ThinkingUSD

Betting on L1 and L2 tokens is betting that tech won't progress meaningfully and you've suddenly discovered the optimal way to transact value.

It's also a bet that front ends which actually own the user will, for some reason, be loyal to your chain instead of grabbing as much value as they can for themselves.

Users will have no idea what chains their assets are sitting on for the most part, this is a good thing for regulation and compliance, it makes checking the solvency of financial products much easier and independently possible.

CLOBs are theoretically optimal ways to transact, fundamentally different bet.

Betting on L1 and L2 tokens is betting that tech won't progress meaningfully and you've suddenly discovered the optimal way to transact value.

CLOBs are theoretically optimal ways to transact, fundamentally different bet.

What happens to Solana when pumpfun launches its own token and chain?

All we need is a few more months of down only memecoin volume and we won’t have to pretend to care about Solana anymore

Seeing everybody post about Hyperliquid because of this guy getting liquidated should make you giga bullish

But just imagine the Hyperliquid airdrop @JamesWynnReal is going to get, he might even break even

But just the imagine the airdrop James Wynn is going to get from Hyperliquid, he might even break even

Feels like a pretty easy ETH short here to hedge some of your exposure, ETH OI has absolutely skyrocketed and inflows and nowhere near BTC ETF inflows and never will be.

Can't wait for Kaito to go to zero so twitter stops getting spammed by plebs ebegging

First exchange that lists Hype spot probably makes $100,000,000 in fees that year, they keep the fees in native HYPE it could easily be $500,000,000 in revenue.

In a No KYC world, how should filtration of illicit funds be done?

Tax off-ramps at extreme rates with no proof of funds / source of funds?

I don’t think you can ever fully stop money laundering, just makes sense to take it at extreme rates 90%+?

Open to suggestions

In a No KYC world, how should filtration of illicit funds be done?

Tax off-ramps at extreme rates with no proof of funds?

Open to suggestions

Would be interesting, and I'd pay a decent amount for someone to go and tell me:

- All the funding rounds a certain VC firm has done for assets that TGE'd

- What those assets TGE'd at, and their current M2M losses at trading price

- Amount of retail capital destroyed
[(ADV SPOT * 10%) * (% from ATH)]

- The combined revenues for said assets, aka the net economic value that these protocols have created

Some actionable alpha and will be a shocking metric, no doubt as so much vapor has been funded over the years

Hit the DMs researchooooors

99.99% of VCs trying to fund Hyperliquid competitors would be better off just buying HYPE.

You're misunderstanding what the Hyperliquid MOAT is, it's inherently unreplaceable with VC involvement.

People freaking out about 500,000 hype probably don’t understand that if you did more than $90,000 of volume in 2024 you would have received an airdrop worth $19,000,000.

Excited for the next airdrop 🚀

If you’re trying to farm the next HYPE airdrop and it doesn’t include something that actually generates fees for the platform, you’re going to be really disappointed.

The L1 is interesting but doesn’t benefit Hype that much. Interesting L1 protocols are still yet to come, an AMM doesn’t benefit HYPEcore much if at all, it just fragments liquidity.

Perp trading and spot trading are all that matters, spot trading arguably much more. Liquid spot markets are a critical component of a standalone T1 exchange.

Hyperliquid.

No more Tweets until next Hyperliquid ATH.

Have a good weekend everyone.

Ton of DMs so i’ll just answer it here:

Why do you still get paid on buying HYPE @ $39

- Lots of normies unable to buy, these people cannot figure out how to get onchain

- Spot not listed in any T1 exchange

- Claiming token is expensive here is not pricing in any growth, while HL’s been growing open interest double digit % WoW

- $770,000,000 at present revenues of buybacks (market buys)

- Exchanges are the most profitable businesses in the entire crypto world, you get exposure to the fastest growing one

- No unlocks from private market investors, no vesting bags and no sweet heart deals

- Most importantly builder codes, if you’re a developer building a product that wants to interact with perp trading there is only one venue to build on and that’s Hyperliquid

Still cheap, my take profit levels at $40B circulating. Not FDV.

$100 also psychological level to be aware of

Noticed how there’s hardly any press on @HyperliquidX? That’s because there aren’t insider private investors desperately trying to generate retail enthusiasm to dump their tokens on.

Just a cult of degens, a lot of who just hit their first home run.

I was going to buy hyperliquid but then I just realized someone can just build another hyperliquid making it UNINVESTABLE.

Dodged a bullet there.