Tony Banjaro △

Steering reality to Love & Abundance.
Steering reality away from Fear & Tyranny.

[Tony Banjaro △ @TonyBanjaro]

@reisnertobias It's not an exchange, it's infrastructure.

[Tony Banjaro △ @TonyBanjaro]

@BlankBrainTrade BNB market cap is the target (exchange).

ETH market cap (once critical Infrastructure).

Event horizon beyond that point.

[Tony Banjaro △ @TonyBanjaro]

@ibuyrugs Solid write-up. You're using a TradFi lens.

It's not an exchange. It's financial infrastructure.
It has network effects: liquidity, execution quality, and ecosystem density compounding into dominance.

Why compete when you can get a slice?
This is the future finance model.

[Tony Banjaro △ @TonyBanjaro]

@HYPEconomist If Hyperliquid houses all of finance.
Would that make HYPE the reserve asset of the world?

[Leonidas 🧡 $DOG @LeonidasNFT]

THOUSANDS OF PEOPLE ARE POSTING SCREENSHOTS ON X SHOWING THEY CLOSED THEIR BINANCE ACCOUNT

BINANCE HAD TO HAULT WITHDRAWALS DUE TO THE OUTFLOW

THIS IS EXACTLY HOW THE FTX COLLAPSE STARTED

GET YOUR MONEY OUT OF BINANCE!!!!!!

[Hyperliquid @HyperliquidX]

HyperCore will support outcome trading (HIP-4). Outcomes are fully collateralized contracts that settle within a fixed range. They are a general-purpose primitive that are useful for applications such as prediction markets and bounded options-like instruments. There has been extensive user demand in both of these areas, and builders will likely think of novel applications as well.

Outcomes bring non-linearity, dated contracts, and an alternative form of derivative trading that does not involve leverage or liquidations. The outcome primitive expands the expressivity of HyperCore, while composing with other primitives such as portfolio margin and the HyperEVM.

Outcomes are a work in progress and currently only being tested on testnet. Canonical markets based on objective settlement sources will be deployed once technical development is complete. Canonical markets will be denominated in USDH. Pending user feedback, the infrastructure will be extended to permissionless deployment.

[McKenna @Crypto_McKenna]

Jeff will win because he has honor unlike most of the other entities in this space who have mass extracted due to lack of regulatory oversight and monopolies.

Hyperliquid

[Tony Banjaro △ @TonyBanjaro]

Twitter is to addicting

[Tony Banjaro △ @TonyBanjaro]

@DeFi_GraV @circle Thanks for sharing!

[Andy @andyyy]

I asked the Circle CEO for his Hyperliquid thesis.

His answer was unfathomably bullish...

[Leonidas 🧡 $DOG @LeonidasNFT]

People need to realize that Binance is just a proxy for @cz_binance

CZ owns 90% of Binance

When CZ makes statements like "I don't buy and sell" or "buy and hold" this is the exact opposite of what he (Binance) is actually doing

For the past 8 years Binance (CZ) has been extorting ~10% of the supply of every project via "listing fees"

What do you think happens to those listing fees?

Do you think Binance (CZ) and its cabal of market makers still hold all those tokens?

Of course not

Since they have the insider information that they will list it, they acquire a bunch of a token, pump it with a listing announcement, then dump on our faces

They have run this on repeat for almost a decade

They literally trade against their own users

They can see all of the positions of their users then they use that information to exploit them and wipe out their balances

It is all methodical and intentional and has made CZ the 23rd richest person alive

The cherry on top is that CZ presents himself as an unaware, naive founder who is just trying to figure out what is going on

But in reality he knows exactly what is going on because he is the one who did it!

[Based Money Lich King 💀 @BasedMoneyLich]

Hyper Liquid taking off and turning it around for crypto would be a huge net positive for the space. It's innovative, it makes a ton of money, the token is aligned with holders, & Binance has zero involvement with it. I'm rooting for @HyperliquidX and you should be too.

[Tony Banjaro △ @TonyBanjaro]

@HYPEconomist @WatcherGuru There’s already a big push to boost competitiveness after the Trump shock. Look I pay plenty of tax, but it buys stability, infrastructure, healthcare, and decent lives for all. Welfare isn’t the problem either, good design de-risks, keeps people healthy, and boosts productivity.

[Tony Banjaro △ @TonyBanjaro]

@Hyperliquid_Hub Very satisfying to watch as well!

https://t.co/IASWYn5BDf

[Tony Banjaro △ @TonyBanjaro]

@HYPEconomist @WatcherGuru Hi champ! Pressure is a good thing. Yes energy is expensive, but that’s exactly what forces innovation. Here in NL: little space, nitrogen caps, no all season climate, high labour costs, small home market. Yet #2 in ag exports after the US. You only become stronger.

[Tony Banjaro △ @TonyBanjaro]

@HYPEconomist @WatcherGuru Europe here, EU downfall is overhyped.

GL

[jeff.hl @chameleon_jeff]

Hyperliquid has quietly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for side by side comparison of BTC perps on Binance (left) and Hyperliquid (right).

With HIP-3 teams leading the way, Hyperliquid has also grown to become the most liquid venue for perps on tradfi assets. Thank you to everyone's hard work as we upgrade the financial system and house all of finance.

[vids that go hard @vidsthatgohard]

This aged like fine wine

[Hyperliquid @HyperliquidX]

Hyperliquid today looks very different from Hyperliquid a year ago. This time last year, the HyperEVM hadn’t even launched, and there were only a handful of early believers building exclusively on Hyperliquid. Now, there are hundreds of teams building, dozens of regional communities with local events, and trillions more in volume traded.

This was achieved without any external funding and giving all protocol fees to the community. Hyperliquid was built with a strong belief in returning to the core ethos of crypto  -  changing entrenched and predatory practices to be fair and permissionless.

This art piece is meant to celebrate Hyperliquid’s growing ecosystem and commemorate how far we’ve come as a community in building the house of all finance. You’ll find many of your favorite apps and teams interwoven in the piece if you zoom in. A special thank you to @Degen_Alfie for bringing the community to life. Many great teams didn’t make it due to limited space and time, but your contributions have not gone unnoticed!

Notable product and tech releases in 2025 included:
+ HyperEVM launch with HyperCore composability via precompiles and CoreWriter
+ Spot assets bridged by Unit
+ Fully permissionless validator set
+ Native utility to staking, with fee discounts for traders and permissionless HyperCore deployment capabilities for builders
+ Permissionless spot quote assets
+ Hypurr NFTs
+ USDH governance vote and launch by Native Markets
+ HIP-3 permissionless perp deployment
+ Native USDC integration
+ Portfolio margin pre-alpha launch
+ Assistance Fund HYPE officially burned

Compared to 2024, ATHs in 2025 reached:
+ $32B in 24h volume from $15B in 2024
+ $16B in open interest from $4B
+ $6B in TVL from $2B
+ $20M in 24h protocol revenue from $3.5M
+ 1.4M users from 300k

Excited to see what the ecosystem looks like another year from now. Thank you to all the builders, users, and supporters who have come together to push forward Hyperliquid’s vision.

[Henrik @Henrik_on_HL]

What’s the reason for $HYPE’s underperformance?