hyperliquid update #4 [$37]
- will try to keep all thoughts on this coin here as I did w/ the solana thread as believe this will be leading beta to bitcoin if crypto continues to do well this year
- first alt to reclaim ATHs and 4x off bottom from tariffs panic
- was expecting pullback sub $30 & has gotten frontrun so far, maintaining bullish bias as long as $25-30 holds which is also ideal spot to pickup spot bags
- feels like a lot of ppl sidelined here as majority of activity & focus has been on solana past two years & has been difficult to buy $HYPE for retail - just this week spot listing on Binance US but still no spot on Coinbase or Robinhood
metrics to track to confirm/break thesis
- continued growth against CEX volumes, DEX vs. CEX perps % market share
- continued dominance of decentralized perps landscape, currently ~80%
- success/failure of hyperEVM & new apps building there, want to see influx of new activity outside of just perps [https://t.co/PowFLNx8iJ]
- ability of hyperliquid to add additional markets outside of just core perpetuals, like spot markets through @unitxyz
- usage of HIP-3 to allow other builder-deployed perps https://t.co/BW7wvY06ak
- main differentiator for me w/ hyperliquid is that the core business is enshrined within the L1, with all other dominant L1s they leak a lot of revenue from the activity on their chain to the applications built on top - @ThinkingUsd has commented on this the most on here https://t.co/c1FMnTc7SA
current invalidation for maintaining uptrend around yearly open ~$24
comparisons to other repricings that have happened past few years in crypto [https://t.co/NDQmMlILnb]
https://t.co/4HUSKGhgcv
dickstr burned 4% of supply in one week. punkstr sits at $150m with 19 cryptopunks backing it. birbstr proved the model burning 0.18% supply from one moonbird sale. these aren't reflection tokens. trading fees buy nfts, nft purchases trigger permanent burns. watch weekly burn rates above 0.5% for entry, below that for exit
This is the most bullish thing on crypto Iโve read in a long term
The U.S. SEC is telling the world that theyโre about to move mountains to massively accelerate crypto adoption and bring capital markets onchain
5 major shifts are noted:
1. Bring crypto asset distributions back to America. Thatโs means legal (onshore) ICOs, airdrops, network rewards, and tokenized assets. No more โcommodity or securityโ classification confusion. All the worldโs securities tokenized onchain.
2. Protect the right to self-custody, while opening the door for more legal custody and trading venues, without infeasible bureaucratic red tape.
3. Enable the creation of super apps, where non-security crypto, crypto asset securities, traditional securities, and other services, like crypto staking and lending, can be offered on one platform with one federal license.
4. Update outdated rules and regulations to allow onchain apps and DeFi to flourish, the exsistence of intermediaries are no longer assumed, protecting publishers of software code.
5. Establish an innovation exemption to allow companies to go to market with new business models and services quickly, even if they donโt meet existing rules and regulations, under certain conditions (e.g., onchain compliance).
Insane ๐คฏ