steven.hl

The HL ecosystem is getting a lot of institutional activity this week!

iHYPE, a dedicated institutional facing LST product, has been announced from Kinetiq in collaboration with IMC and Flowdesk. It would not surprise me to see EYEN use iHYPE for their treasury.

Hyperliquid

With the CoreWriter contract elevated to mainnet level bug bounty payouts, I think we can expect deployment in the next 2-3 weeks depending on the results of the final stages of testing.

This would be the unlock needed for differentiated HyperEVM products.

Hyperliquid

In just one week, we really went from:
- Tony G buying $400k HYPE
- An ophthalmic tech company in the process of securing funding for a $50m HYPE buy
- A trading platform securing $600m credit line for a crypto treasury fund with HYPE as the primary reserve asset

Hyperliquid

People often say transparent exchanges are bad because frontrunning occurs when a big order is telegraphed.

When EYEN announced their plans to buy $50m of HYPE, the price was $39.3. 3 hours later, the price is now $39.50.

Why hasn't the market fontran EYEN?

Hyperliquid

Despite the ongoing geopolitical events the past 24 hours causing uncertainty within the markets, HYPE has quietly just made a new all-time high daily candle close.

Thank you Jeff.
Hyperliquid

When @hyperunit launched, there was criticism about spot BTC/ETH/SOL fees accruing to Unit instead of to Hyperliquid or the AF.

After months of accruing fees, Unit has turned on a buy TWAP on HYPE, funded by selling the spot BTC/ETH/SOL it has accumulated.

Hyperliquid

According to @mlmabc, a wallet has been TWAP selling $15m+ HYPE the past 24 hours with low price impact. This means one of two things (or both):

1) HYPE is liquid enough for size.
2) Jeff’s notion of telegraphing to MMs what you’re trying to do helped execution.

Hyperliquid

HyperEVM's long awaited feature has gotten a few name changes. First it was "write precompiles". Then it became "write system contract".

The docs got edited 6 hours ago to rename it to "CoreWriter contract" with some implementation details. Feels like it's close...

Hyperliquid

Love to see Hyperliquid making an impact on Solana regardless of whether the two chains are considered competitors or not.

The crypto industry as a whole valuing revenue is the natural next step if we are to mature into a legitimate asset class.

Hyperliquid

Anyone know how to quickly cross reference the 174 spot token pairs tradeable on Binance US with the ones listed on Binance?

How many examples are there of a token being exclusively listed on Binance US and never manage to get listed on Binance?

Hyperliquid

May was a good month for Hyperliquid.

MoM buybacks: +63% growth (May - $67.6m; April - $41.5m)

The triple threat of increased platform usage (thank you James Wynn), market volatility due to new BTC ATH, and the new fee schedule made May an ATH in fee generation.

Hyperliquid

Hyperliquid has passed the James Wynn test. It's sad to see him lose $100m in a week, but he has proven that HL is capable of handling $1b positions.

The partial liquidation mechanic added in March allowed for James' positions to unwind with no HLP involvement.

Hyperliquid

In a few days HL's margin tiers will go into effect, lowering the max leverage allowed for large positions on a per ticker basis. James Wynn will reduced to 20x leverage on his large BTC longs, for example.

HYPE and FARTCOIN got a leverage increase to 10x too!

Hyperliquid

A few months ago, the Hyperliquid community would be antagonistic towards anyone on the outside (especially those with a VC background).

Things have improved since then and I’m happy to see that both sides can find common ground for a change.

Hyperliquid

HyperEVM will be halving block times to increase throughout. Expect periodic tweaks like this as user demand grows.

This is why I think there could be undisclosed incentives for EVM users. The users push the limits to help the team figure out what is needed.

Hyperliquid

Remember when people called the top on HYPE after Bloomberg and CNBC both mentioned Hyperliquid by name as a revenue generating business with underlying fundamentals?

It actually turned out to be a capitulation event from those that were sidelined and watching HYPE.

Hyperliquid

For HYPE to become a top 10 coin, it must outperform the coins in the top 10.

Here's a checklist for which HYPE ratios are at ATH and which are not yet:
- HYPE/BTC ⏳
- HYPE/ETH ☑️
- HYPE/SOL ☑️
- HYPE/XRP ☑️
- HYPE/BNB ☑️
- HYPE/DOGE ☑️
- HYPE/ADA ☑️
- HYPE/TRX ⏳

Hyperliquid

if jeff has a million fans, then i am one of them.
if jeff has ten fans, then i am one of them.
if jeff has only one fan, then that is me.
if jeff has no fans, then that means i am no longer on earth.
if the world is against jeff, then i am against the world.

hyperliquid

If you think HYPE has limited upside at $36 after trading for 6 months, understand that crazier things have happened.

In 2021, SOL went from $2 -> $250 in 11 months. All you had to do was buy and be patient.

Hyperliquid

When HYPE staking tiers was announced, the wording suggested that more utility would be coming.

There's a lot you can speculate on, but there's one idea that has been in the docs for over a year: instead of burning spot token fees, you can give it to stakers.

Hyperliquid