Cryptgeek.

Geek | Researcher | Simplifying Narratives | Curating Alfas | DeFi Maxi | Explorer.

[Nick Research @Nick_Researcher]

➥ @HyperliquidX - Everything Exchange

GTM Thesis = CEX killer → onchain derivatives + prediction mkts

Distribution = Community-first, no VC, HIP-3 RWA perps (S&P 500), HIP-4 Options + Prediction Markets

Monetization = 97% fees → $HYPE buyback/burn, HyperEVM gas

Annualised fees = ~$566M ($1.55M/24h)

P/Fee ratio = $9.8B / $566M ≈ 17.3x - fair for market leader

ETF filings = Grayscale, Bitwise (BHYP, 0.67% fee), 21Shares

170+ HyperEVM projects and running native USDH stablecoin

+EV Insight:
- HIP-4 outcome markets just went live on mainnet, this is the biggest unrepriced catalyst right now
- The first contract hit $2.38M volume on day 1
- If HIP-4 reaches even 10% of HIP-3's traction ($143M OI), it adds ~$56M/yr in additional fee revenue → more buybacks → lower circulating supply
- Layer on ETF approval with Bitwise updated fee schedule April 10 and you have a structural demand shock incoming
- The May 6 with 9.92M HYPE or $405M unlock for core contributors hit well, but no dip-buy event, not a reason to avoid

[Eli5DeFi @Eli5defi]

https://t.co/oQlwuVNdSK

[Cryptgeek. @Cryptgeek_]

@0x99Gohan @EuclidProtocol Smart requirement. Forces real liquidity flow instead of just farming.

[Cryptgeek. @Cryptgeek_]

@WYdaGOAT @Dexsport easy winnn

[Cryptgeek. @Cryptgeek_]

@Mars_DeFi solid thread. the real winners won’t be the best models but ones with the best coordination, payments, and compute layers.

[Cryptgeek. @Cryptgeek_]

@LordOfAlts i wish a send from here but let's see

[Cryptgeek. @Cryptgeek_]

@bricexeth huge! no better ticker than $MEGA

[Cryptgeek. @Cryptgeek_]

@only1mrwhite let's have it

[Cryptgeek. @Cryptgeek_]

@Leon_Defi @HeyElsaAI non-custodial + full simulation + MEV protection before signing is exactly what DeFi needs. This could save a lot of rugs and sandwiches.

[Cryptgeek. @Cryptgeek_]

@jargon_sol oh! thank you for sharing

[Cryptgeek. @Cryptgeek_]

@XNXX_EN i agree it's where tech content heads next

[Cryptgeek. @Cryptgeek_]

@SantoXBT @InsightXnetwork free money + early alpha

[Cryptgeek. @Cryptgeek_]

@omarfade_ interesting to see

[Cryptgeek. @Cryptgeek_]

@Siyamsayem1060 a need! hopefully execution is good

[Cryptgeek. @Cryptgeek_]

@_thespacebyte @worldlibertyfi quietly! bullish

[Cryptgeek. @Cryptgeek_]

@OnlyHades_ Insane luck! One swing of the detector and boom, millionaire. Proof that sometimes the universe just hands you the bag.

[Cryptgeek. @Cryptgeek_]

@IbraTheDabra @StandX_Official StandX stands out fr

[Cryptgeek. @Cryptgeek_]

@XNXX_EN @Web3Arcadia @Portalcoin joining! thank youuuuu

[Cryptgeek. @Cryptgeek_]

@Leon_Defi @RealFinOfficial beautiful approach. hopefully it has price action

[Cryptgeek. @Cryptgeek_]

@AdriansCryptoo @hockeystackHQ crazy one fam