ddot

The HyperMercantileLink (hML). A unified financial interface for the trading and deployment of next generation financial derivatives, powered by HyperLiquid L1. 24/7 trading of tokenized assets, synthetics, AI & GPU futures, and more. Hyperliquid

5 new upcoming HIP-3 projects that I am adding on my watchlist - @sekai_fi : lets anyone launch an LST on Hyperliquid. - @onlyvibes_trade : long or short mindshare indices - @hyperddot: markets for physical goods & RWAs - @auramoney: Perp + Prediction Markets w/polymarket - @computeindex: GPU futures markets

@0xPicasso @sekai_fi @onlyvibes_trade @auramoney @lit_trade 🫡

@tokenyz @chameleon_jeff 🎉

@chameleon_jeff when he makes 157% profit in 3 mins trading 50x NVDA on @hyperddot Hyperliquid

@dejixyz the perpification is loading 🤝

The Interview: @hyperddot Ddot is a Mercantile exchange building on Hyperliquid and today we get to hear from the Founder on topics ranging across the meaning of Mercantile Exchanges and the ecosystem they’re looking to cultivate so keep reading to find out more! What prompted the idea of Ddot? Ddot was born from two core assumptions. First, perpetuals are one of the most important recent financial innovations — simple, leveraged instruments that remove the complexity of futures expiries while offering the appeal of options without exposure to Vega. Second, we know that traditional finance is moving towards 24/7 markets, and that this will become the global norm. We want to combine these to be the leading solution for the trading of RWAs. What was the main attraction to building on Hyperliquid? The best markets in the long run are the fairest and tightest. On-chain trading is uniquely suited to 24/7 markets thanks to instant settlement, reliability, and order book-based systems provide unmatched transparency. We’ve been following Hyperliquid since Jeff’s 2023 @choffstein Flirting with Models episode, and with the rapid growth of their exchange, it felt like the perfect place to build. The announcement of HIP-3, enabling permission-less perp deployment, decided the future for ddot. For people that don’t understand Mercantile Exchanges, can you give an overview and how it relates with Ddot? A mercantile exchange is a marketplace for buyers and sellers to trade commodities and financial derivatives. We’re aiming to move market share from off-chain (e.g. the Chicago Mercantile Exchange - CME) to on-chain. Who would you describe as your ideal user? Our early adopters are traders who want access to high-performance, transparent derivatives 24/7 — e.g., someone looking to trade U.S. equities on the weekend with up to 50x leverage. Longer term, our vision is for institutional investors, such as pension funds, to use ddot for their broad index exposure, which would signal that we have achieved important regulatory breakthroughs. Do you expect more competition in this specific niche or do you believe you have a free go at it in the long run? We expect multiple deployers of HIP-3 markets to tackle these problems, however there are a lot of TradFi markets that should be moved on-chain, so the space is quite broad. One problem deployers will face is initial liquidity provision, which we can provide in-house via our own market making systems. What is key for these markets is the integration with front ends such as @phantom and @Rabby_io to drive volume, which is one of our focuses. How many team members do you currently have and is there any plans or talks around funding rounds? We are currently 3 but are looking to expand asap. At the moment we are bootstrapped, with income from our current multi exchange crypto market making operation. What do you think of Digital Asset Treasuries based on $HYPE? MSTR has made this trendy, honestly view it as abit of a fad but does solve accessibility issues for certain individuals. Do you think Hype becomes the focal point token for tradfi, superseding btc considering Hype is based on a running business? Really BTC is viewed alike an index for crypto by the average earth enjoyer, and thus it’s not really something HYPE will replace. However, I think there is massive upside in $HYPE and thus I am extremely long. What other niches do you think are under-explored within the HL ecosystem? Hyperliquid is becoming the leading trading venue, I’d like to see more development in RFQ solutions for the seamless execution of large trades via HyperCore. Any final words you’d like to give us? If you cannot simply explain your edge, then you are just gambling.

