Meebs.hl

Investement. Trading. Technology. Nothing original, toxic.

Hyperliquid.

[MONK @defi_monk]

I strongly believe there is a meaningful pool of latent demand for the $HYPE token that remains sidelined for now, but will gradually come off the sidelines over the course of the year:

- New $HYPE buyers waiting for entries who may not have liked the original thesis, but are now sold on HIP-3

- TradFi shops who are paying close attention to Hyperliquid, but are still slow to discover the token

- “Sophisticated Retail” investors who focus mainly on stocks but are on fintwit and reddit and read Citrini.

- Liquid / venture funds who have bags but have yet to size *convincingly* and adopt a multi-year view

- Ppl who have yet to realize that Hyperliquid will also be one of the largest prediction markets

- Hyperliquid Strategies

These forces should be driving a sustainable bid throughout the year while the short term traders do their thing.

The reason some of you may think this is overowned is cause CT is very loud about it. CT is like a few hundred thousand real people.

There’s a whole world outside of CT and crypto liquid funds and this is probably the only new token that will appeal to them.

Also no one I’ve spoken to outside of crypto thinks this should be valued with a median S&P multiple given the potential growth profile lmao. Hilarious that we are midcurving the one killer onchain business the industry has managed to put out.

[Meebs.hl @Meebs_fi]

@HyperliquidNews Is LST like kHYPE works ?

[Cred @CryptoCred]

An obvious but underappreciated fact:

Crypto traders' high volatility tolerance can be a great source of edge

It doesn't feel like it when you're bagholding a shitcoin that's drifting to zero or trading a 2% range with 50x leverage just to feel something

But in the right context, the mental illness we've all acquired is almost certainly helpful

For example:

Normies who passively invest in the stock market start panicking whenever there's a red candle and magically turn into traders at the worst possible time

A small drawdown has people restructuring their entire portfolios even though most of the research basically says "STFU and hold" when it comes to passive investing

But if you've been in crypto long enough and you have a shred of discipline not to day trade your investments (especially outside of crypto) you're probably immune to those same drawdowns that make normies panic

Unfortunately none of us have any money left for passive investing so I'll see you guys in the liquidations feed

[Meebs.hl @Meebs_fi]

@tradeparagon @B33Fbanks @HyperliquidX Hyperliquid

Welcome to the house

[Paragon @tradeparagon]

Introducing Paragon.

We build financial products from front of mind ideas. Starting with tickers every crypto trader already watches.

$BTC.D, $TOTAL2, and $OTHERS are now perpetual futures on @HyperliquidX.

[Lance Roberts @LanceRoberts]

Kind of mind-boggling.

[Kinetiq @Kinetiq_xyz]

https://t.co/OvASwGSL26

[Meebs.hl @Meebs_fi]

@Cbb0fe Indirectly you benefit to token holders.
Hyperliquid

[Meebs.hl @Meebs_fi]

@Kinetiq_xyz @Markets_xyz Kinetiq.

[Kinetiq @Kinetiq_xyz]

sKNTQ | kmHYPE Buybacks are now live.

[s @sershokunin]

There has never been an exchange compatible with every asset class.

When US equities are surging and volume picks up, Nasdaq has a great year. If crypto enters a bull market, Binance and Coinbase volumes 10x. If the Fed is active and rates vol increases, CME has a great quarter.

But the Nasdaq can't monetize flows in Japan. The Tokyo Stock Exchange can't make money off the commodites boom. Coinbase doesn't profit off heightened rates volatility. These exchanges aren't made to support a wide array of asset classes and opportunities. Their revenues are highly cyclical, tied to the underlying markets they serve.

TradeXYZ breaks this mold entirely.

XYZ can create a market for anything near instantly. Equities. Commodities. Rates. FX. There is always something happening in the world.

We're designed to capture idosyncratic moments of volatility in a world where anything can happen on any asset, anywhere, anytime.

The result is a diversified business that isn't long any single asset class or country, but rather long global asset volatility as a whole.

This is the final platform for traders, with deep liquidity for every major market in the world, open 24/7/365.

