buybacks. --------- Hyperliquid disrupted this system by skipping the expansion stage and going straight to buybacks. And this yielded a positive return in the short term. HYPE soared to $40-$60. But a year later, it became clear that this wasn't sustainable in the medium to long term for the simple reason that you'd missed a crucial growth stage. I've already written above about how buybacks are only used when companies are already struggling to grow because they're large, have multiple products, and span multiple sectors. But this isn't the case in Web3. All projects, with the possible exception of Binance, Coinbase, Tether, and Circle, are startups. The main goal of startups is to grow quickly and aggressively expand into new areas. This is how David defeats Goliath time after time. First of all, because the benefits of such new products and areas of activity are significantly greater than the benefits of buybacks. Buybacks shouldn't exceed 20% of revenue for growing companies. Their purpose shouldn't be speculative, but rather indicative of the sustainability of the business model. ---------- For example, - Hyperliquid earned $900 millions in 2025 and spent it all on buybacks. - They could have allocated $180 million for buybacks, which is about $500,000 per day (it's still huge) - And the remaining money could have been used for active expansion. That's $720 million per year. This is a huge amount of money, even for most Web2 companies, and it could have been actively used for growth. .hls likes to compare itself to Binance. But then look at what Binance did when it was still a startup from 2017 to 2021: - Active development of new products - Spot, Margin trading, Futures, Launchpad, 2 L1s, Earn, DeFi, NFT, Payments - Active M&A - Trust Wallet, CoinMarketCap, WazirX, Jex - VC investment division - Binance Labs - Company growth to thousands of employees - Expansion into all major geographies and jurisdictions - Asia, Europe, the US, the Middle East - BNB Chain growth and alignment projects with Binance. Binance's profit in 2018-2019 was also around $1 billion per year, but they directed 80% toward active expansion and market capture, and only 20% toward buybacks. It was this active product growth that made Binance what it is today. <> Hyperliquid is a startup like Binance in 2018-2020. And if they want to achieve such a dominant position, they need to fundamentally change their strategy. Hyperliquid acts like a mature company with a 97% buyback rate, but in reality, it's still a startup without an active growth strategy. --------- Buyback burns tokens M&A burns competitors ---------- Other PerpDEXs, like Lighter, have a chance here. While Hyperliquid is busy with buybacks and fragmenting itself through horizontal scaling, they should focus their resources on: - creating new products - attracting new users - legalizing a foundation for operating in multiple jurisdictions - actively hiring employees and teams - M&A - possibly a venture capital arm IMO, Lighter is best positioned to become a real competitor to Hyperliquid because: - they have a great product with attractive terms, the best perpdex imo - a fantastically strong development team and BizDev - an experienced founder who knows how to build large companies and scale them - direct contacts with US government and a legal basis for working with them - revenue in the hundreds of millions per year, which is enough for rapid growth ---------- Buybacks - not a panacea Expansion & product - right way

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@Atenov_D @Polymarket @PolymarketTrade How did you get 8M points? Lol Around 12M points has already been distributed

I know what the estimated FDV for Lighter will be. Share the numbers with u. I will base my calculations on the current price per point on OTC. I will use $60 for the estimate, which is the average price I have seen. A total of 3.25 million points will be distributed over two seasons. I couldnt find any public data for the first season, so I'll also take 250k/week. That comes to 8 million points. We multiply and get the average cost of the total supply of points - $675 million. According to an interview with Ligher's CEO in October, he announced an airdrop of 25-30% of the total supply of tokens. Lets take a conservative 25%. Thus, 25% of the supply equals $675 million, and the total FDV is $2.7 billion. If we expect the price per point to be $85, then the FDV will be around $3.825 billion. I love math.

@CryptoTeluguO @Lighter_xyz @HyperliquidX They won't do token sale lol

😳 @Lighter_xyz Pre-Market coming to @HyperliquidX 🪙 $LIT 🔜Soon we may see announcement 🤞No token sale Please 💙Like 🔁RT

@0xTDG What's your all time vol?

Another week of getting raped by lighter points Legit thought getting to 350-400 was base case scenario after getting 30 a week for the first 3 weeks … then 10/10 happened and points dropped by half, then 3 weeks later by another half, then I actually got negative points and then it’s half of what it was before. So now I’m only at 10% of where it began and all my EOY predictions for the final number are getting decimated, won’t wven get to the 200-250 which I thought was a safe bet. 180 will have to do the trick [*]

@fiyalkin @Lighter_xyz @HyperliquidX did you actually trade? Or just based on docs?

i traded 1m on perp dexs and here’s how much i spent on fees calculated using limit orders (maker) + market orders (taker), totaling $1m volume each / @Lighter_xyz $1,000,000 vol maker: ~$0$ | taker ~$15 / @HyperliquidX $1,000,000 vol maker: ~$100 | taker ~$460 / @pacifica_fi $1,000,000 vol maker: ~$150 | taker ~$400 / @extendedapp $1,000,000 vol maker: ~$0 | taker ~$260 / @paradex $1,000,000 vol maker: ~$0 | taker ~$30 / @grvt_io $1,000,000 vol maker: ~$100 profit| taker ~$550 / @hibachi_xyz $1,000,000 vol maker: ~$0 | taker ~$450 / @DriftProtocol $1,000,000 vol maker: ~$200 profit | taker ~$350 - did i miss anyone?

@nahnah64 @munchPRMR Yeah, but it’s not early

@imteaz1997 @munchPRMR Because after lighter tge's people will have 2 choices for 0 fee perp dex. Variational and paradex. And for me, variational>paradex

I don’t think people actually care about fee vs feeless perps. I think it’s more so just a narrative Lighter maxis are using. I think people care more about productivity with their capital than anything. The exchange that can allow people to do the most with their capital at all times will naturally have more incentive than others. Innovation in architecture due to DeFi combined with liquidity is what’s needed for a successful perp DEX going forward, not simply building the same product and lowering fees. World Capital Markets.

@nahnah64 @munchPRMR how is it early if they are in pre point programme phase for like months?

The reality is price leads narrative, hype price bad so lighter must be "better" Can't judge a project till after tge. Personally after lighter tge I would rather use variational than lighter. It's also 0 fees+I have chance to get lost refund+points program not even started(early)

@jrugss Value derived from 24/7 nonstop buybacks

Imagine you buy Hype at 33B hoping for 2x When there is 1/3 HL oi - Lighter valued at 3B on OTC Hyperliquid