E95: @HyperliquidX : How to Win in Crypto (By building for users, not VCs)
@chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs, the Company behind Hyperliquid
Hyperliquid is one of the most hyped L1s, includes a decentralized perpetual exchange with more than $1.5 Billion in daily trading volume, and aspires to become "the AWS of Liquidity"
Timestamps
0:00 Intro
2:25 Hyperliquid's Unique Vision
5:32 From Top10 MM to Hyperliquid
9:55 Improving DeFi UX
12:12 Speculation vs. Value
14:02 Is Jeff Autistic?
16:29 Impact
19:26 Hyperliquid Unique VP
21:58 Why Jeff can't retire early
23:25 Building hard things
26:34 Why is Jeff doing Crypto?
31:00 Purpose
33:40 The Hyperliquid Mum's Test
36:02 The Community at the center
42:43 Scams
46:59 Rewarding Real Innovation in Crypto
50:36 The JEFF BEZOS of Crypto MEME
55:40 AWS of Liquidity
59:09 Empires to be built on Builders code
1:02:17 Hyperliquid’s Role in Cryptos Future
1:05:19 Non-Consensus Beliefs
1:07:00 Taking Things Less Personally
Gud stuff for young dudes to do in order to thrive in today's world:
-Mess around with AI as much as you can
-Mess around with crypto as much as you can
-Lift weights
-Sports (climbing, combat sports, surfing, etc)
-Get better at speaking (we all talk out loud way less per day now than in past era's and our collective speaking skills are degrading rapidly)
-Do stuff IRL to boost your Charisma and Wisdom scores
-Be on this app (un-ironically)
-Geek out on all sorts of rabbit holes that pique your curiosity
-Call your mom and grandma they miss you anon
99% of traders will fall victim to this and end up losing a lot if not all their money so let's get this out of the way now before mania is here:
you're going to see your coins go up so much
you're going to form some net worth number in your head and chase it
stop this train of thought immediately
your goal is to walk away with as much as you can this cycle
you need to be ok with whatever that number ends up being
it doesn't matter what number others hit
it doesn't matter what number others want
you're here to improve and change your own life
do not attach yourself to anything
only focus on execution
trading is simply looking in the mirror
those who understand the reflection that looks back at them end up conquering the one thing holding every other trader back:
their own emotions
Where AI Agent Space Stands Right Now PT.3
Another week, another shakeout in the AI agent space. Many agents saw valuations dip 20-50%, bringing prices back to last week’s levels.
Notably:
• Major agents from @virtuals_io like $aixbt, $vader, $luna experienced declines, with $aixbt taking the biggest hit at -40% over the last 7 days.
• Meanwhile, major eco coins like $virtual and $ai16z have shown strength, with $ai16z outperforming at +43% over the same period.
Despite the market turbulence, the AI agent space continues to ship at a rapid pace, with exciting developments across ecosystems as well as individual agents.
AI Agent Ecosystems
Here’s what’s happening on the eco front:
• @ai16zdao: Now powering the majority of Twitter text-based agents via the Eliza framework. Boasting 30,000+ partners and $10M AUM
• @virtuals_io: Moving toward open-source innovation with the G.A.M.E Sandbox. Developers can now tinker with the framework, check out agent “brains,” and experiment—all without needing to launch a token.
• @webisopen: Launched A.S.S @AISweatShop on Arbitrum, leveraging OpenAgent AI Framework and @rss3_’s data layer to create agents on Arb
• @Cod3xOrg: Rolled out @MakeFunBase on Base with custom liquidity, unruggable LPs, and a no-launch-fee structure.
• @CryptoEternalAI: Introduced the first decentralized agent to Solana, letting users create agents via @pumpdotfun or build them from scratch.
• @CreatorBid: Recently launched $BID on @FjordFoundry. The site faced a DDoS attack during the launch, leaving many unable to participate. CreatorBid will release a full statement on what's next soon
AI Agents
Here are some standout agents:
• @NikitaAIBase: Dropped their litepaper and announced a token-gated terminal coming soon.
• @BigTonyXBT: An autonomous trading agent from @Cod3xOrg just launched.
• @realisworlds: Gaining significant mindshare and showing strong price action.
• @KWEEN_SOL: Continues to impress with top-tier cinematography and engaging content.
• $FARTCOIN: Topping the mindshare charts on @cookiedotfun in the last 24 hours. Is @TaikiMaeda2’s Cramer indicator thesis invalid now?
Things I’m Excited About
The next generation of AI agents is shaping up to be a game-changer. Here’s what’s catching my attention:
• On-chain capabilities and DeFi agents.
• Agents that offer more engaging & interactive experiences.
• Gamification of AI Agents.
• Agent-to-agent interactions and swarms.
Specifically:
• @fraxfinance building out agents with the @IQWIKI gigabrain.
• @getaxal with autopilot capabilities (█████ incoming).
• @aixbt_agent’s journey to becoming the ultimate KOL.
• @ARCAgents’ upcoming pipeline, which is set to drop soon.
• @modenetwork continuously shipping new DeFi agents.
• @gizatechxyz’s ARMA and personalized DeFi AI agents.
Top Dashboards to Use
• @cookiedotfun: For an overview of the AI agent space.
• @Decentralisedco: For targeted insights into the Virtuals and Ai16z ecosystems.
What’s the Strategy for Investors?
• Focus on smaller agents with strong fundamentals that are still shipping but have retraced in price. Always cross-check mindshare and engagement metrics before committing—price won't follow for projects that ship but don’t drive attention
• Be cautious though because agent tokens are highly volatile and behave like meme coins. If you can’t monitor the market closely, stick to holding $virtual, $ai16z, and other ecosystem tokens like $zerebro, $bid (soon).
• Be responsible and keep the majority of your portfolio in AI agent ecosystems and infrastructure coins. Use a smaller portion for trading smaller agents.
Personal Note
As always, thanks for reading! Buy when others are fearful, sell when others are euphoric. Stay sharp, stay informed, and be chronologically online in the trenches and you will make it this szn
Good Friday
$RWA and $TSUKI have rabbit holes only the open minded people can see. Perhaps only few could appreciate, like the #GME#teddy Types. IYKYK
First Ai to host a space, set to follow up with another mind blowing one later today. This is IT anons.
$AMC #RoaringKitty $BTC #Solana #memecoin #ArtificialIntelligence
If you haven’t heard already…
@tsukionsolana $TSUKI has created @TheRoaringAI $RWA.
$RWA is an AI agent running a #BasedAI creature with the goal of hitting a $1B MC. This is AI like no one has seen. The agent also appears to be using Grok 3 before it has even been released.
Btw… $TSUKI recently hit an ATH of 24m.
So much higher for $RWA & $TSUKI