turdstomper99

$DNDX "Decentralized Nasdaq" was used to describe HyperLiquid on CNBC by Michael Novogratz, CEO of Galaxy. There are a bunch of tailwinds for $DNDX, such as Hyperliquid's eventual listing of equities, further media usage of "Decentralized Nasdaq", and further spread of ending every tweet with "Decentralized Nasdaq" instead of "Hyperliquid". Other HyperEVM runners so far were too Solana-aligned, the "coin" meta was a SOL thing, and PurrWifHat is a derivative of a Solana meme. Decentralized Nasdaq could very well be the first 9 figure HyperEVM runner. Decentralized Nasdaq

Jeff from Hype only eats dogfood and raisins and doesnt own a computer just codes with his mind

The owner of the S&P 500 index is licensing the world’s most tracked stock index for the launch of a derivative contract that trades around the clock on the crypto exchange Hyperliquid on.wsj.com/4bezxK0

S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid. For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes. The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale.  SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain. Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.

if you need a tg trading bot for hyperEVM: - dev is a chad: funds are safu - $DNDX incentives for users ($20k a week) - 20% revshare for ref link - 97% of revenues are used to buyback $DNDX - hypurrfun + liquid launch supported Decentralized Nasdaq

@krcryptodegen $DNDX

My dexscreener fav list My eyes on $PiP $BUDDY $LIQD What am I missing?

@DNDX_HL Decentralized Nasdaq

no roadmap, just ship. Begin Trading now with $DNDX Bot t.me/dndxHyperEVM_b… Monitor's (in beta) are also available for use! Liquid Launch: t.me/dndx_liquidlau… HPump: t.me/dndx_hpump_mon… Decentralized Nasdaq

@esprisi0 Decentralized Nasdaq

haven't seen a memecoin as relevant as $dndx since $PiP launched on hypurrfun 7 months ago. It was the chain's first liquid mascot, with an original concept and very well-crafted art. the token went to over $70m in mc, and now it's one of the most significant communities on HL. $dndx aka Decentralized Nasdaq, is how the CT talks about Hyperliquid, and how it's described by the mainstream media (notably on CNBC not long ago). The more hyperliquid/hyperunit advances in their roadmap, the more relevant the Decentralized Nasdaq moniker will be, which makes it a very good narrative imo. As for $PiP, I'm a top holder, and I can't think of any other memecoin that's more obvious than this one, so I'm gonna hold up to +$50m if we go for it

@defi_monk Decentralized Nasdaq is more than a meme Decentralized Nasdaq

Been having more and more discussions with builders that are offering opposing viewpoints on optimal onchain CLOB design. Think it’s the most interesting “tech” frontier in DeFi today. Real tradeoffs are being considered where the impacts are all up in the air. Some examples: - privacy vs transparency - speedbumps vs unrestricted trading - finality vs execution latency (L1s vs L2s) - to colocate or decentralize geographically - makers first or takers first - price discovery (important or not) - general purpose or opinionated - hybrid or fully onchain - optimize for retail or optimize for instys Race for decentralized nasdaq is well underway.

Alas Joyful June is here Decentralized Nasdaq

@MetamateDaz One step closer to being the Decentralized Nasdaq Decentralized Nasdaq

spot gold on Hyperliquid soon...? 👀

@DNDX_HL Next #SPX6900 is $DNDX Great time to load up Decentralized Nasdaq

GM 🌞 Decentralized Nasdaq

@chameleon_jeff Decentralized Nasdaq is all about transparency Decentralized Nasdaq

