WIZZY (not your financial advisor)

Accumulating what you'll ape into later 🔮

[WIZZY (not your financial advisor) @0x_Wizzy]

So, $BTC just did the classic vertical pump.

Now look at the liquidation heatmap.

There’s a thick cluster of long liquidations sitting in the 60-65k zone.

MMs and larger players don’t like leaving that much liquidity on the table. They’ll usually push price down to clear it before letting the next leg run.

I’m not fkn chasing this green candle!

Watching for entries bellow 60k if they come hunting. Could take some time.

[WIZZY (not your financial advisor) @0x_Wizzy]

@CryptoWizardd price goes up and everyone remembers they have an account

[WIZZY (not your financial advisor) @0x_Wizzy]

Timeline can’t stay off $HYPE.

Every rotation still dies back into it.

That’s usually the tell.

[WIZZY (not your financial advisor) @0x_Wizzy]

@Atitty Mazal

[WIZZY (not your financial advisor) @0x_Wizzy]

@Booksey Say less

[WIZZY (not your financial advisor) @0x_Wizzy]

@FabiusDefi Buckle up 🍿

[WIZZY (not your financial advisor) @0x_Wizzy]

So, $BTC just did the classic vertical pump.

Now look at the liquidation heatmap.

There’s a thick cluster of long liquidations sitting in the 60-65k zone.

MMs and larger players don’t like leaving that much liquidity on the table. They’ll usually push price down to clear it before letting the next leg run.

I’m not fkn chasing this green candle!

Watching for entries bellow 60k if they come hunting. Could take some time.

[Eli5DeFi @Eli5defi]

I think $HYPE is the easiest trade across any timeframe.

The reason is simple.

On August 26, Aligned Quote Asset v2 (AQAv2) will be activated. That means:

~90% of the cost-adjusted reserve yield on every USDC deposited on the platform will start flowing to the Assistance Fund, which buys $HYPE on the open market and burns it.

—

➥ But why is this important?

@HyperliquidX’s buyback engine has one flaw: it runs entirely on trading fees. That worked beautifully, until HIP-3 arrived.

Builder-deployed markets were 2% of perp volume at the start of 2026. They’re now roughly half of it, and those builders keep up to 50% of the fees on the markets they deploy.

Gross protocol revenue by quarter:

- Q3 2025: $357M
- Q4 2025: $295M
- Q1 2026: $217M
- Q2 2026: $202M

Down 43% from the peak, even as open interest hit ~$11B (July 13) and 30-day perp volume reached $178B.

The revenue drop was then 'exacerbated' by AQAv1.

AQAv1 is a stablecoin implementation built exclusively for Hyperliquid, where the issuer shared 50% of the AQA rate in exchange for fee discounts and rebate perks. $USDH from @nativemarkets was the flagship example.

Simply put, AQAv1 cost Hyperliquid money to run:

The v1 perks were 20% lower taker fees and 50% better maker rebates on aligned pairs. Those discounts came out of the exact same fee pool that funds the Assistance Fund buyback. So AQAv1 was: give up trading revenue to gain stablecoin revenue.

This creates a dilemma: more users, more volume, less revenue. It looks good in the stats, but not for the protocols.

That is until @coinbase and @circle come into the play and AQAv2 sets in motion.

—

➥ How AQAv2 works in practice?

Flow:

USDC → Coinbase treasury → reserve yield → cost adjustment → ~90% to system interest address → Assistance Fund → market-buy $HYPE → burn

Cycles start on activation: accrual starts Aug 26, 2026; first payment Oct 3, 2026; then about every 30 days

Both deployers stake 500k HYPE each, slashable. If the system interest address has insufficient balance when payment is due, the treasury deployer's stake gets slashed at 2% per day.

Neither party can walk away without 6 months minimum notice, and the stake stays slashable for that entire window.

Equity analysts put the combined EBITDA hit to both companies at $60M to $80M annually.

They accepted that to keep USDC as the dominant quote asset on HL.

—

➥ The Number

AQAv2 puts the run rate between ~$135M and $200M+ per year, with the full breakdown captured in the infographic tables.

Meanwhile, by mid-2026 the Assistance Fund had already put more than $1.3B to work and effectively taken about 44.5M $HYPE out of circulation.

