Goldfish

just a fish on a journey to become a whale

[Telaga @_Telaga_]

Over the last 7 days on Hyperliquid, @NestExchange has become the top revenue generating protocol, bar the chain itself 🦾

[Telaga @_Telaga_]

Another @CryptoHayes special.

Some things never change.

What has changed is the size of the @NestExchange HYPE Engine buyback:

$48,000 starting now and until Monday 🛫

[⚔️ Mojo.ink 🔴 @mastermojo83]

The future of DeFi isn't "hold and hope."

It's "earn while the protocol buys your bags."

@NestExchange HEV is the first true autonomous buyback engine:

Users trade → $273K this week in fees
23% flows to HEV → $63K weekly buybacks
$NEST distributed to stakers
Stakers lock → supply squeeze
Supply squeeze → price appreciation

The kicker? $NEST trades at 0.99x revenue while generating $7.59M annually (will be higher when HyperEVM flips @solana)

Nest Q2 revenue alone: $707K — 4.5x Q1's $157K

The HEV doesn't care about your FUD. It just keeps buying.

Welcome to sustainable DeFi. 🍻

https://t.co/2CCjLooffj

[Goldfish @Defi_Goldfish]

MARKET NUKES -> HYPE STAYS STRONG -> MONEY FLOWS INTO HYPEREVM

BEST PLAY? $NEST
STUDY STRENGTH

HYPERLIQUID

$NEST $HYPE

[MB 🦇🔊 @mathburn666]

Another example as to why, even given recent significant increase in $NEST prices, the fundamentals are still sound

Current epoch, $248k was distributed to veNEST holders

mcap of locked tokens is $51m (58.7 - 7.7)

Annualizing the current epoch rewards (i.e. assuming no growth), you get $12.9m

$12.9m / $51m = 25% APR (aero closer to 16% right now)

[Mr. Butler.hl @MrButlerhl]

Ok frendos. The EVM is starting to get interesting and the Hunger Games are beginning.

@NestExchange was already surprising me, but if this lasts much longer, things could get pretty crazy.

Current setup:

- $5.5k deposited in WHYPE/USDC LPs
- 31.8k $NEST locked in HEV (~$1.1k)

Current projected income:

- $790/week ($670 from LP rewards, $82 from HYPE emissions, $8 from voting rewards)
- $3.4k/month ( $2.9k LP, $355 HYPE emissions, $33 voting rewards)
- $41k/year ( $35k LP, $4.3k HYPE emissions, $400 voting rewards)

On a total capital base of roughly 6.6k.

Obviously yields will compress.
But HyperEVM DeFi is the first thing in a long time that genuinely feels early

[⚔️ Mojo.ink 🔴 @mastermojo83]

@NestExchange buyback mechanism is pure genius:

Every week, the HYPE Emissions Vault (HEV) auto-compounds rewards into $NEST buybacks

The numbers are INSANE:

Weekly revenue: $273K (this week)
HEV buyback allocation: ~23%
$63K this week in organic buybacks (start tomorrow and end Monday)
$3.26M annually in forced demand (if keeping same fees, I project this will be higher though)
→ More trading fees = more buybacks
→ More buybacks = more veNEST locked
→ More veNEST = higher yields
→ Higher yields = more TVL ($23M and climbing)
→ More TVL = more fees

It's a perpetual demand machine 🔥

At $7.56M market cap with $7.59M annualized revenue, $NEST is trading at 0.99x P/S ratio.

The flywheel is accelerating 💎

[Grayscale @Grayscale]

1/ $HYPE is one of the clearest examples of DeFi competing with centralized exchanges on product and economics, not just ideology

Can an onchain exchange become one of the major venues for global trading?

