Bryan Linton

Software Engineer || Crypto Enthusiast || Urbit ~patbel || smb #3305 || building CourtIQ

[Bryan Linton @bryan_linton]

To be clear, #Bitcoin is a tool for taking back control, individual sovereignty, and not letting other entities slowly and quietly take away the value you’ve created in the world. The price is a manifestation of this idea

[jeff.hl @chameleon_jeff]

Excited to see everyone come together for this historic moment. AQAv2 brings the protocol-aligned stablecoin model that @Nativemarkets trail-blazed to USDC with @Coinbase and @Circle's commitment to Hyperliquid. The community no longer has to choose between liquidity and alignment.

Our industry will face adversity as we continue to grow. It gives me hope seeing titans of the industry come together to build for users and bring all of finance onchain.

[shaunda devens @shaundadevens]

Robinhood vs Hyperliquid Q1 results

Clear cyclical downtrend in crypto trading. Robinhood crypto revenue fell to $134 million (-39.4% QoQ), while Hyperliquid crypto trading revenue fell to $179.7 million (-31.0% QoQ).

Still, Hyperliquid’s crypto revenue was higher than Robinhood’s crypto line, while its RWA revenue grew +454.8% QoQ.

Users also grew 29.6% QoQ to 1.19M, versus Robinhood funded customers up roughly 1.5% QoQ.

HYPE’s discount to TradFi comps has largely been a cyclicality discount on crypto-linked cash flows. But with RWA now >30% of volumes, HIP-4 adding binary outcomes, and revenue volatility already roughly in line with Robinhood through the slowdown, that discount looks less justified.

At $192.3M of Q1 protocol income versus Robinhood’s $346 million of net income, HYPE looks incredibly cheap at a $9.5 billion circulating market cap against HOOD trading at $74 billion.

[jeff.hl @chameleon_jeff]

Thanks @domcooke for spending months on researching and writing this piece. Einstein once said, "If you can't explain it simply, you don't understand it well enough." By that measure, Dom has blown me away with how deeply he came to understand Hyperliquid and what we're all building together.

When someone asks what "housing all of finance" means, I'm proud to point them to this piece. I hope readers appreciate just how much Dom and his team put into their work. It reflects the thoughtful craft that is in Hyperliquid's DNA. Special thanks to @patrick_oshag for taking a bet on Hyperliquid's story.

[Colossus @colossusmag]

This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.

Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.

Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.

Within 3 years, he was running one of the largest anonymous crypto trading firms.

Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.

Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.

Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.

Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.

In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.

[Hyperliquid @HyperliquidX]

Over the past 2 weeks, RWA trading on Hyperliquid has repeatedly broken records, surpassing $1.3B in open interest and $1.4B in weekend volume.

When traditional markets are closed, Hyperliquid is the premier venue for 24/7 price discovery on oil, metals, indices, and other essential assets. This is an important step towards housing all of finance.

[Guthix 🫵 @GuthixHL]

HIP-4 live on testnet with flagship binary options on BTC/HYPE prices

imajin cross margining prediction markets with perp positions using HYPE as collateral

[Bryan Linton @bryan_linton]

Pivoting to Grounds Maintenance

[Andrew Curran @AndrewCurran_]

Striking image from the new Anthropic labor market impact report.

[mert @mert]

the citrini post causing market movements is further proof of a fun truth that's still misunderstood by many

in the short term, everything is a memecoin

that is to say:

-> the internet connected information
-> finance has only recently entered the internet age with crypto, robinhood, and AI
-> in a connected system, the thing that spreads the fastest, dominates
-> memetic narratives spread the fastest (e.g AI doomerism is a meme)
-> in markets, the thing that spreads causes reflexivity, which causes further spread because it validates the meme
-> this leads to increased short-term volatility (see gold/silver trading in the past year)

so your options then:

i) monitor the situation at all times to take advantage of this
ii) become the house
iii) invest only in long-term ideas
iv) set the narrative yourself

[Bryan Linton @bryan_linton]

Accumulating zcash here

[Bryan Linton @bryan_linton]

@Zwxsh Alcaraz would have returned this shot and won the point

[Tobias Reisner @reisnertobias]

Everything will trade on Hyperliquid.

Eventually.

[Bryan Linton @bryan_linton]

@ThinkingUSD Bidet

Eightsleep

Mac Mini with OpenClaw setup

[Flood @ThinkingUSD]

Stop whatever you're doing and spend time understanding everything about Hyperliquid before it's too late.

[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.

[Joe Rogan Podcast News @joeroganhq]

Andrew Huberman: "Someone I really respect said this, 'There are basically two kinds of people in life. Winners and losers.' And the definition is this—losers take things that happen to them... and the wallow and they use it for self or outward destruction."

"Winners take whatever they feel, it sucks, and they transmute it into things that are good for themselves and for the world."

[jeff.hl @chameleon_jeff]

Integrity has always been one of Hyperliquid's core values.

The house of all finance must be credibly neutral. This means no private investors, no market maker deals, and no protocol fees to any company.

The initial state of any blockchain is a crucial part of its story that can never be erased. The original ethos of Bitcoin was a permissionless network accessible to all. Hyperliquid's genesis distribution followed this spirit, going entirely to early users with core contributors excluded. The full distribution is verifiable onchain without obfuscation.

This principle of fairness frustrates a few users and builders who are used to special treatment. It means that Labs has zero tolerance for team members with integrity yellow flags. It means we do things the hard way as a community. But the world deserves a financial system owned by the people, where fairness to all users is in the DNA. Nothing else is worth building.

[Hypercall (by $SYN) @SynapseProtocol]

We’ve been quietly building something new on Hyperliquid.

Here’s a first look at Hypercall - an on-chain options venue for every asset on Hyperliquid.

Over the past 6 months we've been busy building a best in class on-chain options experience

🔊 Sound on

[Eric Weinstein @ericweinstein]

Capitalism and markets work best when a person doesn’t need to be a world class negotiator simply to capture value they themselves created.

Socialism exploits the resentment gap when people feel they cannot figure out how to capture the value they create from their own efforts.

[Bryan Linton @bryan_linton]

@RyanWatkins_ @blockworksres Send it to $100+ expeditiously

[Robinhood @RobinhoodApp]

$HYPE is now available to trade on Robinhood.