
steven.hl
@stevenyuntcap
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Chief Degen Officer @YuntCapital. Tweets are opinions, not financial advice.
Joined September 2016
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 bucket list update (HYPE $27): .- 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.
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Before HYPE launched, I wrote a thread debunking claims that HYPE would be a down only airdrop. The thesis was simple. All of crypto was sidelined: VC money were rejected, MM's can't get a token loan, etc. Paradigm aping $20M+ on TGE is the embodiment of this. Hyperliquid.
Yesterday, I made a post claiming that @paradigm is holding a large amount of $HYPE without providing supporting evidence. Here's the data and wallet analysis behind that claim:. Paradigm initially bought HYPE using @FalconXGlobal , which operates on
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This was ChatGPT’s answer to my question.
I asked ChatGPT how bullish the SEC’s “Project Crypto” is for BTC, altcoins and $HYPE. Here’s the TLDR:.• Bitcoin – 85/100: Strong tailwinds from regulatory clarity. • Altcoins – 70/100: Bullish for DeFi, stablecoins & tokenization plays. • HYPE – 90/100: Built for the.
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Spot markets have up to 50% fee share - @hyperunit dominates this. Builder codes allows you to monetize your own perps front-end - @phantom utilized this. HIP-3 enables custom perps - Launch by @kinetiq_xyz will use this as an Exchange-as-a-Service (EaaS) product. Hyperliquid.
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Circle is officially bringing native USDC to Hyperliquid! This means:. Institutional onramp/offramp support. Moving USDC across chains will be simple via CCTP V2 (native USDC on HyperEVM!). Hyperliquid is officially no longer an L3 chain on top of Arbitrum. Hyperliquid.
Native @USDC and CCTP V2 are coming soon to @HyperliquidX. What native USDC brings:.✅ A regulated, fully reserved stablecoin, redeemable 1:1 for US dollars.✅ Institutional on/offramps via Circle Mint.✅ Liquidity for DeFi, trading, perps, and more. What CCTP V2 unlocks:.✅
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Betting on HL isn’t betting on “onchain Binance”. It’s betting on the upside of commodified perps. We saw a crypto wallet provider seamlessly add perps to monetize their existing user base and generate $1M in fees in just 2 weeks. This is just the first of many. Hyperliquid.
hyperliquid going the route of liquidity as a service dramatically increases its valuation and is probably one of the best trades one can take in size for the next few years.
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In just 2 years, Hyperliquid is quickly rising to become a similarly sized business as Robinhood:. Market cap: 14B (HYPE) vs 93B (HOOD). June 2025 platform volume: $231B vs $150B. Q2 2025 revenue: $173M vs $1B. Lifetime buybacks: $400M+ vs $600M+. Hyperliquid.
Hyperliquid Trading Volumes > Robinhood Trading Volumes. @HyperliquidX Spot and Perp Volumes flipped @RobinhoodApp trading volume!. $HOOD did ~$150B in June '25 down from $192B in May '25. $HYPE did ~$231B in June '25 down from $256B in May '25. Soon Robinhood vs Hyperliquid
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Looking at HL optimistically is all you needed to do to outperform since 2023. Pessimism leads to:.> HL activity is just wash traders.> Jeff is going to steal your money.> Airdrop farmers will send HYPE to zero.> NK is about to hack HL.> Team is gonna dump on you. Hyperliquid.
@infinitybanyan Starting in November there will be huge monthly token unlocks. $450 million per month. It's plausible hype goes above $50 next cycle if team continues executing well. But for now it's cooked.
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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.
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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.
Hyperliquid Assistance Fund update (6/22 - 7/10):.- HYPE holdings: 26m tokens (+1m in 19 days).- Highest buyback day: 6/23 ($3.93m).- Lowest buyback day: 6/28 ($615k).- Average buyback per day: $1.96m.- Cost basis during this buyback period: ~$37.36.
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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.
A lot of CT seems to be bullish Coinbase perps, so lets take a quick poll. Currently, CB international (168 pairs) has $940m OI. BTC-USD perps on HL has $3b OI. How long will it take for CB international + CB US perps to flip HL's BTC-USD OI?. Hyperliquid.
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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
Introducing BAM: The Block Assembly Marketplace that revolutionizes how Solana processes transactions. Private. Transparent. Verifiable. This is how Solana wins ⬇️
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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.
Open interest has reached new all-time highs seven days in a row. Today's OI record was $13.8B. Fees also continue to grow, with a new ATH in 24h fees of $6M.
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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.
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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.
Why you should focus on Hyperliquid Frontend Wars and not on CLOB wars. I'm pretty sure you've heard many times about CLOB Wars in the last few months. It might sound even real (so many perp dexs fighting for their piece of cake right?). But let me say something pretty obvious:
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