@Param_eth Great writeup, next gen perps via HIP-3 loading @hyperddot

Study hyperliquid. "HIP-3 Explained" 1/ HIP-3 allows anyone to create perpetual futures markets using Dutch auctions every 31 hours. Winners must pay HYPE tokens for deployment rights and stake 1 million $HYPE as a security bond. 2/ Builders have complete control over all market parameters, including: - Oracle selection - margin requirements - liquidation logic On top of the base rate, they can earn up to 50% fee share, as well as custom fees. 3/ Deployed markets have access to @HyperliquidX's battle tested infrastructure, including: - on-chain order books - matching engine - validator network but liquidity is kept separate from the main exchange. 4/ HIP-3 transforms Hyperliquid from an exchange into a financial infrastructure. Allows trading in all asset classes, including traditional finance, pre IPO tokens, exotic derivatives, and prediction markets. hyperliquid

@kelxyz_ ticker squat?

Hip 3 having only one auction to list a new pair across all hip 3 markets is insane How do I bet on ticker prices going back to $1m

@haojun222 @chainlink @CommerceGov working on it

@chainlink @CommerceGov Haha. HIP-3 100X perps to speculate on GDP forecast when

We're excited to announce that Chainlink and the United States Department of Commerce (@CommerceGov) have worked together to bring U.S. government macroeconomic data onchain. blog.chain.link/united-states-… These new Chainlink Data Feeds securely deliver critical information around key U.S. economy metrics onchain, sourced from the Bureau of Economic Analysis (@BEA_News). Metrics include the Real Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers. Bringing key U.S. government data onchain unlocks innovative use cases for blockchain markets, including: • Automated trading strategies • Increased composability of tokenized assets • Issuance of new types of digital assets • Real-time prediction markets for crowdsourced intelligence • Transparent dashboards powered by immutable data • DeFi protocol risk management based on macroeconomic factors These datasets are updated monthly or quarterly as applicable, and are initially being made available across ten blockchain ecosystems, starting with Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. Support for additional blockchain networks can be incorporated over time based on user demand. This development builds upon Chainlink’s accelerated work with the U.S. government in 2025, including meeting with several key officials and regulators to make policy recommendations that are advancing the growth of the blockchain industry.

@0xdavinci_ hip-3ification

Have been spending a lot of time this summer looking into some of the narratives that I believe will shape the cycle towards the end of the year, and I think it's time to share the ultimate breakdown. - Hyperliquid (top crypto project by revenue, HyperEVM is growing, HIP-3 is coming, airdrop + HypurrNFT coming up, etc) - AI infrastructure (massive launches with a collectively raised funding in the hundreds of millions + DeAI is likely crypto endgame) - Robotics (still flying under the radar and a mini-meta in the AI vertical that will blow up massively soon imo, accelerated by web2 hype spilling over and everyone seeking exposure that is hard to get in TradFi) - ZK infra (have always been bullish on this, bc blockchains are amazing to enable coordination in open systems and verify execution. Unfortunately they don't scale well, which is why we need ZK and proof systems, hardware and ZK infra in terms of public networks is ready to scale now) - Programmable privacy (talked about this a bunch of times recently, imo a massive unlock and crucial enabler for private and personal AI, compliant and secure onboarding of institutionals into tokenized asset markets, and much more, specifically bullish on MPC and FHE here) - Execution layer innovation (while I do believe that ZK will be the major unlock for scaling chains beyond block limits, latency and composability considerations make real-time blockchains a relevant innovation. Also bullish on chains that enable verifiable apps built in web2 languages) - RWAs/Tokenization (a lot of the above ultimately provides the basis that is necessary for actually scaling tokenized asset markets to global relevance from scalable CLOB-based exchange infra like HL, to the programmable privacy necessary for compliance, and execution environments and ZK infra that makes DeFi institutional-grade) What is my list missing?

