Maybe it’s time to start pointing out that Hyperliquid has consistently generated $2.7M in daily revenue (on avg) over the past 30d:
> with no active points season
> despite multiple zero-fees competitors running aggressive incentive programs
> and in a market that’s seen materially lower perps volumes and degraded trust since 10/10.
Hyperliquid’s open interest has also been increasing again relative to CEXs over the past few days. If anything, the persistence of both revenue and OI points to something structural, not cyclical. And most importantly, the fee capture reflects real trading activity, not rebated wash volume.
Hyperliquid
Insilico Terminal Podcast Episode 15 (Special in Person Episode for Day 18 of the Advent Calendar 🎄) - @satsdart
00:00 Inro, discovering Bitcoin YouTube during COVID, and the initial transition into crypto, navigating the "up only" phase of the bull run.
10:15 Getting zeroed in May 2021, rebuilding via strict Excel tracking, and the stories of Snowbank and Snowdog.
15:50 Why sharing trades publicly shifted from community building to extraction, and the pressure of managing followers' expectations.
20:30 Witnessing the FTX collapse while with other traders in Lisbon, and finding opportunity in peak fear.
25:00 Why 70% of his profits come from Bitcoin perps, utilizing seasonality, and why ETH has failed as a hedging instrument.
32:15 A look at the current state of on-chain perp DEXs, and why centralized exchanges still offer a superior edge.
36:00 The current "boring" state of the market, the Solana vs. Ethereum dynamic, and avoiding the "all-in" mentality during chop.
41:20 Staying grounded despite wealth, the importance of self-judgment over judging others, and the necessity of actually taking profits.
Are people really expecting heavy dumps from the Hyperliquid team? I don’t get the FUD. The team literally turned down OTC offers from people I know. If they wanted to dump, they’d have taken the easy money. The narrative makes zero sense imo.
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Hyperliquid
2-3 streams daily means 2-3 gambling sessions on duel means 2-3 chances at running up some shekels means 2-3 chances of sending solana to pump fun
let me cook
btc went from 69k down to 16k
and then 16k to 125k
and now it's down some at 85k and all of a sudden btc is an existential failed experiment
you all signed up to trade the most volatile assets on earth...it's time to embrace some of that volatility
(still think we go lower, and no this is not the same pain as covid imo, it's been relatively easy to just not long a trend change)
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