Michael Ng

My opinions are my own, cheerleading for @HyperliquidX | prev: @stakewithus @nansen_ai

[Michael Ng @maigoh91]

@hypurr

[Michael Ng @maigoh91]

Hyperliquid

[Hyperliquid @HyperliquidX]

Portfolio margin on Hyperliquid has been live for six months and is now in beta with increased limits.

Users with account value <$25M can use BTC and HYPE as collateral to trade perps, spot, and outcome markets with greater capital efficiency.

See the Docs for borrow and supply caps, account requirements, and more: https://t.co/vvE8Ehqg7v

See the Support Guide for frequently asked questions: https://t.co/O73OHjBNk0

[smac @0xsmac]

guy who always thought bitcoin was nonsense and drift was the future now thinks kalshi is the winning perps venue

[HypurrCollective.hl 🐱 @hypurr_co]

HypurrCo Gathers will be back in our home-ground in Singapore for @token2049 .

Date: Thursday, Oct 8, 2026
Time: 11am-3pm
Location: Singapore

RSVP here 👉 https://t.co/fWsMsjMayF

Details will follow, alongside headline sponsors reveal 👀

If you're interested in sponsoring the event, there are a few spots left. Please feel free to drop us a DM!

[max.hl @fiege_max]

six years after having to outsource its trading pitch to an actual custodial black box bucket shop, the best solana can do is hire hucksters to sling mud at a network whose validators include

an OCC-regulated bank
a RIA
multiple publicly listed companies

[Michael Ng @maigoh91]

Alright buddy

You’re the only genius

Hyperliquid

[加納裕三@bitFlyer @YuzoKano]

私はYan氏を全く天才と思いません
なぜなら許容されるなら同じサービスを作ることは簡単だからです

多くの日本の業者が規制の中で苦しんでいて、顧客保護やマネロン対策のために巨額の投資をして24時間戦っている社員の感情を逆撫でする発言です

やってはいけないと言われていることを、やることがなぜ凄いことなのでしょうか？

[smartestmoney.hl @smartestmoney]

My founder disrupts financial markets for 23.5 hours a day.

Your founder vibe codes for 30mins while spending the rest of his day on Quora and https://t.co/9CTWDcbiLX as TraderBrad looking for the next beauty queen to hire.

We are not the same.

[Colossus @colossusmag]

This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.

Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.

Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.

Within 3 years, he was running one of the largest anonymous crypto trading firms.

Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.

Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.

Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.

Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.

In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.

[Michael Ng @maigoh91]

@laurashin https://t.co/jOjqj55zG2

Do better

[jeff.hl @chameleon_jeff]

Those who can, do
Those who can't, fud

[MONK @defi_monk]

https://t.co/apshnc9oOr

[Hyperliquid @HyperliquidX]

Over the past 2 weeks, RWA trading on Hyperliquid has repeatedly broken records, surpassing $1.3B in open interest and $1.4B in weekend volume.

When traditional markets are closed, Hyperliquid is the premier venue for 24/7 price discovery on oil, metals, indices, and other essential assets. This is an important step towards housing all of finance.

[Hyperliquid @HyperliquidX]

The Hyper Foundation will contribute 1M HYPE tokens to support the creation of the Hyperliquid Policy Center.

The tokens will be unstaked later today. The Hyperliquid community will benefit from having representation in Washington, D.C., and we are confident that under @jchervinsky's leadership, the Hyperliquid Policy Center will have a meaningful impact in favor of clear regulations for decentralized finance.

[Michael Ng @maigoh91]

@KyleSamani @jon_charb Those who can’t admit they bet on the wrong team, leaves

[jeff.hl @chameleon_jeff]

Those who can, do
Those who can't, fud

[Ripple @Ripple]

Hyperliquid, meet Ripple Prime: https://t.co/xZnpJ9Q5jQ

We’re now enabling institutions to access onchain derivatives liquidity through @HyperliquidX in a streamlined and secure way. Customers can also efficiently cross-margin crypto with all asset classes supported by our prime brokerage platform.