A thread on @HyperliquidX 🧵

[MB 🦇🔊 @mathburn666]

What is pretty remarkable with $NEST right now is how much supply is getting locked, while price of $NEST is making ATHs after ATHs

For current epoch, roughly 75% of emissions have been bought back and locked

Over the past 7 epochs, amount of newly locked supply have exceeded the amount of newly issued $NEST tokens by about 78m (roughly 3.5x one epoch of supply)

Most aligned Hype MetaDex on HyperEVM

Hyperliquid

$HYPE 🤝 $NEST

[ryandcrypto @ryandcrypto]

hyperliquid revenue is increasing

$4,000,000 in buybacks and burns past 24 hours

hyperliquid makes money -> uses money to buyback and burn $hype -> price go up -> more people trade

true alignment with token holders

hyperliquid

[MB 🦇🔊 @mathburn666]

The $NEST flywheel is in motion

MetaDEXes return, when chain TVL is expected to grow significantly (which one can assume here with all the attention going to $HYPE), can be life changing

Buy on dips, provide LP to earn some $NEST, but don't let this opportunity slip imo...

[Grayscale @Grayscale]

Grayscale Hyperliquid Staking ETF (Ticker: $HYPG) is now trading. The $HYPE ETP with the lowest gross management fee in the U.S.¹ and staking, in your brokerage account today.

Why $HYPE?

→ $HYPE is the crypto asset powering 24/7 markets
→ $HYPE captures value from @HyperliquidX’s $2.99T in perpetual trading volume²
→ 99% of @HyperliquidX fees go back to the protocol via buybacks³

$HYPE exposure from Grayscale, the world’s largest crypto-focused asset manager⁴

Hyperliquid.

[PG👁️⃤ @psychgeeky]

starting the day with $NEST at ath and 21m TVL.

capital is flowing in, traders are locking $NEST to earn weekly hyperliquid:native and trading activity continues to scale with more than 1B in cumulative volume.

liquidity is growing, revenue is growing, and the ecosystem keeps getting stronger.

[Turtle (𝔦, 𝔦) @turtleonchain]

Update 🪺

$HYPE x $NEST

Top blast season at HyperEVM

Hyperliquid

[ReaperChicken.hl @HoodieChicken]

currently the two biggest hyperEVM DEXes by TVL are @prjx_hl and @NestExchange

historically, i've probably done 90%+ of my volume on @prjx_hl but am curious about the nest model

so, i deposited 10 $HYPE and $1,000 into both apps in the $65.50 - $77.50 range earlier today to track the results

8.5 hours later and i have the first update

with some MAJOR caveats

with @prjx_hl, you claim fees from both tokens. in this case, my payout is in $HYPE and @USDC

simple enough

with @NestExchange, you claim the $nest token

and the price of the $nest token ... varies

as i'm writing this right now, the price is $0.02321

so that makes things ... more complicated and higher variance

anyways - much more later ...

[Grayscale @Grayscale]

Grayscale Hyperliquid Staking ETF (Ticker: $HYPG), the $HYPE ETP with the lowest gross management fee in the U.S.¹, starts trading tomorrow.

$HYPE is the asset powering 24/7 onchain markets, with @HyperliquidX driving trillions in perpetual trading volume²

Direct $HYPE exposure and staking. In your brokerage account tomorrow.

Hyperliquid.

[Sarcastinator.hl @Not_A_De_Gen]

there are some very interesting things to notice as well:
> nest is doing roughly $7m annualized holders revenue on only ~$19.5m tvl

> project x is doing about $5.13m annualized revenue on ~$46m tvl

> nest is already extracting more tokenholder value with less than half the capital base

> if nest simply got to prj x size and kept the same revenue density, the run-rate to veNEST lockers would not be $7m anymore, it would be closer to ~$16.5m annualized

> at roughly $70 per HYPE, that is the difference between buying around ~100k HYPE/year for lockers at today’s pace and something closer to ~236k HYPE/year if nest scaled to the same tvl while preserving the current loop

> and because circulating $NEST is still relatively tight versus the fully diluted number, that extra flow does not just mean bigger HYPE drops, it also gives the market a much easier narrative to push price higher if tvl and fee throughput keep compounding together

[Keisan.hl @Keisan_Crypto]

Grayscale ETF tomorrow?

Hyperliquid

[Goldfish @Defi_Goldfish]

@_Telaga_ Hyperliquid

[Telaga @_Telaga_]

https://t.co/Tw5FELos9F