Numagera is a prop firm built on Hyperliquid.
This post is a regular daily overview of in-play assets and key trends in the crypto, stock, currency, and commodity markets, which are available for trading as USDC-quoted perps on Hyperliquid.
This helps to understand what is driving the markets.
Today is Saturday, and TradFi is closed on weekends, so ethereum:0xec53bf9167f50cdeb3ae105f56099aaab9061f83 is the only notable highlight.
It doesn't matter where HYPE sits in a ranking. That's a methodology artifact, not signal. And the signal is usage, revenue and buybacks.
That is where Hyperliquid punches:
1) $1B in cumulative revenue
2) $248B in 30D perps volume, 4% of the global perps market
3) Fees go straight into buybacks, $1B already pulled off the market.
XRP, SOL and TRON carry bigger caps on legacy and stablecoin-settlement narratives, fair enough.
But on revenue per protocol and shipping cadence, HL is building and delivering faster than any of them.
Keep executing like this and the ranking takes care of itself.
In Nasdaqistan rn. Alive.
Field Reports, 2020 to today:
⚡️ Patient Zero, Mar 2020
Covid hit and they kept halting the entire market with circuit breakers. Welcome to the war!
⚡️ Retail Uprising, Jan 2021
Reddit infantry fixed bayonets and charged the hedge funds. Short squeezes, margin calls, panic in the command tents. Pure guerrilla stuff.
⚡️ Op Metamorphosis, Feb 2022
Meta dropped 26.4% in one session and vaporized about $230B. A quarter of an empire gone.
⚡️ The Long Win, 2022
Year-long grind: the Fed hiked, valuations bled out daily. Nasdaq closed the year down 33.1%, its worst since 2008. No big explosions, just slow blood loss every session.
⚡️ Yen Kamikaze, Aug 2024
The carry trade snapped. Went to bed fine, woke up to the front line gone.
⚡️ Op Deep Search, Jan 2025
Chinese DeepSeek shipped one model and took $NVDA down 17%. Chip index off 9.2%, Nasdaq down 3.1%.
⚡️ Op Liberation Day, April 2025
Carpet-bombed by tariffs. Then they paused the tariffs 90 days and Nasdaq ripped more than 12% in one session, its second-best day ever. Whiplash confirmed.
⚡️ Op Silicon Slaughter, June 2026
We are here. Too hot.
Remember us young.
Long live Nasdaqistan.
The Ventuals HIP-3 DEX is fully wound down, and vHYPE withdrawals have now begun.
The full withdrawal queue of ~380,775 HYPE was processed at approximately 10am ET today.
If you had a vHYPE withdrawal queued from before, it was included in this batch process.
Withdrawals are claimable 7.5 days after they are processed (the standard 7 day Hyperliquid native unstaking period, plus a 12 hour cooldown period).
This means you can expect to claim your HYPE back by 10pm ET on June 26.
HL is a cash machine that prints in any market mode.
It already totally dominates perp DEXs market. Most rivals aren't in the same conversation.
High volatility makes it better. During the Iran conflict, oil exploded on HL as it became the market's 24/7 desk while the CME sat closed.
Same dynamic through the Venezuela shock: when traditional venues gap and close, flow routes on-chain.
In the Oct 2025 crash HL pushed $10B in liquidations through its engine in a single day, more than Binance.
Calm or chaos, the flywheel runs.
Usage, buybacks, burn, increased value, repeat.
The only real threat for HL are not competitors, but a hard regulatory crackdown.
🫳🏼
🎤
Crypto Fraudsters have been scamming and taking advantage of the America people for too long.
No more! This FBI will find you, and we will bring you to justice!
-DKP🇺🇸