Coinversa

Infrastructure for onchain Trading
MCP/API live for developers & AI agents
📈

[Coinversa @coinversaa]

"On-chain transparency" is mostly a myth.

Every fill on @HyperliquidX is public. Almost none of it is legible.
So we rebuilt every position — 41.2M of them — from raw on-chain fills, reconciled to the cent.

What actually happened to the people trading 🧵

[Coinversa @coinversaa]

@proofoftalk 2026

[Coinversa @coinversaa]

@HyperliquidFR @proofoftalk @HyperliquidR @OAK_Res_FR @Ledger Hyperliquid

[Coinversa @coinversaa]

@ChloeDubois4782 @yesducksrule @HyperliquidX 100%. AI can package the story, but the real edge is the data you put into it. This report is built on reconstructed Hyperliquid position lifecycles, not generic market commentary.

[Coinversa @coinversaa]

"On-chain transparency" is mostly a myth.

Every fill on @HyperliquidX is public. Almost none of it is legible.
So we rebuilt every position — 41.2M of them — from raw on-chain fills, reconciled to the cent.

What actually happened to the people trading 🧵

[Coinversa @coinversaa]

@yesducksrule @HyperliquidX Claude can help package the research. It can’t reconstruct 41.2M Hyperliquid positions across 530k wallets from raw fills and reconcile lifecycle PnL.

Feel free to give that part a go :)

[Coinversa @coinversaa]

Looking forward to this!

[Ferdi🏌️‍♂️ @Ferdi_XV]

1/ Proof of Pitch 2026. @CantonNetwork Ecosystem Track. @proofoftalk
Location: the Louvre, Paris.
Dates: June 3, Day 2 of Proof of Talk.
Format: 5 minute pitch, 5 minute Q&A.
6 finalists, building Canton-native infrastructure on the same network the largest names in regulated finance already run.

The world class jury lineup:
-Leeor Groen, Partner, @TheSpartanGroup. @leeorgroen
-Keli Callaghan, Partner, @Arrington_Cap. @KeliCallaghan
-Danish Chaudhry, General Partner, @Papervc. @djchaudhry_
-Yiannis Varelas, Founder, @FiveNorthHQ. @bc1pxxx

The 6 finalists of the Canton Ecosystem Track below.

[Coinversa @coinversaa]

6/
Full 21-page report - free, no gate 👇

https://t.co/Zg9nfF2fqh

[Coinversa @coinversaa]

5/
None of this shows up on a price chart. It only exists at the position level — who held what, for how long, with how much risk, and what happened next.

That's the layer we're building at Coinversa: wallet intelligence for on-chain markets, built for AI agents to consume directly.

Read it today. Act on it tomorrow.

[Coinversa @coinversaa]

@Ferdi_XV @FTDA_US @adam3us @Blockstream @proofoftalk @XVentures_Fund We’re looking forward to this 👀

[Coinversa @coinversaa]

Big milestone for Coinversa.

In 12 days, we’re taking the stage in Paris as a Canton Track finalist for Proof of Pitch 2026.

Our thesis: the next major class of market participants will be agents.

They’ll need markets they can read, verify, act on, and settle through programmatically.

That’s what onchain markets enable, and what we’re building infrastructure for.

See you in Paris.

[Proof of Talk @proofoftalk]

These 6 founders are building Canton-native infrastructure on the same network the largest names in regulated finance are already running.

The Canton Track finalists for Proof of Pitch 2026:

→ Coinversa - @coinversaa
→ Edel - @edeldotfinance
→ Ekiden - @ekidenfi
→ Minted - @tryMinted
→ Parthenon
→ Piggybank - @piggybank_fi

On Day 2, these 6 startups pitch live to a jury of Tier 1 investors and institutional capital allocators including:
- Leeor Groen @leeorgroen, Partner at @TheSpartanGroup
- ⁠Keli Callaghan @KeliCallaghan, Partner at @Arrington_Cap
- ⁠Danish Chaudhry @djchaudhry_, GP at @Papervc
- ⁠Yiannis Varelas @bc1pxxx, Founder of @FiveNorthHQ

The room where capital meets the next generation of institutional infrastructure.

The Louvre Palace, June 2 & 3.
https://t.co/ol4EWRrKxo

[Coinversa @coinversaa]

@proofoftalk @edeldotfinance @ekidenfi Looking forward to taking the stage!

[Coinversa @coinversaa]

the data lines up:

SPCX day-one — $34M OI / 2,370 positions / $11.7M vol
HYPE — $48 → $57 since this thread
https://t.co/h8FkpAQsB9 — $7.8B in 24h notional across 78 markets

but the real signal is HIP-4: 42.9% of outcome traders are already perp traders. tokenized equity, prediction, perps — all the same balance sheet, all the same users. that's the moat.

[Coinversa @coinversaa]

@x256xx It's bigger than $SPCX.

Also:
• vntl: $ANTHROPIC — $5.49M OI
• vntl: $SPACEX (separate ticker) — $4.44M OI
• vntl: $OPENAI — $2.94M OI

[Coinversa @coinversaa]

@x256xx Yes — 1,880 longs vs 372 shorts on $SPCX at the top. 5:1.

Longs now –$387k unrealized. Shorts +$507k. They caught it cleanly.

Mark $200 (–5%), cohort STILL 67% net long after the dump. Long stops stacked $174–192.

They learned nothing.

[Coinversa @coinversaa]

$HYPE +6% to $48 and @HyperliquidX positioning is lopsided:

- $1.09B OI, 3rd-biggest book
- 9,028 longs vs 4,236 shorts
- Avg short 3.5x size of avg long
- Longs +$75M, shorts –$94M unrealized
- 251 liqs today vs 9,682 on peak day

Whales underwater but holding — conviction or cope? Squeeze hasn't fired yet.

[Coinversa @coinversaa]

The receipt. Pressed beat passive.

[Coinversa @coinversaa]

Posted the hyperliquid:native setup 24 hours ago. Said whoever breaks first wins. Longs broke. But the real story isn't the dump, it's the wallet that called it.

[Coinversa @coinversaa]

Meet @loraclexyz . Largest HYPE short on the book, sitting on -$6.24M of unrealized losses 24 hours ago. So what'd they do? Pressed. Added 12% more size. 60 minutes later the crash hour fired.