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.
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!
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.
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 ⏳
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.
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.
HYPE is back over $35. Those of you in the old school who don't value revenue simply do not understand what equity investors look for or you did not cared enough to try. Hyperliquid's daily buybacks under $1m are now mathematically impossible in this purradigm.
HYPE just closed the daily candle over $33, making today a new all-time high. There is currently less than $14m in sell orders standing in the way of HYPE making new all-time highs over $35.
When that happens, should I bring back the salt sheet?
HYPE is back over $30. Those of you in the old school who don't value revenue simply do not understand what equity investors look for or you did not cared enough to try. Daily buybacks under $1m are now mathematically impossible in this purradigm.
Hyperliquid’s mobile frontend just got pushed another small update: the order book can now be viewed in USDC with customizable precision, mirroring functionality from the desktop UI.
I’ve personally been waiting for this one for a while to avoid doing mental math!