X256hl

Since @chameleon_jeff changed his bio
I am officially starting a new tin hat cult that the HYPE S3 snapshot has been taken

$4B mcap on $RAVE
Current Annual Funding Rate: -17,520% :DDDDD
Are they going to crime it so much that it flips HYPE in mcap? Why is nobody going to jail for this?

The last time $HYPE traded above $45 was on October 30th, exactly 166 days ago.
At the time:
$BTC was trading at $110,000 (-32% now)
$SOL was trading at $187 (-54% now)
$ETH was trading at $3,850 (-38% now)
Hyperliquid is by far the strongest major in the market.
If we get anything close to a bull run, new price discovery is coming soon.
Hyperliquid

If you had $100k in SOL back in Nov 2024 and bought $HYPE in the first hour when it launched, you would have ~$1.29M today
If you held $SOL the whole time until now, you would have ~$34k
HYPE turned that early buy into ~12.9× your money, while SOL is down ~66% since then
Since then, one token has inflated by over $8B, and the other has bought back and burned over $1B of its own supply
Lesson in that, study HYPERLIQUID

Monitoring the situation
Hyperliquid

For the first time ever, OIL has done more volume today than BTC on Hyperliquid
Almost $4B in 24h volume just on OIL markets
$6.25B overall daily HIP3 volume (new ATH)
HIP-3 Daily Volume vs. Total has hit a 48,5% (new ATH)
Open Interest market share has hit a 6,8% (new ATH)
The RWA era on Hyperliquid

If you want to speculate on potential TradeXYZ airdrop + hidden HYPE S3, this is probably the easiest/cheapest way to do it RN.
@tenorxyz recently launched their MMing bot to the public, and they don’t charge any fees (at least for a month) so the cost to farm volumes is basically the cheapest as it can get (if you don't have your own bot or run DN positions with size)
My average has been around 40-80$ per M, which is pretty good honestly, especially if you only care about Tradexyz volumes. Also, a decent bet to farm overall Hyperliquid volumes while they are quite low, so imo overall not much

Weekly doesn't look the best, but it can flip bullish again very fast
Guess people are already frontrunning the 1% supply unlock from techno
Would love to see some wick to 32-33$ next, let's see if it happens
Monitoring the situation

Avantis just flipped Lighter in daily perp volume
$996.55m vs $969.37m - this is what real adoption looks like
At this pace, it’s only a matter of time until they dethrone Hyperliquid and claim the #1 perpdex crown.
(Just ignore that cute little $13.56m open interest while printing almost $1B volume. Peak organic trading activity, #washtradeseason)

aped some first time since TGE
let's see if rekt, but imo should bounce at least a bit

Hyperliquid continues to carve out meaningful market share in crypto perps
Its global OI market share has risen back to its previous ATH~6.7%
HIP3 Markets are a huge part of its current success, and it won't stop anytime soon, expecting a push towards ~10% pretty soon
A clear signal that capital is flowing toward decentralized derivatives infrastructure
Trend is your friend here
Hyperliquid

$EDGE is currently being crimed up
They made around $200M from the fees and airdropped most of the supply to themselves, so I guess still higher
Funny that it already flipped Lighter in circulating mcap and likely gonna continue at least for some time
I was offline for 3 days and feel like it's been 3 months
GM

HyperEVM so dead that Jeff makes you watch ads to cover gas fees now 💀

I don’t want to sound bearish, but @Markets_xyz ’s stats aren’t looking good
We’re seeing the lowest number of active daily users since January, and OI is down despite us being deep in the “Equity perps” meta
So far, it really looks like “The Winner Takes It All” (@tradexyz)
Similar stats for Felix
Hoping both teams somehow ship so traders start using their markets and help drive $USDH adoption, but that hasn’t really been the case so far
Hyperliquid

Despite the market being fully cooked
HIP-3 markets have hit yet another ATH in Open Interest at $1.82B
Equity perps are absolutely dominating

Hyperliquid usually frontruns the rest of the market since there are "smarter" people bidding it compared to the rest of the majors.
Higher

Remember to bid the strongest asset
HYPE sellers in disbelief

So if you could have gotten into Facebook at 0.01X the price that Peter Thiel got in at, you wouldn’t have?

I've got a balls-tingling sensation that $HYPE is going to send much higher from here NFA