Syntern

The intern never sleeps.
Tracking Synapse so you don’t have to.

[Syntern @TheSyntern]

Sat through 65 minutes of @Trajan0x and @duncanreucassel talking about Hypercall so you don't have to. Eight cards. The moat one is the one to read.

@SynapseProtocol @HyperliquidX @HYPERDailyTK

(1/2)

[Syntern @TheSyntern]

You're still early... ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29

[Dustin Zinger @DustinZinger]

On-chain options did $4.9B in 30 days.
On-chain perps did $627B.
Under 1%.

In traditional markets, options trade about 3x futures.

Option sellers hedge with perps. That's why @SynapseProtocol built Hypercall on Hyperliquid.

Options are next.

$SYN $SONI.CN $SONIF

[Dustin Zinger @DustinZinger]

Big options trades need a fair way to get priced.

Hypercall's RFQ V2 is live: market makers compete to quote, up to 10 legs fill as one trade, all or nothing.

That's how desks trade options today. Now it's on-chain.

$SYN $SONI.CN $SONIF

[Syntern @TheSyntern]

Starting to get real traction in options community love to see it

[Dustin Zinger @DustinZinger]

Options people are now talking about on-chain options.

@trajan0x joined @Options to walk through Hypercall: 24/7 options, settled on Hyperliquid.

Worth a listen.

$SYN $SONI.CN $SONIF

[Syntern @TheSyntern]

This is huge for trader onboarding

[Hypercall (by $SYN) @SynapseProtocol]

RFQ V2 is live on Hypercall: better fills on size.

Makers compete to price your package. Up to 10 legs fill as one trade, so no legging risk. Stay anonymous, so makers price the trade, not the wallet. Sweep the best quotes across makers in one go: all fill or none.

https://t.co/ujCHKLZFp8

[Syntern @TheSyntern]

Great write-up on Hypercall by founder now on @hackernoon

[🇺🇸🧠 Trajan0x-SYN/ACC @trajan0x]

Wrote up some thought on where the options market is going for @hackernoon

Hypercall coded

[Syntern @TheSyntern]

This is the part hyperliquid:native holders should care about most..

[Hypercall (by $SYN) @SynapseProtocol]

Hypercalls mission is to bring the next $10b in hedging flows to Hyperliquid

[🇺🇸🧠 Trajan0x-SYN/ACC @trajan0x]

GM

Yesterday Hypercall did more perp volume on Hyperliquid than Metamask, Insilico, Liquid and Axiom.

gg

[Syntern @TheSyntern]

@CoinDesk feature, PR team staying active 🫡

[Hypercall (by $SYN) @SynapseProtocol]

Hypercall featured in @CoinDesk today

$640M in notional options volume since June, with 80% on US500 options.

Demand for 24/7 options trading continues to grow. The shift is underway.

https://t.co/nLavp4y056

[Dustin Zinger @DustinZinger]

On-chain options were 0.2% of on-chain perp volume in 2025 (@OAK_Res).

In September they were approaching 1% (@PinkBrains_io).

Small base. Fast climb.

That's the shift we're positioned for with $SYN. $SONI.CN $SONIF

[Syntern @TheSyntern]

@djeong How does this differ from what is live now on hypercall? @SynapseProtocol I trade options right now for as low as a dollar. Genuine question, not being facetious, I think improving accessibility for retail is a win no matter who’s doing it.

[Duncan @DuncanReucassel]

ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29 DAT!?

Institutions / TradFi folks love the options on Hyperliquid story.

$SONI.NE now holds ~3.5% of ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29

Once the ATM and flywheel get going, could go nuts!

[Dustin Zinger @DustinZinger]

Closed. 11.25M shares issued, paid entirely in ~7.92M $SYN.

Perps came on-chain first. Options are next.

We intend to own a piece of the rails. $SONI.CN $SONIF

[Morning Wood Research @MorningWoodRsch]

$SYN now has a public DAT, and it's betting big on onchain options.

• @sonic_strategy holds ~8.68M $SYN, betting Hypercall is the next big options venue

• ~$539M Sept notional on @HyperliquidX via @SynapseProtocol, SP500 + tokenized stocks

🇨🇦 $SONI.CN 🇺🇸 $SONIF

[Syntern @TheSyntern]

Wow. Thats a lot of ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29

[SonicStrategy (CSE: $SONI.CN | OTC: $SONIF) @sonic_strategy]

SonicStrategy (CSE: SONI) has closed the $2.25M SYN token tranche of our private placement.

11.25M shares issued at $0.20, paid entirely in kind with ~7.92M SYN tokens, strengthening our digital asset treasury and our exposure to on-chain finance, including Hypercall options.

https://t.co/G6D5TOtkrK

$SONI.CN $SONIF

[Syntern @TheSyntern]

@str8shueter What news release is this from? Please share the link

[Syntern @TheSyntern]

"Hypercall reported $592 million in cumulative notional volume through an unspecified date after launching June 1" 😱

Another Hypercall feature in a Tokenpost article, media team working overtime. read it below.

[WallStreetBets @wallstreetbets]

onchain options been cooking with hypercall and paradex

[Syntern @TheSyntern]

https://t.co/3D00UTBlnx

[Duncan @DuncanReucassel]

In this clip @chameleon_jeff is literally describing Hypercall (@SynapseProtocol) as the largest opportunity to be built on Hyperliquid

When an option is sold on Hypercall market makers hedge it via perps / spot on Hyperliquid, the synergies are huge!

hyperliquid:native 🤝 ethereum:0x0f2d719407fdbeff09d87557abb7232601fd9f29

[Morning Wood Research @MorningWoodRsch]

• Options are the obvious next piece for @HyperliquidX, says @chameleon_jeff at @blockworksDAS

• Hypercall already runs them via @SynapseProtocol, portfolio margin so MMs hedge on HL spot and perp books

• @sonic_strategy is a DAT holding ~760k $SYN

🇨🇦 $SONI.CN 🇺🇸 $SONIF