Institutions, welcome to the onchain economy.

[Ventuals @ventuals]

Introducing Ventuals V2, and our new frontend app.

24/7 trading, 365 days a year.

Pre-IPO, indices, stocks, commodities, and more.

With prediction markets, earning reports, and breaking news at your fingertips.

The most powerful way to trade tradfi perps. Live today.

[Hyperliquid @HyperliquidX]

HyperCore will support outcome trading (HIP-4). Outcomes are fully collateralized contracts that settle within a fixed range. They are a general-purpose primitive that are useful for applications such as prediction markets and bounded options-like instruments. There has been extensive user demand in both of these areas, and builders will likely think of novel applications as well.

Outcomes bring non-linearity, dated contracts, and an alternative form of derivative trading that does not involve leverage or liquidations. The outcome primitive expands the expressivity of HyperCore, while composing with other primitives such as portfolio margin and the HyperEVM.

Outcomes are a work in progress and currently only being tested on testnet. Canonical markets based on objective settlement sources will be deployed once technical development is complete. Canonical markets will be denominated in USDH. Pending user feedback, the infrastructure will be extended to permissionless deployment.

[Hyperliquid @HyperliquidX]

Since last week, HIP-3 markets reached new all-time highs of $1B in open interest and $4.8B in 24-hour volume.

[Hyperliquid @HyperliquidX]

HIP-3 open interest reached an all-time high of $790M, driven recently by a surge in commodities trading.

HIP-3 OI has been hitting new ATHs each week. A month ago, HIP-3 OI was $260M.

[jeff.hl @chameleon_jeff]

Hyperliquid has quietly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for side by side comparison of BTC perps on Binance (left) and Hyperliquid (right).

With HIP-3 teams leading the way, Hyperliquid has also grown to become the most liquid venue for perps on tradfi assets. Thank you to everyone's hard work as we upgrade the financial system and house all of finance.

[Hyperliquid @HyperliquidX]

By community request, you can now long or short $XMR perps with up to 5x leverage.

[Hyperliquid @HyperliquidX]

Hyperliquid today looks very different from Hyperliquid a year ago. This time last year, the HyperEVM hadn’t even launched, and there were only a handful of early believers building exclusively on Hyperliquid. Now, there are hundreds of teams building, dozens of regional communities with local events, and trillions more in volume traded.

This was achieved without any external funding and giving all protocol fees to the community. Hyperliquid was built with a strong belief in returning to the core ethos of crypto  -  changing entrenched and predatory practices to be fair and permissionless.

This art piece is meant to celebrate Hyperliquid’s growing ecosystem and commemorate how far we’ve come as a community in building the house of all finance. You’ll find many of your favorite apps and teams interwoven in the piece if you zoom in. A special thank you to @Degen_Alfie for bringing the community to life. Many great teams didn’t make it due to limited space and time, but your contributions have not gone unnoticed!

Notable product and tech releases in 2025 included:
+ HyperEVM launch with HyperCore composability via precompiles and CoreWriter
+ Spot assets bridged by Unit
+ Fully permissionless validator set
+ Native utility to staking, with fee discounts for traders and permissionless HyperCore deployment capabilities for builders
+ Permissionless spot quote assets
+ Hypurr NFTs
+ USDH governance vote and launch by Native Markets
+ HIP-3 permissionless perp deployment
+ Native USDC integration
+ Portfolio margin pre-alpha launch
+ Assistance Fund HYPE officially burned

Compared to 2024, ATHs in 2025 reached:
+ $32B in 24h volume from $15B in 2024
+ $16B in open interest from $4B
+ $6B in TVL from $2B
+ $20M in 24h protocol revenue from $3.5M
+ 1.4M users from 300k

Excited to see what the ecosystem looks like another year from now. Thank you to all the builders, users, and supporters who have come together to push forward Hyperliquid’s vision.