slumsho

my alt account

[slumsho @slumsho]

@HyperliquidX 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

[MONK @defi_monk]

Hyperliquid's OI is now 20% of Binance's.

To put that into perspective, Lighter's OI is less than 10% of Hyperliquid's.

Hyperliquid is closer to Binance than Lighter is to Hyperliquid.

Source https://t.co/S8ylMjRbvU:

[slumsho @slumsho]

@tradexyz Blesssssss

[trade.xyz @tradexyz]

Market parameters have been updated for several TradeXYZ markets.

Cross margin has been enabled for the following markets:
- SPCX
- WTIOIL
- SKHYNIX
- SNDK
- DRAM

[slumsho @slumsho]

Hyperliquid

[Grayscale @Grayscale]

On June 24, Grayscale Research sits down with @jchervinsky, CEO of @HyperliquidPC, to break down what @HyperliquidX means for investors, including exposure via $HYPG, the lowest management fee $HYPE fund in the U.S¹

Register: https://t.co/V7O4AbDVfV

[Grayscale @Grayscale]

On June 24, Grayscale Research sits down with @jchervinsky, CEO of @HyperliquidPC, to break down what @HyperliquidX means for investors, including exposure via $HYPG, the lowest management fee $HYPE fund in the U.S¹

Register: https://t.co/V7O4AbDVfV

[slumsho @slumsho]

Quantinuum with the insane pump rn

Is this the chosen Quantum stock?

[slumsho @slumsho]

Hyperliquid

[DEGEN NEWS @DegenerateNews]

NEW: @CMEGROUP REPORTS CME DIRECT IS NOW FULLY RESTORED AFTER CONNECTION ISSUES THAT LED TO TODAY'S TRADING DISRUPTION AT THE WORLD’S LARGEST DERIVATIVES EXCHANGE

SOURCE: https://t.co/chbaqirRSi

[DEGEN NEWS @DegenerateNews]

NEW: @CMEGROUP REPORTS CME DIRECT IS NOW FULLY RESTORED AFTER CONNECTION ISSUES THAT LED TO TODAY'S TRADING DISRUPTION AT THE WORLD’S LARGEST DERIVATIVES EXCHANGE

SOURCE: https://t.co/chbaqirRSi

[slumsho @slumsho]

Hyperliquid

[Flood @ThinkingUSD]

Two interesting facts:

The only place for true Korean equity price discovery is on Hyperliquid. Korean consistently sidecars, and bands short selling//circuit breakers their equities.

Hyperliquid is the cheapest place in the world to place a sports bet on their outcome markets.

[Flood @ThinkingUSD]

Two interesting facts:

The only place for true Korean equity price discovery is on Hyperliquid. Korean consistently sidecars, and bands short selling//circuit breakers their equities.

Hyperliquid is the cheapest place in the world to place a sports bet on their outcome markets.

[slumsho @slumsho]

@blknoiz06 @Trader_CSK If people compare Perp DEX's with millions in OI to Hyperliquid, I think anything is fair game to be compared

[trade.xyz @tradexyz]

ZHIPU is now live. 10x leverage, 24/7, 365.

[slumsho @slumsho]

@mert @mert if you have better options, feel free to lmk. Just use robinhood because I trust the name

[slumsho @slumsho]

@mert I use Phantom and then I use Robinhood (I believe they use Meld?) - I onramp 2-3 time weekly. Used to use Moonpay.

[Evanss6 @Evan_ss6]

Just want to point out a few things wrong/missing from this analysis to give a more informed take:

The takes on being a bucket shop are silly so won't even respond to that. I don't believe there is some "Holy" level of leverage to offer that the CME has mastered. The key is safety and being able to properly liquidate positions. People trading on high leverage want high leverage, period.

Crypto Share of Volume: Share relative to Binance is making fresh highs. Still at just 15%. Keep in mind since this is a % of Binance rather than a % of the whole, this can go above 100% in best case scenario (not saying this is likely).

AQAv2: 90% of the yield from USDC is being used to buy back HYPE. This is known but the flows don't start until October. Addition of $150-200M to ARR.

HyperCore Priority Fees: This was essentially 0 two months ago and a $20M ARR currently. This has a lot of room to grow potentially and is yet another signal that when this team ships, there is immediate uptake and boost to revenue.

HyperEVM network fees: burning around $1M HYPE/month

Ticker auctions: burning around $2.5M/year

HIP-4: brand new, currently no significant contribution. Kalshi and Polymarket have demonstrated PMF for Prediction Markets. I personally am not very bullish on this sector but maybe I'm wrong.

HIP-5 and beyond: the team continues to ship and most things they ship see real uptake. I could imagine them eventually launching options among other things.

The Regulatory Fork: Most serious money is still not allowed to use Hyperliquid. Hedge Funds are locked out because of LP agreements, and MMers for regulatory reasons. Opening up the market to America and to serious professionals like HFs/MMers. This would be tremendously bullish on volumes and liquidity. I call it a "fork" because the downside case is they get lawfared out forever. If this is your thesis, I implore you to watch this recent interview that I will link below with the CFTC chair.

Hyperliquid as a Liquidity Backend: we have already seen large uptake of builder codes as consumer-facing products such as Phantom and Fomo offer perps to users in their frontends via their builder codes. The best case scenario for Hyperliquid is that it becomes one of the liquidity backends for traditional brokers and MMers. If Hyperliquid can continue offering better pricing than CME (as they do on BTC/ETH/SOL futures), this could become a large source of future volume in the good regulatory scenarios.

Staking Rewards and Community Tokens: Lazy analysis values HYPE at its fully diluted value. More careful analysis realizes 1) most emissions go directly to existing token holders 2) future community emissions (nearly 40% of fully diluted supply) may never happen, partially happen, or be redirected to stakers over N number of years. If 1 HYPE staked today = 2 HYPE staked in N years, the price is effectively halved today (ignoring tax distortions). The circulating cap is around $17B today, and this isn't backing out any supply, including that owned by Hyperliquid Strategies DAT, which is presumably off the market.

Hyperliquid.

[slumsho @slumsho]

@rasmr_eth Trade anything, anytime, anywhere, and 99% of the revenue buys back hype

[Jake Chervinsky @jchervinsky]

CME suing CFTC was a shocking miscalculation, an unforced error that revealed "the emperor has no clothes."

Once viewed as the elephant in every room in DC on derivatives, CME now outs itself as a petty incumbent monopolist afraid of competition.

Sorry, competition is here!

[slumsho @slumsho]

Update

Hyperliquid

[Gracy Chen @Bitget @GracyBitget]

#Hyperliquid may be on track to become #FTX 2.0.

The way it handled the $JELLY incident was immature, unethical, and unprofessional, triggering user losses and casting serious doubts over its integrity. Despite presenting itself as an innovative decentralized exchange with a bold vision, Hyperliquid operates more like an offshore CEX with no KYC/AML, enabling illicit flows and bad actors.

The decision to close the $JELLY market and force settlement of positions at a favorable price sets a dangerous precedent. Trust—not capital—is the foundation of any exchange (CEX and DEX alike), and once lost, it’s almost impossible to recover.

Moreover, the platform's product design reveals alarming flaws: mixed vaults that expose users to systemic risk, and unrestricted position sizes that open the door to manipulation. Unless these issues are addressed, more altcoins may be weaponized against Hyperliquid—putting it at risk of becoming the next catastrophic failure in crypto.