The universal venue. Powered by Hyperliquid.

Trade everything, trade XYZ.

[Mohamad Safa @mhdksafa]

I don't think people understand the gravity of the situation as the UN is preparing for possible nuclear weapon use in Iran.

This is a picture of Tehran. For you uneducated, untraveled, never-served, warhawks licking your chops at the thought of bombing it. It's not some low population desert. There are families, children, family pets. Regular working class people with dreams. You're sick to want war.

Tehran is a city of nearly 10,000,000 people. Imagine nuking Washington, Berlin, Paris, London, or beyond, bombed with nuclear weapons.

I gave up my diplomatic career to leak this information. I suspended my duties so as not to be part of or a witness to this crime against humanity, in an attempt to prevent a nuclear winter before it is too late.

Yesterday, nearly ten million people protested “No Kings” in the United States. The possibility of the use of nuclear weapons must be taken very seriously. It's dangerous. Act now. Spread this message worldwide. Take the streets. Protest for our humanity and future. Only the people can stop it. History will remember us.

[Nick Research @Nick_Researcher]

➥ Be Hyperliquid

You thought @HyperliquidX | $HYPE was overhyped until you saw it hold 50%+ onchain perps market share for almost a year

- $3T in trading vol, ~$907M rev, ~93% coming from perps
- an 11-person team, no VC backing, pushing close to $1B in free cash flow in a single year
- opened the HIP-3 infra and let others deploy markets…
- suddenly you have third parties driving ~8% of total volume & pulling ~$40M in rev without adding real cost to the core protocol
- pushing into equities, commodities, RWAs on top of that just reduces how dependent they are on crypto cycles
- expand without heavy incentives
- and return value back to users consistently

From my own experience, perps users are the least loyal crowd in crypto

So if they’re not leaving, it usually means the product is just better

> Shout out to @HyperliquidR for the great report <

[Hyperliquid Research Collective (HRC) @HyperliquidR]

Tokenized stocks and ETFs are now live on Felix

On-chain traders no longer have to off-ramp funds to gain exposure to US capital markets.

If you want to understand how @felixprotocol enables large order sizes without significant execution costs, you can read the article below on HRC.

https://t.co/zRx2AZcfEm

[Charlie @0xBroze]

Spot equities are now live

I’ve shared this previously, but when our team began ideating on how to create a way to trade equities fully on-chain, the two issues we determined were most crucial to solve for were 1) optionality and 2) liquidity. Optionally enables on-chain natives to leave their tradfi brokerages behind. Liquidity makes buying these assets fully on-chain actually feasible (no more $100k buy order and 5% slippage)

By building with @OndoFinance and tapping directly into NYSE/NASDAQ liquidity via the RFQ model we’ve implemented, we enable the largest spot equities optionality anywhere onchain today and parity liquidity with what you can get at your off-chain brokerage. No more need to off-ramp, pay insane FX swap costs, etc. This product is by the on-chain native for the on-chain native. Thanks to all the private beta testers who helped with multiple rounds of iteration. Excited for many more

gFelix

[nairolf @0xNairolf]

hyperliquid still has so many catalysts

spot stocks
prediction markets
options
forex
structured products
rwas

it is already one of the best / most complete defi product and the potential is still crazy

[hantengri @hantengri]

while you guys were busy discussing WW3

blast made -$6 in chain revenue in the last 24 hrs

[Four Pillars @FourPillarsFP]

: : Hyperliquid Annual Report 2025

This annual report offers a comprehensive overview of Hyperliquid's 2025 milestones and financial metrics. We believe Hyperliquid represents the most mature example of value accrual this industry has produced — an exchange powering spot and perpetual trading while allocating virtually all revenue to buying back its own token, HYPE.

With its rapid growth, increasing institutionalization through DATs trading on Nasdaq, and distinctive buyback mechanism, we saw a clear need for a TradFi-style annual report that helps investors understand Hyperliquid's financial performance with the transparency and rigor they deserve.

