NEW: VALVE ENABLED THE ABILITY FOR COUNTER STRIKE 2 USERS TO BUNDLE AND TRADE ~$5 ITEMS FOR WHAT WERE ONCE $1000+ KNIVES - DILUTING THE KNIFE MARKET AND NUKING PRICES
@stableAPY@degennQuant@hyperbeat Thank you ser! Main issue for me is that it doesn't seem to pull any balances or DeFi activity from HyperEVM (weirdly apart from Liminal).
Hyperlend, Felix, Hypurr, Kinetiq etc.
Core is working perfectly!
Solana blocks are now 20% bigger — what does this mean?
on Solana, every transaction sent consumes resources
we call this resource "compute units" or CUs — like fuel for a car
every transaction consumes a different amount of CUs depending on its complexity, a simple transfer consumes less CUs than a complex multi-DEX swap
when a solana block is produced, it has a capacity of how many CUs it can include
this capacity used to be 48 million CUs
meaning the sum total of all transactions for a given block must be around this number (there are some caveats here but not important for this post)
in the past, we increased this number to 50M CUs, a gradual increase to ensure nothing breaks
since that went well, the number has now increased to 60M CUs
meaning we can now fit more transactions (or more complex ones) per block — 20% more to be exact
the goal is to at least double this number going forward
more transactions -> lower fees (given same demand), more expressiveness for devs, and better UX for users
Hyperliquid generating more daily revenue than Axiom, Pump and Bonk combined for the first time
Perps are a direct substitute for memecoins when bridging friction disappears and traders have a mobile interface to use
Last week, Hyperliquid was the first major venue to offer PUMP prelaunch trading. It became the main platform for price discovery leading up to PUMP’s highly anticipated TGE, with over $400M in open interest and $600M in 24h volume as a prelaunch perp.
Following TGE, Hyperliquid was also the first major venue to offer spot trading of PUMP through @unitxyz. It remains one of the most liquid venues to trade PUMP spot.
Hyperliquid continues to support the movement of capital formation and price discovery onchain. This trend is reflected in four consecutive days of open interest all-time highs. Today’s OI reached $12.1B.
@citadelwolff@ParallelTCG Same dude - I max cached all my prime at the earliest point (RIP that trade)
Not played much myself but have friends who really enjoy it.
Lack of mobile app is a massive L (tho it's on the way). Play Hearthstone daily but wouldn't dream of playing on desktop
@citadelwolff@ParallelTCG Not that I'm aware, tho could have missed it.
A lot of TCG competition rn with already established IP. As a Prime holder semi worried about the future.
Pokémon at ATHs, Magic pumping and then you have LoL card game launching in Q3/4.
Regarding commentary and questions on the 0xf3f4 user's ETH long:
To be clear: There was no protocol exploit or hack.
This user had unrealized PNL, withdrew, which lowered their margin, and was liquidated. They ended with ~$1.8M in PNL. HLP lost ~$4M over the past 24h. HLP's all-time PNL remains at ~$60M. As a reminder, HLP is not a risk-free strategy.
Max leverage will be updated for BTC and ETH to 40x and 25x respectively to increase maintenance margin requirements for larger positions. This will provide a better buffer for backstop liquidations of larger positions.