X256hl

Have been stress-testing @risextrade's on-chain liquidation engine recently, though admittedly not always by choice
Jokes aside Full orderbook, matching, and settlement all run on-chain without the usual throughput collapse. Unified margin across perps, lending, and vaults means collateral keeps earning while it backs positions
Backed by Galaxy and Vitalik. So far still only in the closed testing phase, so the liquidity is not the biggest, but the first experience has been very positive

Don't forget where we are
Hyperliquid

Anthropic is trading at $1.13T on Hyperliquid
All you had to do was open a 3x long on the listing day. You'd be up over 700% if you just longed this fully cracked AI company and forgot about it.
Trade anything on Hyperliquid

If you think you are late to Hyperliquid
Only 51 779 wallets are holding more than 10 HYPE

Stay $BASED?
They really crimed it up
WP

$Q is actually the first real stock ETF (Nasdaq-100) available as tokenized spot equity directly available on the Hyperliquid frontend
Hundreds more stocks and ETFs coming soon
One step closer to housing all of finance on Hyperliquid

There was no War
We love you

Since @chameleon_jeff changed his bio
I am officially starting a new tin hat cult that the HYPE S3 snapshot has been taken

$4B mcap on $RAVE
Current Annual Funding Rate: -17,520% :DDDDD
Are they going to crime it so much that it flips HYPE in mcap? Why is nobody going to jail for this?

The last time $HYPE traded above $45 was on October 30th, exactly 166 days ago.
At the time:
$BTC was trading at $110,000 (-32% now)
$SOL was trading at $187 (-54% now)
$ETH was trading at $3,850 (-38% now)
Hyperliquid is by far the strongest major in the market.
If we get anything close to a bull run, new price discovery is coming soon.
Hyperliquid

If you had $100k in SOL back in Nov 2024 and bought $HYPE in the first hour when it launched, you would have ~$1.29M today
If you held $SOL the whole time until now, you would have ~$34k
HYPE turned that early buy into ~12.9× your money, while SOL is down ~66% since then
Since then, one token has inflated by over $8B, and the other has bought back and burned over $1B of its own supply
Lesson in that, study HYPERLIQUID

Monitoring the situation
Hyperliquid

For the first time ever, OIL has done more volume today than BTC on Hyperliquid
Almost $4B in 24h volume just on OIL markets
$6.25B overall daily HIP3 volume (new ATH)
HIP-3 Daily Volume vs. Total has hit a 48,5% (new ATH)
Open Interest market share has hit a 6,8% (new ATH)
The RWA era on Hyperliquid

If you want to speculate on potential TradeXYZ airdrop + hidden HYPE S3, this is probably the easiest/cheapest way to do it RN.
@tenorxyz recently launched their MMing bot to the public, and they don’t charge any fees (at least for a month) so the cost to farm volumes is basically the cheapest as it can get (if you don't have your own bot or run DN positions with size)
My average has been around 40-80$ per M, which is pretty good honestly, especially if you only care about Tradexyz volumes. Also, a decent bet to farm overall Hyperliquid volumes while they are quite low, so imo overall not much