This report is a product of the Hyperliquid Research Collective (HRC), an independent research hub created by GLC Research and Four Pillars to reduce information asymmetry around Hyperliquid. With the support of Hyperion, Hyperliquid Strategies, B-Harvest, and HypurrCollective, we are committed to producing accessible, high-quality research. We are grateful to our sponsors for making this work possible.

Beyond the numbers, this report serves as a written record of a defining chapter in Hyperliquid's story. An eleven-person team generating nearly $1 billion in free cash flow is something that deserves to be documented, not just measured. We hope this first annual report captures the scale and significance of what was built during a truly remarkable year.

Hyperliquid.

[Pashito @PowerPasheur]

HYPERLIQUID : TOUJOURS LE TRADE LE PLUS ÉVIDENT DU CYCLE

1 an, 3 mois et 24 jours que HYPE a vu le jour.

On a survécu au fud sur : les différents exploits & OpSec (Jelly attack), les hackeurs DPRK, la centralisation, les comparaisons avec Luna & FTX, "CEX>DEX personne veut trader on-chain", les HLP drawdowns, le ADL & 10/10, les aster & lighter maxis qui nous ont promis que HL allait se faire flip, evil Jeff, les unlocks, la régulation...

Et pourtant, la HOUSE OF ALL FINANCE est toujours là et commence à mettre tout le monde d'accord. Même les plus gros haters d'il y a un an se servent aujourd'hui du protocole.

On a des actifs TradFi 24/7 onchain, une machine à cash toujours parmi les plus efficaces au monde et un token HYPE qui outperfome le reste du marché crypto.

Aujourd’hui je vous fais l’update complète : pourquoi les enjeux critiques (surtout la régulation) sont définitivement derrière nous, pourquoi HYPE va continuer à surperformer le reste des cryptos, et comment Hyperliquid est en train de devenir exactement ce que certains d'entre nous voyaient déjà à l'époque.

__________________

1. La régulation ? Plus un problème.

Le FUD securities est mort. Il y a encore 6 mois, les sidelinoors criaient « les perps equities c’est des securities, HL va se faire démonter par la SEC ».

Le 17 mars 2026, la SEC elle-même sort une interprétation historique : « Most crypto assets are not themselves securities. »
News qui passe relativement inaperçue compte tenu du contexte actuel, mais l'une des plus importante de ces dernières années. La taxonomie est enfin créée et parfaitement clair.
Wallstreet bave déjà dessus, avec une première demande de Grayscale pour un ETF HYPE.

En parallèle, Hyperliquid a lancé son US Policy Center :
"HPC is a research and advocacy nonprofit focused on advancing a clear path for decentralized finance to thrive in the USA".
Avec une team de fou, un budget de 1M HYPE dédié à la régulation, un vrai lobby, du Congrès américain, du vrai travail de fond pour que les onchain perps et RWA soient traités comme des commodities/infra légitime.

Accumuler du HYPE aujourd'hui ça n'est plus investir dans un petit protocole DeFi early, c'est bet sur le futur de la finance décentralisée et sur une team qui travaille avec les régulateurs pour faire évoluer le monde de la finance tout entier.

__________________

2. La House of All Finance n’est plus une prédiction, c’est la réalité.

Alors que très peu de gens parlaient de HIP-3 à l'époque, je vous disais dans mon post cité ci-dessous : « Avec Unit et HIP-3 on va avoir des tokenized stocks, indices, commodities, etc. »

Aujourd'hui : @tradexyz et S&P Dow Jones Indices ont lancé le premier S&P 500 perpetual officiel sur Hyperliquid. Licensed, réel, 24/7. C'est une putain de dinguerie. Et ça s'arrête pas là.

JPMorgan parle ouvertement des traders qui viennent chercher du 24/7 oil trading sur HL. Bloomberg, Fortune, WSJ tous en cover.

On a du Fiat onramp live (carte + virement direct sur HL). HIP-4 (outcome trading / prediction markets) en testnet, portfolio margin en alpha.

