Monet Capital

order book participant || harvard cs, fmr citsec janitor

[Monet Capital @CapitalMonet]

bottom.

[Tarded Degen Gambler @0xTDG]

Not kidding just sold all hype at 9.5$ I can’t take it anymore 3.5k$ left lol

[Monet Capital @CapitalMonet]

Sell in May and walk away.

[Monet Capital @CapitalMonet]

If there's any project that will do another airdrop, it's Hyperliquid.

If there's any project that won't do an airdrop, it's Polymarket.

[Monet Capital @CapitalMonet]

Polygone.

[pranayy @pronoy]

when @Polymarket will migrate from polygon chain, what will we call it then?

[Monet Capital @CapitalMonet]

Building a perps product is really, really hard... and Polymarket doesn't really have the technical team to pull it off

Polymarket should focus on the prediction market first

[Monet Capital @CapitalMonet]

i don't have strong view on whether $HYPE can become worth $500B some day, but through simple process-of-elimination in terms of founder potential, jeff is maybe one of two/three that could actually pull it off

[Monet Capital @CapitalMonet]

it seems like most VCs think $HYPE is expensive, meanwhile most holders think $HYPE is cheap

[Monet Capital @CapitalMonet]

It's crazy how much Jeff mogs Vitalik in every single way.

[Lighter @Lighter_xyz]

We've partnered with Wallet in Telegram to bring a native perps trading experience directly to their app.

Builders and apps can integrate perps and spot seamlessly — the Partner Attribution program is open to anyone ready to build! 🕯️

[Monet Capital @CapitalMonet]

We are in a bear market. More speakers than attendees.

[Evan Solomon @Evanzsolomon]

Live at @PennBlockchain conf

@evanbfish — Portal Ventures
Cynthia Lo Bessette — Fidelity Digital Assets
Ben Slocum — UPenn Endowment

[Monet Capital @CapitalMonet]

Gambling is exclusively a pre-UBI concept.

[Monet Capital @CapitalMonet]

polymarket is the new polygon

paying hundreds of millions for partnerships that don't necessarily improve long-term moats

[Lighter @Lighter_xyz]

Partner Attribution is now live! Integrators that build on Lighter can monetize via configurable fees of up to 10 bps.

We're already working with external teams leveraging this infra, with several partnerships to be announced soon.

More details:
https://t.co/hsqQbOYL6T

[Monet Capital @CapitalMonet]

If everyone owned Hyperliquid, it wouldn’t be equivalent to the 701st most valuable asset in the world.

Lots of room to climb.

[Arjun @clipsofcrypto]

Noah Goldberg from Theia Research on why Hyperliquid is probably overvalued at $15-20B

"Everybody in crypto has plowed their capital into it. It's a very crowded trade"

"There isn't anybody that's really properly assessing the probabilities of failure versus everybody anchoring towards what is the success case"

"This company is clearly over-earning if history is going to hold true for the future. The multiple you should be willing to pay for this business can't be that high because its margins are going to be hard to defend in one form or another"

"People can anchor themselves to a price to earnings ratio, but in reality it's a price to sales ratio and that has very different implications"

[Monet Capital @CapitalMonet]

23 out of the top 30 traded assets on Hyperliquid are real world assets.

Hyperliquid is not crypto exchange, it is an exchange for everything.

[Monet Capital @CapitalMonet]

Hyperliquid is not competing with Nasdaq, it is competing with every single global web2 exchange infra provider, and the total market cap of these companies is $800 billion

now add all the brokers and banks in there too because HL has a stick front-end

trillions

[Monet Capital @CapitalMonet]

The worst thing Polymarket could do for its valuation is launch a token

[Monet Capital @CapitalMonet]

There is a huge difference between a no-kyc Binance and a no-kyc Hyperliquid

it's up to you to be optimistic that regulators will recognize this

[Monet Capital @CapitalMonet]

tradfi incumbents build closed-ended businesses

onchain disrupters build open-ended marketplaces

the latter will win, whether it's crypto perps, equity perps, tokenization, or any other defi category

[Monet Capital @CapitalMonet]

people who think no kyc is the only moat for onchain perps are missing the forest for the trees

onchain perps are more efficient, open, faster, composable, and global

[Monet Capital @CapitalMonet]

Hyperliquid remains undervalued so long as its market cap is under Solana's (~6.25x away)

longing HYPE, or shorting SOL, or both, all feel intuitive