TBH, watching this whole situation unfold makes me believe that @benbybit CEO of @Bybit_Official is one of the smartest & strong leadership minds in cryptos industry right now.
Why? Defining moments like this defines your personality. Circumstances like these prove the extents of your capacity.
This is a masterclass in crisis management being displayed in real-time after experiencing the biggest crypto hack in history.
My best wishes ❤️ goes to @benbybit and the entire team working on this so far.
This is a Testament that the Web3 industry is evolving.
Chaos is a Ladder 🪜. You see confusion, I see clarity for choosing #Bybit 🤞👊.
Since the launch of its mainnet in 2023 and its token ( $HYPE ) in 2024, investors and noobs have shifted focus to the highly performant L1 perps DEX and native spot.
What could be the reason?
In the coming weeks, I’d be putting up alphas that are built on this ecosystem, and you can use them to find your edge, position & leverage.
For today, let’s talk about what @Hyperliquidx and it’s components.
If you’re interested in making money where people are not looking, Blast this 🧵open.
@Hyperliquidx is a performant L1 optimized from the ground up. It’s main focus is on spot and perps trading, and it’s capable of more than 20k TPS in less than a second.
The chain currently supports 100k orders / second.
🥏COMPETITIVE ADVANTAGE;
On @HyperliquidX, every order, cancel, trade, and liquidation happens transparently on-chain with block latency in less than a second. Unlike its competitors like DYDX, Vertex, whose order books are off chain.
This implies that @HyperliquidX L1 is efficiently designed and optimised for the end user, not VC metrics or even fees.
@HyperliquidX also regularly ranks in the top 3 perp DEXs by volume thanks to:
- Easy onboarding via its Arbitrum bridge
- high performance (more than 20k TPS)
- range of popular tokens listed
- Smooth UX interface.
-User friendly.
🥏WHY #HYPERLIQUID ?
@Hyperliquidx Solves the problem of “toxic flow” which originally hurts the end users more.
In a given illustration, a toxic flow is likened to be internal volume battles between the HFT makers and takers.
To solve this, @Hyperliquidx creates a solid foundational adjustment to the onchain order book: Cancels and post-only orders are prioritized above GTC and IOC orders.
This efficiency of this order is seamless because it is executed by the L1 chain itself, and since Hyperliquid is the fastest L1 in production, end users barely notice the ordering.
🥏GOVERNANCE.
The launch of its governance token ($HYPE) in late November/ early December raised some eyebrows on the potential and fundamental of the @Hyperliquidx ecosystem.
One of the real use cases for $HYPE is the voting for governance proposals. Traditional crypto projects see governance empty activities because of the unfair advantage given to VCs, where they can single handedly influence any proposal either positively or negatively because of their huge token allocations.
However, @Hyperliquidx is focused on the end users as VCs have zero allocations, so this is the first crypto project where governance is not just for fun.
The community will definitely have a meaningful impact on the direction of Hyperliquid!
Other #HYPE utilities include
- 💼Staking
- 📈Network Decentralization
- 🌄NFTS
- 📊Hyper Evm
Detailed information on this can be seen here; https://t.co/d7f0pnvIU7
The just concluded airdrop and distrubution of tokens made new millionaires in the crypto space with people making upto 9 figures all for free and the team may have hinted on the possibility of a season 3 incentivized program which might not be as loud as the first but it’s an opportunity to make even more money.
Subsequent thread series on this ecosystem alpha, I’d be dropping details on how to position, leverage, and find your edge.
The continuation of this series will be heavily dependent on your response to engage , so please follow @shifuwealth, like, share, and turn on post notifications. The next thread on #HYPE drops when we hit 2,000 likes.
For updates and developments on the ecosystem, follow their media handles;
- Twitter; @HyperliquidX
- Discord; https://t.co/fqRFgAib3G
SWING OPPORTUNITIES:
We may have to re-visit some old charts from the past month, that's already been playing out and hop on for a re-entry.
▪︎ #Notcoin ✅️
▪︎ #Wen $WEN
▪︎ #COQinu ✅️
Note: Every Lev/Futures trade shared can always be taken & traded on Spots as well.
🪙 Trade responsibly on the Bybit Exchange for sweet benefits.
https://t.co/p1Dj3rViAb
Risk not more than 1-3% of your capital on a trade📈📉📊
We're unlocking for YOU the gateway to the fastest and most secure cross-border transactions.
Choose Fiat or Crypto - the choice is yours...
Receive, send, buy, or sell with ease.
Just Stay tuned!
#crossBorderTransactions#crypto#Fiat#Fintech
#Cat@SimonsCat is a billion dollar enterprise and for it to be sitting below $200 million MC is a steal, and I need to know why @BinanceResearch@BinanceLabs is yet to list the no.1 bep20 Meme on @binance.
You can long/buy here with us at CMP as it goes higher to the moon.