Top 3 most Profitable Businesses in crypto : Exchange, Blockchain, and Stablecoin. Hyperliquid is now effectively have it all :
1. Exchange : Hyperliquid perps & Spot.
With HIP-3 will enable anyone to permissionlessly create a perpetual futures market on Hyperliquid’s Core infrastructure, like exotic trading pair markets, and prediction market perpetuals. This turns Hyperliquid from a decentralized exchange into a permissionless financial infrastructure layer.
2. Blockchain : Hyperevm. A smart contract platform
Money markets, Defi, NFT, etc
3. Stablecoin : USDH
There’s about $5.3B USDC sitting on HL. If that fully ported to USDH over time and earns ~4%, that’s roughly $212 millions in incremental revenue. This will make stablecoin business a meaningful bump in revenue which should reflect in HYPE price.
@HyperliquidX has not succeeded until it Houses all of finance.
MAINNET EXPLOSION: What happened & What's next?
It’s been 6 days since the launch, and we’ve already hit:
• $10M+ TVL
• 1.000 on-chain users
• First executed flash loan
The economy on the EVM side is currently driven by users looping HYPE to maximize yields.
Going forward, we will gradually increase supply caps over the coming week. Each increase will be announced in the HyperLend Discord.
Reminder: The first snapshot of our points system will take place on Wednesday. Stay active.
HYPERLIQUID ANNOUNCEMENT
After evidence of suspicious market activity, the validator set convened and voted to delist JELLY perps.
All users apart from flagged addresses will be made whole from the Hyper Foundation. This will be done automatically in the coming days based on onchain data. There is no need to open a ticket. Methodology will be shared in detail in a later announcement.
As with other chains, validators often need to convene to take decisive action as a group to ensure the integrity of the network. It is a priority to enhance robustness and transparency to the voting system.
Note that HLP’s 24 hour pnl as of writing is approximately 700k USDC. Technical improvements will be made, and the network will grow stronger as a result of lessons learned. More details will be shared shortly.
NEW 🚨
Massive drama going down on Hyperliquid involving $JELLY 👇
1.A trader opened a massive $6M short position on JellyJelly (a small coin, ~$20M mcap at the time).
2.This trader deliberately self-liquidated by pumping JellyJelly’s price on-chain. Essentially forcing himself out of the trade.
3.Hyperliquid was left holding the toxic short position, currently at a massive loss (-$10M+ PnL).
4.JellyJelly pumped from ~$10M market cap to $50M+ in under an hour due to the forced squeeze.
5.Hyperliquid could face full liquidation if JellyJelly reaches $150M mcap (currently ~3x away).
Market is watching closely, genuinely wild scenario unfolding live
HLP is seeing a potential death spiral playing out.
- $JELLY needs to hit $700m marketcap to liquidate the entire $250m of HLP
- people start to panic withdraw
- withdrawals decreases required collat
- leads to lower liquidation threshhold to liquidate the entire HLP vault
just need a couple of whales to snipe $10m worth of JELLY to liquidate the entire HLP, this is actually insane.
cz about to list $jelly and end hyperliquid? 😐
DeFi just witnessed a masterclass in chaos.
A trader shorted $JELLY on Hyperliquid, pumped spot to self-liquidate, and left HLP with a -$10M+ bag.
CEXs may be evil, but at least they don’t let you blow yourself up on purpose.
#HyperEVM is live on Fireblocks
Built for speed, security, and institutional #DeFi—this was a highly requested integration, and it’s here.
@HyperliquidX 🚀
Pretty big news for $HYPE, imo. Fireblocks rarely supports new chains this quickly, so the only logical explanation is that it has been requested by numerous big clients. For those who don't know, Fireblocks is the leading MPC provider, and any major entity that values security uses them