@bisasolo hip3

building on hyperliquid is the most asymmetric bet a young founder can make for their career right now with hip3, builder codes and corewriter you just have to be super hungry, figure out how you can provide value and reach out to everyone in the ecosystem

@Malicious_Mort @HyperliquidX @ChuckSBradford @defidaddy u kno it perpman 🫡

HIP-3 is going to be a game changer for @HyperliquidX, the clear winner of this season. Innovative products that bring the indices, VIXs, and private companies onchain are coming, and with them will come a tidal wave of new Hyperliquid users. Ft. @ChuckSBradford & @defidaddy

@0xddx2 @reisnertobias @ryskfinance @sentimentxyz @hyperdrivedefi @hyperbloomxyz @delpho_labs @NestExchange @FundamentalHL 🫡

@reisnertobias @ryskfinance @sentimentxyz @hyperdrivedefi @hyperbloomxyz @hyperddot @delpho_labs @NestExchange @FundamentalHL

There are many projects on HyperEVM people sleep on: @ryskfinance @sentimentxyz @hyperdrivedefi @hyperbloomxyz What else?

@dejixyz 🤝

As TradFi gets more integrated with Crypto, a term I believe we’d start to see more often is CME. CME is short for Chicago Mercentile Exchange and it was formed by the merger of the CME and the Chicago Board of Trade that led to the creation of one of the largest financial exchanges in the world. What is the purpose of CME? Well, companies and traders use CME contracts to hedge against potential price fluctuations. CME contracts are futures and options based contracts that lets you trade a wide array of products such as commodities, interest rates, currencies, energy, metals + more. How do they use it tho? Using a real life example ⇨ Suppose an Airline Company intends to purchase 23k barrels of jet fuel in December but worry that oil prices would have increased by then from $70/ barrel in August to $90 in December. They can hedge against that price increase by using a CME West Texas Intermediate (WTI) crude oil futures. Each CME WTI futures contract covers 1,000 barrels of oil and considering they need 23k barrels, the airline calculates it needs about 23 WTI contracts. The airline then buys 23 of these contracts which helps lock in August prices. For clarification, these contracts are not crude oil directly but are assets pegged directly to the price of crude oil just like stable coins pegged to USD. If by December, the price of each barrel of Oil really jumps to $90/ barrel, the airline will be buying the jet fuel at a more expensive price but because they held their CME WTI contracts from $70 to $90 as well, they can sell these contracts and the profit will cover for the higher expenses of the “physical” fuel they had to buy. Suppose the price/barrel goes from $70 to $50 by December, i.e a price fall, this means the company will be selling their WTI contracts for a loss but now they’d be able to buy the physical oil for cheaper, which would offset the losses for the contract sale. Btw, if you’re wondering what the West Texas Intermediate (WTI) means in this context, it is a key benchmark for crude oil pricing in the United States and globally due to Texas being a high oil-producing state. Hence why it is a liquid asset for hedging fuel costs on the CME. How does this niche integrate with Crypto? We’re already starting to see Mercantile exchanges build up within different ecosystems such as Hyperliquid and an example is @hyperddot with their HML exchange which stands for Hyper Mercantile Link, similar to the Chicago Mercantile Exchange. These are the types of products that would help onboard tradfi because it’s similar to what they already used to and with tradfi comes retail. Thank you if you made it this far 🤍

@0xOmnia Heavily HIP-3 coded

HIP-3 is at minimum, an industry-defining development that gets passed off as simply some Hyperliquid-specific and trivial network upgrade Also hilariously tossed around as a buzzword that most do not understand even 1/5th of This will be fun

The venue for USDC/CN¥ perps? ddot x Hyperliquid

@axe_capital @RubiFi_HL 👀

@tokenyz breaks down some of the complexities of HIP-3 market design for a @HyperliquidX fee perp 🌊

@reisnertobias HIP-3

Former Barclays CEO is buying $HYPE for almost $1 Billion and spreading the Hyperliquid gospel on podcasts and you are bearish? Spend less time asking for coin picks and more time studying Hyperliquid docs. HIP-3, Builder Codes, CoreWriter

@wsbmod alright buddy

the current best hyperliquid fud is now: - the entire team is hit by a bus (buses?) - jeff (worth 9 figures before hype) sells all his tokens on unlock - “competition” from other perp dexes that either don’t exist yet or do a tiny fraction of the volume/oi of hl alright buddy

@Sakrexer 🌞