steven.hl

The most anticipated Solana ecosystem coin that just completed a $1b presale in 15 minutes is primarily being traded on HL and it isn't even close.

This is the same platform that Solana's most popular wallet is building on top of to offer best-in-class perps.

Hyperliquid 🤝 SOL

Hyperliquid's Assistance Fund first started buying HYPE the day of TGE, about 7.5 months ago.

Since then, the AF's PNL just crossed the $1b mark, adding a third comma for the first time! Total buybacks also crossed $400m a couple days ago.

Hyperliquid

A common misconception I see about HL is that people focus on today and don't consider that things can change.

When HL only had 5 validators, people failed to see that it can decentralize.

When they see HyperEVM with 7 TPS, they fail to see that it can be improved.

Hyperliquid

HyperBFT (Hyperliquid’s consensus layer) has been getting performance upgrades over time in order to continue the path of decentralization.

It seems a performance threshold will soon be hit which will accommodate a validator set increase from 21 to 24 nodes.

Hyperliquid

It seems Hyperion (formerly EYEN) was not joking when they said they intend to run a validator and stake!

They've teamed up with @kinetiq_xyz and @PierTwo_com to roll out a mainnet validator node, though the 85k staked HYPE is not enough to be in the active set.

Hyperliquid

It seems Hyperion (formerly EYEN) was not joking when they said they intend to run a validator and stake!

They've teamed up with @kinetiq_xyz and @PierTwo_com to roll out a mainnet validator node, though it does not yet have enough stake to be in the active set.

Hyperliquid

USDC will soon not be the only quote asset for spot pairs! The team is requesting feedback on the USDT and USDZZ pairs on testnet.

More importantly, they soft confirmed the ability for the quote asset to be any token, as long as it meets a certain requirement (TBD).

Hyperliquid

Soon, all of CT will begin to FUD HYPE's team unlocks. Here are the facts:
- Cliff will end November 29th, 2025
- Vesting duration varies from 2 - 4+ years long

These tokens are currently staked. I expect most to stay staked even when tranches begin unlocking.

Hyperliquid

A lot of CT seems to be bullish Coinbase perps, so lets take a quick poll.

Currently, CB international (168 pairs) has $940m OI. BTC-USD perps on HL has $3b OI.

How long will it take for CB international + CB US perps to flip HL's BTC-USD OI?

Hyperliquid

A lot of CT seems to be bullish Coinbase perps, so lets take a quick poll.

Currently, CB international (168 pairs) has $940m OI. BTC-USD perps on HL has $3b OI.

How long will it take for CB international + CB US perps to flip HL's BTC-USD OI?

Hyperliquid

During the next network upgrade, there will be a couple changes. The first one seems to be irrelevant to those not MMing, while the other is an intriguing change.

Changing the verbiage to not assume the quote asset is USDC implies new collateral options incoming.

Hyperliquid

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