A stream of consciousness on Hyperliquid and why today, it is sillier than ever to argue that there will be an even remote challenger to its throne. I should start this by saying that I am the most biased possible archetype who can be writing this, and funny enough this is one of the many forms of edge that Hyperliquid has — I, alongside many others, are as "all in" as you can be on this ecosystem by not only conducting >99% (if not more) of onchain activity in this ecosystem, as well as building whole heartedly in it (via @kinetiq_xyz).

Having come to Hyperliquid in mid 2023 when it was still in closed alpha, and simply a budding perp DEX and seeing it grow into what it's become today — a fully fledged ecosystem breaking norms left and right
— is nothing short of a success in the order of the highest magnitude in the world of crypto, but in the the world of global finance, still infinitesimal (remember, this is what Hyperliquid is aiming for)

There are many objective points to be made as to why this has become the case, and why Hyperliquid's true value is completely misunderstood, and this fact became even more apparent in recent days as people begin to yell from the mountain tops that "x is the Hyperliquid of x"

Time to dive further:

What is HIP-1?

One of the most underrated parts about Hyperliquid is the ability to permissionlessly launch your own token with a fully onchain orderbook.

This means you win an auction with payment in $HYPE.

No politics. No under the table deals. No nonsense. Hyperliquid spot markets have no "listing criteria" or "requirements".

You simply secure the right to launch your own token on your own terms completely –– just win the auction in $HYPE.

Auctions run once every 31 hours, and can be tracked in a more user-friendly way here: hypurrscan.io/dashboard

Auctions have a "floor" of 500 HYPE, meaning that this is the lowest they will currently cost.

Whatever the auction price closes at, e.g. 1,000 HYPE –– the new auction opens at 2x that price, and will gradually come down to a floor of 500 HYPE if not purchased within the 31 hour period.

Straightforward, it is completely PvE, fair, transparent.

Pt. 2 responses thread

https://twitter.com/0xOmnia/status/1926972774318297425

Fund 1 // MM Firm

"I joined one of the fastest growing mm firms to help accelerate liquidity provisioning on Hyperliquid but to my dismay, their positioning on it is not bullish at all and while their skepticism is understandable, a seismic shift driven by the invisible hand of the markets is underway. I’m seeing a gradual embrace towards the inevitability of Hyperliquid"

bro is an enjoyooooor but the team is clapped buddy

Seeing a lot of difficulty (somehow??) to bridge into HyperEVM, and it's way simpler than you think, please don't overcomplicate it for yourself and others.

Quick ez mode guide on how to do it: Option 1:

Bridge $BTC, $ETH, $SOL into @HyperliquidX via @hyperunit

Very straightforward –– go to:

Hit "Deposit" (pic attached)

$SOL deposits are by far the quickest, legit as I've mentioned before, quicker than even using Phantom imo from experience app.hyperliquid.xyz/portfolio

ahhhh ight its time to thread on this and communicate the signficance of being a Capsule LP (Envoy)

prepare for alfa 🪬

https://twitter.com/Protectoratexyz/status/1673391166077784064

many are wondering the following:

"what the actual fuck is the difference between Capsule Deployment and Event Horizon?"

Let's break it down (tldr; v simple):