AQAv2 adds an additional, market-agnostic cashflow, roughly equivalent to an entire quarter of peak-cycle trading revenue every year, that is independent of trading volume.

Hyperliquid is about to start collecting rent from the largest stablecoin issuer in the industry. AQAv2 does not patch the hole HIP-3 opened in the bucket; it opens a second tap.

Hyperliquid.

[Damian @damian173_]

Me after Placing a trade

[WIZZY (not your financial advisor) @0x_Wizzy]

$LAB claims are officially live 🧪

Who already claimed theirs?

You can finally claim your allocation now - curious to see what everyone got.

Drop yours below ^^

[LAB @LABtrade_]

$LAB claims are now live

Your LAB activity has been building toward this

Claim here: https://t.co/MzvO3aLNJn

Before you connect your wallet, there are a couple of things to know 🧵

[WIZZY (not your financial advisor) @0x_Wizzy]

@LABtrade_ lets gooo 🔥

[WIZZY (not your financial advisor) @0x_Wizzy]

@thsottiaux pls dont bring the 5h limits back 🙏🏽

[WIZZY (not your financial advisor) @0x_Wizzy]

@LABtrade_ 😍

[WIZZY (not your financial advisor) @0x_Wizzy]

@MobiusExchange @HyperliquidX lfgg 💕

[MöB @MOB_Exchange_]

HIP-3 may need Unified Margin to truly scale

HIP-3 is quickly becoming one of the biggest growth stories on @HyperliquidX. HIP-3 markets now account for roughly 35–45% of total volume, with cumulative volume already surpassing $300B

More builders are launching new markets every month.

At first glance, this looks like a resounding success.

But success at this scale is creating a new, deeper challenge.

In TradFi, when financial products exploded through stock futures, index futures, commodities, and options, the industry did not solve the problem by building more exchanges.

It solved it through Prime Brokers, a unified layer that allowed traders to access hundreds of products through a single margin account.

It is the core thesis behind Mobius.

Hyperliquid's HIP-3 is beginning to follow a similar path.

[WIZZY (not your financial advisor) @0x_Wizzy]

If the market left your wallet dry, there's a $3k bounty by @DeFiSaver that might help you out 👇

They're looking specifically for Hyperliquid takes 👀

Send an idea to make your trading life easier and you might win $200 USDC if the idea get shipped ^^

[DeFi Saver @DeFiSaver]

We want your Hyperliquid takes.

We’re putting 3,000 USDC behind a Hyperliquid Feedback Bounty. Tell us what would make your life easier, and for every idea we ship, you get 200 USDC.

[WIZZY (not your financial advisor) @0x_Wizzy]

TGE of $RE right behind the corner and you're afraid of the bear market?

Foooool

A new era of DeFi is upon us, preach for safe and consistent real-world yield on @re 🙏

[Re @re]

RE TGE is coming soon.

A new era for the internet native insurance capital market begins.

More details here:
https://t.co/GG2gNe09hQ

[WIZZY (not your financial advisor) @0x_Wizzy]

The @NEARProtocol has expanded to AI first, and now privacy now

They want to conquer the whole cryptoverse? 🤺

$NEAR is greencandlemaxxing these days and the TVL is following

Some good DeFi yield opportunities might be found in here if you look closely 🔍

[WIZZY (not your financial advisor) @0x_Wizzy]

Still the undefeated token of this cycle, $HYPE runs it back turbo to $48 while everything else enjoys their bear market

TVL preparing for another launch up here as hundreds of protocols builds on top of it

Are you farming some of the @HyperliquidX ecosystem airdrops?

[WIZZY (not your financial advisor) @0x_Wizzy]

The US are opening up to more tokenized stocks

RWA szn? 😼

Many perp DEXs offering stocks and commodities are enjoying a good volume szn, and would you look at that 👇

$ONDO is also pumping back up ^^

[WIZZY (not your financial advisor) @0x_Wizzy]

The world conquest of @HyperliquidX is still going on 👀

Expanding to Phantom was definitely a good choice: they've reached $20M in builder code revenue in about 1 year

That means loads of ppl are actually trading on hyperliquid directly from the wallet