Huy Sự Thật

$PROVE has a sudden increase in trading volume but the price is still accumulating.

The trading volume is nearly one billion dollars, almost equal to the valuation of @Succinct 1.2 billion dollars.

It's just a fun drawing, not investment advice, okay AE.

#succinct #prove

🔥Everyone starts from somewhere

On the occasion of reaching 3k followers, I want to share my journey from zero to Huy Reality today.

I learned about the market in 2019, but it wasn't until 2020 that I started to explore.

Like everyone else, I began reading about the most basic concepts such as: what is crypto? what is Bitcoin? or what is Ethereum?

During my self-study, I also messaged some KOLs to learn knowledge and experience, but they all declined or did not respond.

Looking back, it's understandable; they have their own jobs and don't have the time to guide someone unfamiliar like me.

Then I continued to self-learn, reading articles on websites, watching YouTube videos, following X,...

From 2022 onwards, I started applying for jobs at media/crypto companies and got rejected by nearly 10 companies, probably submitted my CV to almost all media/crypto firms in Vietnam.

It wasn't until the end of 2022 that I was accepted into Hak Research and climbed from the lowest position as an intern to the core team.

> It was right here that I experienced a major breakthrough, transforming from a novice to a true researcher.

(I also built X from this point)

After leaving Hak at the end of 2023, I joined @5Money at the beginning of 2024.

> This place has helped me improve, enhancing my skills.

Although currently, I am not more talented than others, compared to the X channel, many peers who built at the same time already have hundreds of thousands of followers.

But compared to the Huy who just started in the market, I am much more stable now.

👉Through this, I hope that new or old friends on the path to success will stay strong - strive - and be persistent.

One day you will reach your destination.

🔥Hyperliquid is silently moving forward - Should CEX be worried?

Moving forward here does not mean the price of $HYPE returning to the peak of $50, but rather an increase in market share - closely following Binance.

You heard it right, a Perp DEX exchange is "competing" with the world’s top exchange, Binance.

The numbers speak for themselves:

- July's trading volume reached an ATH of $320 billion, which is 12% of Binance's market share ($2.68 trillion).

- On August 14, 2025, Hyperliquid achieved its highest trading volume ever with $27 billion, accounting for 19.2% of Binance's market share ($140 billion).

- Also on the 14th, the total value of open positions on Hyperliquid was $15.2 billion, which is 34% of Binance's market share ($446 trillion).

Despite:

- The majority of TVL is in Vaults providing liquidity for Hyperliquid, and only about $95 million belongs to traders.

- A small amount of money but large trading volume means they are using high leverage.

👉Although in terms of trading volume, Hyperliquid shows superiority over the DEX industry and is about to catch up with CEX.

👉However, in terms of asset quantity and user aspects, Hyperliquid still has a long way to go.

Still, for a DEX like Hyperliquid to achieve results:

- More than 622 thousand users
- $2.3 trillion in trading volume
- Generated over $450 million in revenue in less than 8 months.

That is already a great success.

Could HyperliquidX overthrow Binance with $@CZ in hand?

> Read the full article: https://x.com/huysuthat/status/1956704805470289938

> Read about whether to invest in this project or not: https://x.com/huysuthat/status/1925909478374822141

🔥Boss @AndreCronjeTech is raising capital for the super DeFi project, named @flyingtulip_

The Boss is a well-known figure in the crypto market:

- Co-founder & CTO of @Sonic Labs (previously @Fantom Foundation ).

- Creator of @yearn : A project that helps earn yield in DeFi, which once reached a TVL of 7 billion dollars, fdv of 3 billion dollars.

- Creator of @Keep3r Network : A platform for projects to hire developers to code products, which once reached an fdv of over 800 million USD.

- Co-developer of @SolidlyLabs: An AMM dex combining both @Uniswap Protocol model and @Curve Finance , with the famous ve(3,3) model. Once surpassed a TVL of 160 million dollars, fdv of 650 million dollars.

Currently, he is only active in @Sonic Labs . Although these are great ideas, they have fallen out of meta.

Forget about these projects, because now @AndreCronjeTech is raising capital for the super DeFi project @flyingtulip_.

Detailed information:

- @flyingtulip_: A hybrid exchange, combining AMM Pool with Lending, Perp,... to create the best liquidity - the best profits for liquidity providers.

- The token code is $FT, with a fixed supply.

- The project will sell 50% to investment funds (he is looking for funds in the US).

With the stature of @AndreCronjeTech , he could raise tens of millions of dollars for @flyingtulip_.

@flyingtulip_ addresses the liquidity shortage in the DeFi market, as all products share a common liquidity source, thus concentrating liquidity more.

In DeFi, having liquidity or concentrating liquidity is almost having the game in hand.

This model carries many risks but offers a high level of efficiency.

This idea is good, @flyingtulip_ under the hand of @AndreCronjeTech will be interesting. But whether it is sustainable in the long term, I am not sure.

Details at: https://x.com/huysuthat/status/1956215673123954987