steven.hl

Hyperliquid bucket list update (HYPE $35): - Spot listings for majors✅ - Binance lists spot HYPE - Coin margin for perps - HL lists non-crypto perps - A T2 CEX uses HL for perps liquidity - HL flips OKX in OI✅ - Perps allowed for US users - HYPE enters the top 10

Hyperliquid and Pump.fun are the top 2 dapps of the cycle with PMF, have amassed impressive revenue numbers, and do token buybacks. So why is PUMP not pumping? What is the primary reason for the contrasting trajectories the first week of trading?

The Hyperliquid builder codes x @phantom collab just hit a new milestone by adding a second comma to their total fees earned with their Phantom Perps product! Phantom Perps first launched 2 weeks ago and has garnered 18,313 total users. Let's revisit this at the end of the year.

Hyperliquid Assistance Fund update (7/11 - 7/23): - HYPE holdings: 27m tokens (+1m in 13 days) - Highest buyback day: 7/18 ($4.94m) - Lowest buyback day: 7/19 ($1.7m) - Average buyback per day: $3.7m - Cost basis during this buyback period: ~$46

Coinbase perps officially goes live today with up to 10x leverage on BTC and ETH! The poll I did a month ago had 12% of you guys expecting Coinbase perps OI to overtake BTC's OI on Hyperliquid in < 30 days. The countdown to see if they are right begins now! Hyperliquid

In the 2.5 years HL has existed, the team has led the crypto industry in many ways: + Used proprietary MM algo (HLP) to bootstrap liquidity -> dYdX/Lighter + First to buyback $1b worth of native token -> PUMP + Prioritize cancels for makers -> Jito Hyperliquid

Contrary to what FUDers say, Hyperliquid is still growing. All platform metrics are hitting new ATHs: + $13.8B open interest + $6M in 24h fees + $22B in 24h exchange volume. Lets see if we can get to $20B OI, $10M 24h fees, and $40B in 24h volume by EOY. Hyperliquid

In less than 2 days, Kinetiq's deposits have grown to 10M+ HYPE, overtaking stHYPE as the #1 liquid staking protocol on HyperEVM by TVL. With the growing demand for LSTs, I wonder if it makes sense for the team to allow for depositors to retain their staking tier benefits.

People who lump HL into the "CLOB wars" do not understand the current perps DEX landscape. Phantom has no in-house infra to make a perps dex yet has made $200K+ in rev their first week simply by choosing to use HL as their liquidity layer. Expect more of this soon. Hyperliquid

Every dollar of volume originating from a Phantom Perps user is a market order with no staking tier fee discount. These types of orders are highest paying fee orders, thus contribute to the AF the most (on a per $ basis). Eventually, $5m fee days will be the normal. Hyperliquid

The long awaited Kinetiq LST is now available for HyperEVM users to stake their HYPE for kHYPE! One thing I noticed on the website is that there is a kPoints tab? Looks like HYPE stakers will also be accruing points every Thursday! Hyperliquid docs.kinetiq.xyz/kpoints

Not only did Lootbase give me a free $1000 BTC long, they timed the promotion so that the long opened at the local bottom! Based on the wording, it seems they will be giving out more free promo positions in the furure but are limited in availability. Hyperliquid

PUMP case study ~12 hours post TGE: HL is dominating both spot and perps activity. Two takeaways here: 1) Pre-launch and post-launch price discovery both happened on Hyperliquid. 2) This is proof that teams opting out of a day 1 HL spot listing is leaving money on the table.

Hyperliquid is your one-stop shop for all PUMP traders. Unit has just launched spot PUMP here: app.hyperliquid.xyz/trade/PUMP/USDC Premarket perps for PUMP has been live and will likely converted to vanilla perps soon: app.hyperliquid.xyz/trade/PUMP Hyperliquid

Wow, the Hyperstrategy wars are being taken to a new level. This former biopharma company is pivoting to a HYPE treasury co that will be holding 12.6m HYPE! We also now know Paradigm is very bullish Hyperliquid in general with a blurb from Matt Huang in the PR. Hyperliquid

As impressive as it is to hit open interest ATHs two days in a row, this is still far from the ceiling for Hyperliquid. $11b OI represents just ~16% of total crypto OI and that is only counting the current users as of today. Job's not finished.

I’ve heard this since $10. This trend started before staking, network decentralization, HyperEVM, builder codes adoption, quote asset expansion, CEX listings, multi collateral support, etc. Some people convince themselves that being sidelined is the right choice. Hyperliquid

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

FYI, Bybit spot trading will go live in exactly 60 minutes. This is the first T1 CEX listing for HYPE (sorry, Kucoin and Gate don’t count). Brace yourself for some volatility! announcements.bybit.com/article/bybit-… Hyperliquid