mod

[mod @wsbmod]

@tradexyz perps, live on the Terminal:

[Michael McDonough @M_McDonough]

Hyperliquid perps, live on the Terminal:

[Michael McDonough @M_McDonough]

🆕Use WSL HYPE <GO> to monitor 24/7 streaming prices for select perpetuals on Hyperliquid and track market signals around the clock:

[mod @wsbmod]

@GracyBitget @Bfaviero Hyperliquid may be on track to become FTX 2.0

[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.

[Hyperliquid @HyperliquidX]

Open interest reached an all-time high of $18B on Hyperliquid

[mod @wsbmod]

@alexandr_wang need it to be able to make calls and send emails from it's own email address!

[mod @wsbmod]

@grugcapital @AviFelman this is my favorite part "will be offline all weekend preparing for yom kippur"

proceeds to spend all weekend trying to pvp a memecoin in order to extract a few thousand bucks

[Avi @AviFelman]

Are you ready? Let’s roll.

Shabbat Shalom.

Will be offline this weekend preparing for Yom Kippur.

To all those I have wronged this year: I apologize.

I hope that everyone has a meaningful fast and a great year up ahead.

[mod @wsbmod]

@grugcapital @AviFelman

[jeff.hl @chameleon_jeff]

Most tech giants in the 2000s built their infrastructure and product as one entangled unit. Amazon had the foresight to separate out AWS as an API layer, of which Amazon retail was the first of many users. Today, AWS generates more profit than all of Amazon's other business lines combined.

Hyperliquid is built with the same philosophy. Housing all of finance requires thoughtfully designed, open financial primitives. Each primitive should obey the Unix principle of "Do one thing and do it well." Talented builders then have the foundation to chain these together to create magical applications.

HyperCore borrowing is an example to highlight this philosophy in action.

Most other platforms implement portfolio margin by marking an account's collateral to market value with an LTV haircut, creating borrowed assets without an explicit lender. This system is simpler to implement, but misses a golden opportunity for composability.

Hyperliquid instead begins with a borrow/lend protocol on HyperCore. Every borrowed asset is sourced from a supplier, so risk is isolated within the borrow/lend primitive instead of platform-wide. HyperCore's portfolio margin system is implemented as an orchestration layer that composes borrow/lend, with other primitives such as perps, spot, and outcome trading.

This decomposition has several nice corollaries:
1. Today's announcement of manual borrowing is not a new feature, but simply an extension of the underlying primitive. Borrowers on day one have access to 400M and growing of supplied liquidity.
2. Portfolio margin users earn interest on their idle stablecoin collateral. This is not a new feature, but a natural byproduct of composing trading with lending.
3. System safety is easier to reason about when perp and borrow/lend margining are independent.

In the same way that math theorems almost prove themselves when the right abstractions are defined, composable designs just feel right.

[mod @wsbmod]

@inversebrah

[mod @wsbmod]

is today black monday or is that next monday? i cant tell.

[mod @wsbmod]

@crypto_adair @chameleon_jeff it's jeff/shoku vs duffy/sprecher

[Hans @HansonBirringer]

Part II is live.

28% of the new users @tradexyz brought to Hyperliquid went on to trade crypto perps, and 40% of those did it within a day.

Read it here: https://t.co/5bFMWE2dvM

[mod @wsbmod]

@sershokunin silo
house of dragons
1883 is actually really good
pluribus if you havent seen
succession (surely you've seen this already but if not watch this)
true detective season 1 is incredible if you havent seen. i normally dont like this kind of thing, but its very good

[mod @wsbmod]

very under-appreciated, but @tradexyz is responsible for almost all of the growth on Hyperliquid this year. of course, this was enabled by the brilliant design of Hyperliquid by the core team, but executed on flawlessly by [XYZ]

[Hans @HansonBirringer]

We took a closer look at the data behind all 356,886 xyz traders since launch in October 2025.

These markets are the primary funnel for mass adoption and user retention on Hyperliquid, across both retail and institutional cohorts.

Full report below. https://t.co/X6AmOQQLMm

[s @sershokunin]

Events by trade[XYZ]

[trade.xyz @tradexyz]

Introducing Events by trade[XYZ].

With Events, we’re advancing our vision of Hyperliquid as the universal exchange—a single, composable system for trading financial assets and real-world outcomes.

A user can deposit spot BTC, borrow USDC through portfolio margin, open a pre-ipo SpaceX perp position, hedge an upcoming SK Hynix earnings event with an events market, and pick the US Open winner—all from a single unified account on trade[XYZ].

Events will span sports, politics, economics, and financial markets, with an expanding range of categories and contract formats.

Our initial Up/Down markets cover equities, commodities, and pre-IPOs, powered by the depth and liquidity of trade[XYZ] perpetuals on HIP-3. These perpetuals provide continuous price discovery and serve as the resolution source, so each contract is grounded in XYZ's liquid market prices rather than an external oracle.

[mod @wsbmod]

@geoffwoo bring your racket back further on forehand, don't abbreviate follow through on backhand. more footwork as well instead of if you want to use open stance forehand. open stance is great, but only if you move to get in position first 🫡

where do you play?

[mod @wsbmod]

@RealAZKicks

[mod @wsbmod]

@PowerPasheur @chameleon_jeff @HyperliquidX stfu