Tradexyz (HIP-3) est passé #3 DEX en OI, derrière HL et Aster, et devant tout les autres DEX du marché. Les builders déploient equities, indices, commodities, pre-IPO…

Hyperliquid surperforme de très loin le reste du marché crypto sur tous les metrics, prend de plus en plus de parts de marché aux CEX et la tendance va certainement continuer au fur et à mesure que de plus en plus de produits TradFi se démocratisent sur la plateforme.

Hyperliquid pour la crypto, c'est à la fois :

1⃣ le meilleur outil d'onboarding (nouveaux utilisateurs qui n'en ont rien à foutre de la crypto qui viennent pour la TradFi avec la simplicité du format DEX / self-custody). Les retail speculators du monde entier veulent du levier simple, 24/7, sans broker de merde. HL est le mieux placé pour ça. Le nombre de perps traders sur HL est en ATH.

2⃣ l'évolution naturelle de la crypto = la plupart des tokens servent à rien, les gens en ont marre des scams & rugs, le marché crypto dans son ensemble est cooked, tous les crypto bros se mettent à la TradFi

3⃣ la consécration d'années de R&D en crypto : ça va être très difficile de faire mieux en termes de tokenomics, TGE, revenue, PMF. Pourquoi utiliser / hold un token inférieur quand Hyperliquid existe ?

__________________

3. Pourquoi HYPE va continuer de surperformer le reste des cryptos (et de loin)

Le protocole est toujours la machine à cash la plus folle de la crypto (business model qui tourne même en bear) : revenus qui explosent avec les nouveaux volumes TradFi → Assistance Fund qui rachète du HYPE tous les jours. Même en bear, l’AF continue d’acheter 1-2M$/jour.

Avec HIP-3/HIP-4 et les flows equities/commodities qui arrivent, on parle de buybacks qui peuvent facilement x3-x5. Les mécanismes qui soutiennent le prix sont toujours là (et même plus forts) : HIP-1/HIP-3 payés en HYPE burn, gas EVM burn, staking obligatoire pour deployers (1M HYPE minimum), écosystème qui achète du HYPE (Unit, Insilico, etc.).
En plus, le HIP-3 est pour le moment toujours en "growth mode" donc avec les fees réduis de 90%

HYPE n’est plus corrélé uniquement au cycle crypto. Il capte maintenant les flows equities, commodities, geopolitics, etc.

Pendant que le reste du marché crypto se fait caca dessus, meurt d'inactivité ou de hacks, Hyperliquid continue de délivrer et de performer.

En bullrun, les récentes annonces auraient certainement propulsé le HYPE à des valorisations aberrantes. Le token mérite beaucoup plus sa place au sommet des top capitalisations crypto que beaucoup des merdes qui dorment dans le top 10. Ça n'est qu'une question de temps.

__________________

Conclusion

La régulation est pliée, les volumes TradFi explosent, la team délivre continuellement c'est du jamais vu, et la machine à cash tourne à plein régime.
Hperliquid est là pour durer. HYPE est un pari sur l’infrastructure financière du futur.

Le token peut évidemment encore baisser. Surtout que pour la première fois depuis le début du buyback, le prix vient d'évoluer de façon décorrélée aux revenus (cf https://t.co/vE6Bs8wsqd, merci @CryptoPicsou) et au reste du marché crypto. Possiblement un petit coup d'inside trading pré-annonces du perps S&P, suivi d'un sell the news. On va peut-être plus bas. Mais on va aussi probablement beaucoup plus haut à terme.

J'ai réellement du mal à concevoir pourquoi quelqu'un qui voudrait s'exposer au marché crypto ne chercherait pas à ajouter une ligne de HYPE dans son pf.

Certains ont le seum d'avoir raté l'airdrop et souhaitent du mal au protocole / aux holders. NGMI.
Certains ont eu peur à cause du FUD à répétition en 2025. Faites du tri dans votre TL.
Certains souhaitent gérer leur risque différement (BTC maxi, shitcoiners qui rêvent d'un x100). Pourquoi pas.
Pour les autres : la House of All Finance est là. Elle s'appelle Hyperliquid.

Accumulez du HYPE dans les prochains mois si vous croyez aux cryptos.
Et merci Jeff @chameleon_jeff.