There's been a lot of discussion on Hyperliquid's margin design. I’ll address some flaws in the common arguments and explain Hyperliquid's first-principles based approach to improving the system. To my knowledge, this is the first such design in margining systems. Perhaps other…

Hyperliquid = HyperCore + HyperEVM. One piece of user feedback since HyperEVM’s alpha launch was to more intuitively communicate how the HyperEVM fits into the larger context of Hyperliquid. To this effect, the native pieces of the Hyperliquid execution state have been organize…

Execution Extremely proud of the community and team for the smooth launch of the HyperEVM. The upgrade happened amidst billions of dollars of daily volume, where the majority of defi derivatives trade. There was no downtime, and no performance degradation after the launch. The…

Excited to see Unit protocol hit mainnet! For the first time, users can trade native assets from another chain using the seamless UX of Hyperliquid. BTC is the most important crypto asset and historically the most difficult to bring to defi. Most wrapped BTC options today invol…

Noticing a trend that important projects have perps on Hyperliquid before anywhere else Informed traders can no longer afford to stay on CEXs

paging all funding arbers again

Even after a full day of CEX listings, TRUMP perps on Hyperliquid are doing 44% of the volume of Bybit: $3.25B vs $7.31B over 24h Users are waking up to the crypto-native way to trade

Paging all funding arbers

In 2024, Hyperliquid 1) redefined the crypto meta to put community above all. With Hyperliquid, there are no investors, no market makers, and no fees paid to any company. Billions of dollars of value were created by a common vision and relentless hard work. This value went dire…

Those who can, do Those who can't, fud

It's inspiring to see tens of thousands of community members secure life-changing wealth as part of the Hyperliquid genesis event. Importantly, none of these people were insiders. They: 1) believed in the vision for a better financial system when no one else would 2) acted on t…

Thanks for having me on, Kevin! Enjoyed discussing Hyperliquid’s backstory and vision

Yesterday's CEX listing drama highlights that even after a decade of defi, CEXs still monopolize liquidity. Builders must make a tough choice between rewarding their community and paying for distribution. Hyperliquid's vision is a unified platform to build applications and tra…

Hyperliquid is bringing the entire financial stack onto one platform. As a proof of concept, PURR now has: 1. Native token ledger 2. Spot order book 3. Built-in oracle 4. Perps trading Each feature is built upon the previous. All live composably on the L1.

Hypermemes

This new layout is the GOAT on monitors

AWS : Cloud infrastructure :: Hyperliquid : Liquidity infrastructure Today, liquidity on Hyperliquid rivals even tier 1 CEXs. With builder codes, this deep liquidity is now permissionlessly accessible for anyone to monetize. AWS transformed the cloud, abstracting away the mess…

Are we so back?

Grateful to build with such a passionate community. Never been more excited about the road ahead

interesting things happening on testnet

BTC OI is growing rapidly on @HyperliquidX and the automated arbers haven't sized up for several hours Could be a decent manual opportunity available in size

During extreme volatility like today, @HyperliquidX is often the most liquid venue across DEXs and CEXs. Even on majors like ETH perps. Liquidity has a reputation for disappearing when users need it the most. The more efficient the market, the more pronounced this effect. It's…

For those who dislike typing: http://hl.xyz

Reminder: the Hyperliquid dev team does not profit from increased activity as it does not collect trading fees. On the contrary, it is entirely self-funded with exponentially increasing burn. There is not a single private investor. >$25M of revenue has gone back to the communit…

record day

The Hyperliquid L1 will be transitioning to HyperBFT, a custom consensus algorithm written from the ground up. The implementation is in final stages of testing on testnet. The mainnet migration is expected to happen in the coming weeks. The Hyperliquid L1 is one of a few chains…

First time I've seen Hyperliquid pay to long BTC and ETH perps 60% APR if hedging on Binance

The scope of Hyperliquid has 10xed twice since inception First time was the realization that the only way to build a scalable perps DEX was to build an L1 from scratch Second time is now. With a critical mass of users and liquidity, there's a path to expand the infrastructure…

PURR spread <1bp Small size but still OPOH

What will it take to move finance onchain? Binance (CEX) + Solana (L1) + Tower (MM) = ? Am I missing anything?