Aidin

[Adam May @A_May_MD]

Yeah the United States is going to end JPM, the fed, and throw away its status as having the world’s reserve currency just because some kids got bagged on a measly 30% drawdown on their internet money cult/hobby.

GMAFB. I can’t believe that people are stupid enough to believe this absolute utter nonsense. >300K followers gobbling up this clearly made up bullshit. Disgusting.

[jeff.hl @chameleon_jeff]

Congratulations to @tradexyz, @ventuals, and @felixprotocol on their HIP-3 launches!

It's exciting to see things come together after months of hard work building on the core protocol and deployer sides. Permissionless perp deployments are a massive step in Hyperliquid's journey to house all of finance.

On Hyperliquid, hungry and ambitious builders step up to reinvent core pillars of finance. Perps will bring unprecedented capital efficiency and price discovery to global markets. HIP-3 empowers any builder to upgrade financial markets by leveraging Hyperliquid's battle-tested onchain infrastructure.

Thank you to the builders working to push the frontiers of onchain finance. Thank you to the users for being there from day one with your support.

[Vlad Tenev @vladtenev]

We bring the $HYPE

[Flood @ThinkingUSD]

They're going to start getting desperate

[G | Ethena @gdog97_]

https://t.co/12XGV99VcV

[Aidin @1Airdrop_wizard]

@horndogdothl @kinetiq_xyz Could be the veda earn vault. They have 240m of TVL that has to earn yield

[fejau @fejau_inc]

Imagine bragging about underperforming T bills

[joe @Joe_XBT]

I know that no one here reads docs

but on the off chance

Hyperliquid's trading fees can be found here
https://t.co/zYap3pWFgS

[Citrini @citrini]

@Pasta_Capital @ThinkingUSD hyperliquid pilled me a couple months ago and now HYPE & BTC are the only two crypto assets I own

[flip @trevor_flipper]

Some thoughts on hyperliquid revenues.

At $880m in annualized revenue they have a ~20x P/FCF multiple. Not bad. In fact, some might say "cheap" relative to others. I would agree, but I still largely think fundamentals don't matter a whole lot in crypto (yet) but buying back +2% of the supply already peaks my interest. So lets say fundamentals matter, you could see a 2-3x just from multiple expansion to be on par with peers which I think trade expensive but I do like HOOD.

What really excites me is the spot growth story. We all know about the perp story and builder codes, but what about spot?

From @MessariCrypto's @defi_monk: "In 2024, spot volumes across the top 10 CEXs accounted for approximately 30% of perpetual trading volumes. Given sufficient asset listings and market maker adoption, Hyperliquid could follow a similar trajectory, capturing 20-30% in additional trading volume as its spot market matures and liquidity deepens."

Okay, so we all know about hype's perp platform and great success and how it is +10% of binance perp volumes. Great. What about spot? Well it is, currently, 3.8%...

Hmmm upside potential? I think so. Why? With the launch of @unitxyz on Hyperliquid, users can now deposit native BTC, ETH, SOL, and Fartcoin to Hyperliquid, significantly reducing the friction of bridging USDC to Arbitrum and then Arbitrum to Hyperliquid. I think, as more users use the Hyperliquid perp platform, they will become accustomed to buttery smooth UI/UX and CLOBs. This trading experience is sticky. Instead of bridging off of Hyperliquid to trade spot assets elsewhere, I think users will prefer to stay on hyperliquid.

Okay, so what? Why does this matter? -> Revenues

Hyperliquid spot and perps have the same fee model (0.01% maker, 0.035% taker). If we assume Hyperliquid spot volume can just get to 20% (not the average CEX 30%) of perp volume with an average fee of 0.025%, assuming no growth in perps usage, Hyperliquid would earn an additional ~$122m in annualized revenue pushing Hyperliquid annualized revenues > $1b.

[Wayfinder Foundation 🧭 @AIWayfinder]

Wayfinder AI - it’s the future that you want to be a part of. Create your account and fund your wallet today!

[Aidin @1Airdrop_wizard]

Another 1% of $PROMPT is up for grabs as part of @AIwayfinder's community campaign!

Activate your agent at https://t.co/Gji2iEVIzD & complete the missions to earn 2% allocation for testers and supporting our community!

🔗 https://t.co/y0aA45yUuD

[Hyper Foundation @HyperFND]

The HyperEVM is live. This is a major step toward the vision of housing all finance by bringing general-purpose programmability to Hyperliquid’s performant financial system. The initial mainnet release of the HyperEVM includes:

1. HyperEVM blocks built as part of L1 execution, inheriting all security from HyperBFT consensus.
2. Spot transfers between native spot HYPE and HyperEVM HYPE. As a reminder, HYPE is the native gas token on the HyperEVM.
3. A canonical WHYPE system contract deployed at 0x555...5 for defi applications. The source code can be found at https://t.co/pXmVRNpqov

Effective immediately, the bug bounty program will pay mainnet bounty amounts for reports within the scope of the points above. See https://t.co/KamzgZAYWh for details.

For API and wallet users: the mainnet HyperEVM has chain ID 999. A JSON-RPC server for the mainnet HyperEVM is hosted at https://t.co/BB0W8L4cXp. Node operators and other builders are encouraged to host their own RPC servers.

Tooling and analytics around mainnet HyperEVM may not be polished on day one. However, there are many talented builders working to solve these developer pain points. To help with these efforts, raw HyperEVM block data is streamed realtime to S3 so that running a node is not required to index the HyperEVM. More technical details can be found here: https://t.co/h6GeFo8HIl

General ERC20 native transfers and precompiles will be enabled on a future network upgrade. Any ongoing feedback for these features on testnet is greatly appreciated. While these features are implemented on testnet, the mainnet releases are staggered for minimal disruption to existing users on the L1. The HyperEVM is composable with the L1 state while not affecting the low latency trading experience of existing users.

Thank you to all the builders and users who have shared feedback on testnet so far. It will be exciting to see new applications leveraging and building upon the existing onchain financial system of Hyperliquid.

[Aidin @1Airdrop_wizard]

@DipWheeler @NFAadvisor your playbook

[Kraken @krakenfx]

The future of fartnance is here 💨

Letting it rip on Kraken is as easy as a few clicks

[Kraken @krakenfx]

We have heard the rumblings…

Apparently: Hot air rises 💨

Not silent, but deadly.

The future of fartnance.

[Dip Wheeler @DipWheeler]

Trump just launched a memecoin that went straight to 50B MC on solana and you're trying to tell me the 2nd most prominent memecoin on the same blockchain this cycle has topped because you can count to the number 5.

[plur daddy @plur_daddy]

1. Right now Fartcoin is trading as direct Trump beta but will start to shift into recipient of flows once Trump tops in the near term.

2. New retail onboarding to buy Trump are the types of buyers with a high propensity to be interested in Fartcoin.

3. Fartcoin is an insane attention magnet. Expect to start seeing it mentioned more by the press.

4. Money that has gotten sucked out of animal coins and AI, has now been freed from bagholding, and is now free to rotate into strength like Fartcoin. It is emotionally difficult to exit long-term bagholds, and sometimes it takes a significant catalyst (like Trump launch) to shake it loose.

[jbulltard @jbulltard1]

value investors wasting hours reading a 10-k this weekend while countless fartcoin millionaires are also now trump coin millionaires doing no due diligence