HOW
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HOW
@minorityox
@HyperliquidX using a pretty good L1 @HyperliquidX : https://t.co/0vjf1GAdiT
polymarket and kalshi launching perps is actually really bullish for hyperliquid even if they don’t use builder codes they’ll end up spending millions lobbying in the US to normalize perpetuals from a regulatory standpoint and that effectively derisks the entire category and does the heavy lifting for hyperliquid for free and there’s no real downside because once users try those platforms the UX gap becomes obvious, that friction will naturally push serious traders toward hyperliquid so in practice they’re accelerating adoption while indirectly funneling users thanks kalshi and polymarket 💙💚
@blknoiz06 What’s the thesis?
Not the first to say it but will say it again, @sershokunin is just as important to Hyperliquid as Jeff
This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore. Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work. Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor. Within 3 years, he was running one of the largest anonymous crypto trading firms. Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed. Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto. Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to. Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do. In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.
SEC Clarifies Certain DeFi UIs Can Operate Without Broker-Dealer Registration The SEC’s Division of Trading and Markets said certain crypto trading interfaces, including DeFi front-ends, wallet extensions, and mobile apps, may operate without broker-dealer registration if specific conditions are met. These include no order routing, no investment advice, no custody of user assets, and only fixed, neutral fee structures. The guidance applies to self-custodial wallet interfaces and will remain effective for five years unless superseded by further SEC action.
This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore. Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work. Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor. Within 3 years, he was running one of the largest anonymous crypto trading firms. Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed. Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto. Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to. Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do. In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.
HyperCore is getting priority fees soon! This will allow MMs to pay their way (in HYPE) for priority to make up for inferior infra. The fees would be worth watching during the next volatility event since that is when this would get utilized heavily. hyperliquid.gitbook.io/hyperliquid-do…