Hyperliquid, through @unitxyz, is also one of the largest markets for $XPL spot trading, with over $650 million in volume.
It’s competing with the biggest CEXs for one of the most anticipated launches of the year and is by far the largest DEX in terms of trading volume.
Hyperliquid.
A common question I’ve heard in Seoul is: what makes Hyperliquid special? I haven't found a way to distill it all into a sentence, but one reason that stood out to me the past few days is the culture of dreaming big and executing, while staying true to the original ethos of defi: integrity, fairness, and transparency. The work is hard, and there are many crucial components to be built. But that’s the beauty of the Hyperliquid community. Builders rise to the challenge and push the frontier of what is possible. I’ve never been more excited to continue building alongside everyone.
Since beginning work on Hyperliquid a few years ago, this was my first time traveling to meet so many community members, and also my first time in Korea. Thank you to @hlh_build organizers @hyperpc_ and @B__Harvest for an incredible hackathon, to @christyhwchoi for the thoughtful fireside chat at KBW, and to @SKYGG_Official/@hypurrcorea, @hypurr_co, and @Hyperliquid_KR for tonight’s community event.
Most of all, thank you to the builders, traders, and community members who give Hyperliquid its soul. I’m blown away by the hospitality, energy, and talent growing every day. There’s a long journey ahead to house all of finance, but it’s good to appreciate how far we’ve come together.
Hybra Hits $2Billion in Total Trading Volume
Our vision from day one has been to become the best DEX on HyperEVM — the public liquidity layer.
We believe that achieving this goal requires what @HyperliquidX has shown: truly innovative product competitiveness, full transparency, and continuous value sharing with the community.
During this time, we have iterated on and delivered several unique features that other DEXes don’t have:
1. Smart Max
2. Trade Page with best rate – routing trades through top HyperEVM aggregators to find the best execution
3. LP Edit / Fees Compound – one-click position editing and fee compounding
4. HyperEVM Degen Card
5. Highest Fees/TVL Ratio on HyperEVM
6. Mobile Trading – in partnership with okto, building Hybra’s mobile experience
On the ecosystem side:
1. We have brought in many Launch Partners to join our launch.
2. Many new projects have chosen to launch on Hybra, and we are building better, more project-friendly tools to support them.
3. We are collaborating with NFT projects in the HyperEVM ecosystem to grow together
What’s next:
1. successful testnet and audit completion
2. most competitive in-house dynamic-fee pools to maximize capital efficiency
3. upgraded and innovative G33 model, built on lessons learned from all previous ve33 successes and failures
Community is the flywheel
Hyperliquid
Sustainable Growth Is Important
Yesterday, we made a decision to lower XP benefits right as we hit an all-time-high in $871k USD daily revenue on builder codes. Today, our daily revenue on builder codes is ~$300k USD. This is a reminder to users of Based that our goal is to ensure all of you turn a healthy PNL when trading. The goal was never to extract value from the space with the use of Builder Fees. We aim to sustainably grow the ecosystem with our trading revenue.
Recently, a post made its rounds about how airdrops are inherently bad. This is not the case. Inflated expectations against mismatched outcomes are what necessitates a bearish outcome for airdrops. We do not wish for this to happen for projects that launch via us. This is why it is important to us that our traders are trading healthily and not aiming to maximise volume for maximum airdrops. Do take the airdrops as a bonus when they come, and you will be suprised by the outcomes.
On a happier note, HyperEVM graduate tokens are now trading around ~70m USDC in daily volume, a 3x of what it is versus yesterday. This is a positive outcome overall as liquidity flows into meaningful projects that not only bring more eyeballs to Hyperliquid, but also creates a virtuous cycle of liquidity seeping into good HyperEVM projects. We aim to do more for such HyperEVM graduate tokens, and have a few plans to do so. Do watch this space.
Stay Based.
Hyperliquid
While the whole HL community was arguing on the timeline, @unitxyz quietly completed integrating $XPL on testnet, a custom integration for a new L1, and is now ready for day-1 $XPL deposits/withdrawals on Hyperliquid.
https://t.co/0KWNA7Z6i6
long degeneracy
noun | /lôŋ də-ˈje-nə-rə-sē/
1. "a belief that the world will only get more degenerate, financialized, speculative, lonely, tribal and weird"
2. as real returns compress, risk increases to compensate
https://t.co/SXrZmVGHTB