On Tuesday, I had the opportunity to meet with the House Financial Services Committee and @RepFrenchHill to discuss digital assets and how we can make the U.S. the global leader in Bitcoin and crypto. The Digital Assets Framework I presented during the meeting is attached below.
HYPEREVM UNLOCKS THE REAL GAME
MAINNET STATUS
• @HyperliquidX dropped hyperevm feb 18, expanding from just perps into full l1 capabilities
• sitting at $0.6b tvl, stacking $13m weekly, native $HYPE trading at $24.31
• fundamentals locked in with 15m+ $HYPE assistance fund
• fund expanded holdings from 14m to 15m tokens in first half of feb
• running $1.5m daily buybacks at $24 basis
MARKET DYNAMICS
• $HYPE consolidating between $20-28 since january
• volume spiked hard on evm launch, looks like serious accumulation
• rsi chilling in neutral territory
• need to clear $26.87 cluster for real movement
• $22.35 holding as strong support from feb 19
PROTOCOL EVOLUTION
• curve finance already deployed on hyperevm day one
• native btc spot trading live with 2/3 mpc security
• platform cranking out $4m daily revenue
• enabled 5x leverage for $KAITO trading feb 20
• community engagement absolutely surging post-evm
STRATEGIC POSITIONING
• hybrid infrastructure combining native btc and evm capabilities
• maintaining core perps dominance while expanding defi reach
• launched during competitor weakness, timing looks calculated
• previous ath at $34.96 could get retested if ecosystem build-out hits
• platform evolving into something more interesting than just another l1
@PayPal I don’t understand this platform . I have received money that you will not release for my own use . What kind of behavior is this ? You are supposed to be an intermediary, not a manipulative and controlling system that decides when or if we can use our own money.
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$SOL V.S $SUI
Speed:
$SUI processes ~300,000 TPS while $SOL processes ~50,000 TPS.💻
Finality:
$SUI achieves transaction finality in about 390 milliseconds, while $SOL takes up to 12 seconds.⏰
MC’s:
$SOL : $110B
$SUI : $10B
SUI is the next SOL, SOL is the next ETH.🤝💧