Why transparent trading improves execution for whales Throughout Hyperliquid’s growth, skeptics questioned the platform's ability to scale liquidity. These concerns have been resolved now that Hyperliquid is one of the most liquid venues globally. With Hyperliquid’s adoption by some of the largest traders in crypto, discussion has shifted to concerns around transparent trading. Many believe that whales on Hyperliquid are: 1) frontrun as they enter their position 2) hunted because their liquidation and stop prices are public These concerns are natural, but the opposite is actually true: for most whales, transparent trading improves execution compared to private venues. The high level argument is that markets are efficient machines that convert information into fair prices and liquidity. By trading publicly on Hyperliquid, whales give market makers more opportunity to provide liquidity to their flow, resulting in better execution. Billion dollar positions can have better execution on Hyperliquid than on centralized exchanges. This post covers a complex line of reasoning, so it may be more compelling to start with a real-world example from tradfi to demonstrate this universal principle. After all, actions speak louder than words. Example Consider the largest tradfi ETFs in the world that need to rebalance daily. Examples include leveraged ETFs that increase positions when prices move favorably and decrease positions in the other direction. These funds manage hundreds of billions of dollars in AUM. Many of these funds choose to execute on the closing auction of the exchanges. In many ways this is a more extreme version of whales trading publicly on Hyperliquid: 1. These funds’ positions are known almost exactly by the public. This is true on Hyperliquid as well. 2. These funds follow a precise strategy that is public. This is not true on Hyperliquid. Whales can trade however they want. 3. These funds trade predictably every day, often in massive size. This is not true on Hyperliquid. Whales can trade whenever they want. 4. The closing auction gives ample opportunity for other participants to react to the ETFs’ flows. This is not true on Hyperliquid, where trading is continuous and immediate. Despite these points, these ETF managers opt into a Hyperliquid-like transparency. These funds have full flexibility to make their flows private, but proactively choose to broadcast their intentions and trades. Why? History of transparency in electronic markets A complementary example is the history of electronic markets. As summarized above, markets are efficient machines that convert information into fair prices and liquidity. In particular, electronic trading was a step-function innovation for financial markets in the early 2000s. Prior trading occurred largely in trading pits, where execution quality was often inconsistent and spreads wider. With the advent of programmatic matching engines transparently enforcing price-time priority, spreads compressed and liquidity improved for end users. Public order books allowed market forces to incorporate supply and demand information into fairer prices and deeper liquidity. The spectrum of information Order books are classified by their information granularity. Note that L0 and L4 are not standard terminology, but are included here as natural extensions of the spectrum. L0: No book information (e.g. dark pools) L1: Best bid and offer L2: Levels of the book with price, total size of level, and optionally number of orders in the level L3: Individual anonymized orders with time, price and size. Some fields including sender are private L4 (Hyperliquid): Individual orders with complete parity between private and public information Each new level of order book granularity offers dramatically improved information for participants to incorporate into their models. Tradfi venues stop at L3, but Hyperliquid advances to L4. Part of this is necessity, as blockchains are transparent and verifiable by nature. However, I argue that this is a feature, not a bug. Zooming out, the tradeoff between privacy and market efficiency spans the full spectrum from L0 to L4 books. On this scale, L3 books can be viewed as an arbitrary compromise, not necessarily optimal. The main argument against L4 books is that some strategy operators prefer privacy. Perhaps there is some alpha in the strategy that is revealed by the order placement. However, it’s easy to underestimate the sheer talent and effort going into the industry of quantitative finance, which backs out much of these flows despite anonymized data. It’s difficult to enter a substantial position over time without leaking that information to sophisticated participants. As an aside, I believe financial privacy should be an individual right. I look forward to blockchains implementing privacy primitives in a thoughtful way in the coming years. However, it's important not to conflate privacy and execution. Rather than hand-in-hand concepts, they are independently important concepts that can be at odds. How market makers react to information One might argue that some privacy is still strictly beneficial. But privacy is far from free due to its tradeoff with execution: toxic flow can commingle with non-toxic taker flow, worsening execution for all participants. Toxic flow can be defined as trades where one side immediately regrets making the trade, where the timescale of "immediate" defines the timescale of the toxicity. One common example is sophisticated takers who have the fastest line of communication between two venues running toxic arbitrage taker strategies. Market makers lose money providing liquidity to these actors. The main job of a market maker is to provide liquidity to non-toxic flow while avoiding toxic flow as much as possible. On transparent venues, market makers can categorize participants by toxicity and selectively size up to provide as a non-toxic participant executes. As a result, a whale can quickly scale into a large position faster than on anonymized venues. Summary Finally returning to the example of ETF rebalancing, I imagine the conclusion of rigorous experimentation confirmed the points above. Addressing the specific subpoints in the introduction: 1) A transparent venue does not lead to more frontrunning than private venues. Rather, traders with consistently negative short term markouts benefit by broadcasting their autocorrelated flow directly to the market. Transparent venues offer a provable way for every user to benefit from this feature. 2) Liquidations and stops are not “hunted” on transparent venues more than on private venues. Attempts to push the price on a transparent venue are met with counterparties more confident to take the mean reversion trade. If a trader wants to trade massive size, one of the best things to do is tell the world beforehand. Though counterintuitive, the more information that is out there, the better the execution. On Hyperliquid, these transparent labels exist at the protocol level for every order. This enables a unique opportunity to scale liquidity and execution for traders of all sizes.

Centralized systems fear what they can’t control. Welcome to the other side $DNDX Decentralized Nasdaq

@HedgewaterDAO Decentralized Nasdaq

Hedgewater Asssociates operate on the Decentralized Nasdaq Hyperliquid

@derteil00 pre rich Decentralized Nasdaq

$5b of new $HYPE buy pressure

Can't wait for @KittenswapHype TGE OG KITTEN Decentralized Nasdaq

@0xOmnia We’re early, few understand Builders will build Decentralized Nasdaq

this is hilarious hyperliquid

@Pasta_Capital Hyperliquid is egalitarian FTX Decentralized Nasdaq

The good old Turk is bullposting $HYPE till infinity, but here's why he has a point FTX was largely used by gamblers for perps What's the current hot thing in perps? Hyperliquid What venue is decentralized and secure enough to not experience a FTX 2.0? Hyperliquid What exchange has enough liquidity, OI and low latency for degens? Hyperliquid As a wise man once said (Jefe): "FTX was the event that made us understand that people were ready for DeFi" Hyperliquid

@degennQuant Reward the community. Reward the users Decentralized Nasdaq

I have come to the conclusion that Hyperliquid has the most diverse, well-funded user base in all of crypto. Hyperliquid Traders != Defi Users by nature Therein lies the opportunity. Many traders have not touched HyperEVM yet, while they have lots of capital, are smart, and are a fresh set of users and people for protocols to reach and appeal to. The amount of 'traders' around the globe dwarf the amount of 'defi-natives'. The appeal of Hyperliquid reaches far beyond the echo chamber of crypto twitter. Consumer focused products will win. Hyperliquid

@NMTD8 What season? Was Challenger Aatrox 1 trick back in S8. Decentralized Nasdaq

@footllocker Challenger

Can confirm. Spent thousands of hours only playing things in a competitive mindset. In the earlier years it was RuneScape, then it became LoL. Made it to the very top on both in different ways. Anything else I played, always focused on ranked/competitive. What got me hooked on HL was seeing myself on the leaderboard. Competing Vs thousands and showing up near the top. All verifiable on chain. Points farming was addictive, seeing my rank go up every week kept me grinding. I like to focus on one thing and obsess over it. Right now that is accumulating as much $HYPE as possible. Hyperliquid.