The WSJ article on hyperliquid is a good overview. The world will be quickly moving to efficient low cost 24-7 trading of real world financial assets not just crypto assets. The liquidity is moving to decentralized exchanges and away from more costly centralized exchanges .
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.
Hyperliquid, a decentralized crypto platform, is open 24 hours a day, seven days a week. The exchange has emerged this year as a go-to spot for Wall Street’s weekend warriors. https://t.co/3RFisC8oso
Hyperliquid
A DeFi platform built on perpetual futures, now rivaling traditional exchanges.
Spot, futures, and outcome markets in one place.
US access could be the next catalyst for $HYPE
Read the full article from @LowBeta on the Stack: https://t.co/uQEUE3w35R
1st spaces ever with @chameleon_jeff
recorded Jan 6th 2023, when Hyperliquid was in testnet
00:00 Banter
07:35 Jeff introduces himself as HL founder, background in market making
11:08 FTX implosion was the defining moment to build trustless platform
13:40 Why order books over AMMs and hybrid models like GMX
19:13 Key differentiator: entire order book runs on-chain, not centralized servers
22:43 Decision to build Hyperliquid chain on Tendermint after trading comp
33:47 Introducing vaults and pools for community-managed liquidity strategies
49:58 Mainnet timeline: testnet in January, closed alpha in February