Until we house all of finance. (800, 800) CoFounder @hyperbeat
Joined May 2023
- Tweets15.7K
- Following1.1K
- Followers12.5K
- Likes25.8K
HyperEVM not affected btw because EIP-7702 not supported on this version of the chain haha
Dino chain tek winning lfggggg
1/4 EIP-7702 can turn the wallet itself into the sweeper.
A Binance-labeled wallet moved 167,464 ETH + 63 tokens, including 1.615B USDT, just 3m24s after a signed delegation was installed.
This is bad.
etherscan.io/tx/0x53bd38b816…
800.HL retweeted
Joining forces with @tradexyz
Welcome to our community.
trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States.
In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch.
We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress.
ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid.
Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it.
ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one.
We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them.
To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story.
Anything. Anytime. On ICE[XYZ].
800.HL retweeted
Growing up in the United States, NYSE was synonymous with the story of American capitalism. I vividly remember learning about the Buttonwood agreement in 9th grade history class. 24 stockbrokers met under a tree on Wall Street and formed the beginning of what would become the world's financial center. From pits to computers to now onchain markets, America has always led the way in innovating markets to improve price discovery and capital formation. Today the next chapter begins with ICE, trade[XYZ], and Hyperliquid.
ICE started as an electricity-trading platform in 2000, growing to acquire NYSE itself in only 13 years. It is a key infrastructure provider of America’s energy, bond, and mortgage markets. ICE is a rare story of exponential growth of a financial giant over decades, continually embracing innovation and technology.
trade[XYZ] was the first HIP-3 deployer and responsible for spearheading the flourishing global RWA perpetual market today. Only a year ago, trade[XYZ] launched its first RWA perpetual markets. They took a bet on HIP-3, which had just launched after months of tireless development. Having followed their journey from day 1, I cannot overstate how much Shoku and the team have poured into growing these markets to a genuine source of price discovery for the most important assets in the world.
Over the past three years, Hyperliquid has pioneered onchain infrastructure to house all of finance. Hyperliquid is nothing without its world-class builders. I am honored that trade[XYZ] and ICE have chosen to build on Hyperliquid to bring perpetual contracts to America.
When I first spoke to Jeff Sprecher around a year ago, he asked what success looks like to me. I thought for some time and joked that it would be seeing ICE building on Hyperliquid's technology. I could never have predicted the progress that we've made as a community in a single year to make this come true. Excited to see what we can build together next.
Intercontinental Exchange (ICE) and trade[XYZ] have announced their plan to use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US traders across crypto, equities, commodities, foreign exchange, and other real-world assets, subject to regulatory approvals. ICE operates NYSE and some of the largest exchanges and clearing houses globally.
In this structure:
+ Hyperliquid serves as the underlying technology infrastructure via HIP-3*
+ trade[XYZ] designs and implements the markets
+ ICE operates the regulated market and clearing structure
Existing trade[XYZ] HIP-3 markets will remain unchanged.
Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.
Been thinking more about how spot tokenised stocks play out on @HyperliquidX
Right now we have @xStocksFi (10 stocks) and @eqxlabs (11 stocks).
They have to pay around $40 000 per ticker and try to recoup those costs through trading fees on spot markets (Where volume is really low relative to perps).
Most players will use a RFQ system for larger users to get in and out with size (But then there are hidden fees with those).
And if the best way to get in and out with size is RFQ then why do they need to deploy it on HyperCore, why not just on HyperEVM (Where the utility is to collateralize it on lending markets) and no need to pay the ticker fee (Assuming people aren't really going to trade in and out of it on HyperCore but rather just take a position via RFQ and sit on it)
As far as I can tell the economics just don't work to deploy 1000 tokenised stocks on HyperCore, unless those spot stocks get added to portfolio margin at some point but it seems unlikely.
The bigger opportunity is to compete with brokerages around the world (i.e. @IBKR), but if liquidity is always going to be bad, and RFQ fees disincentivise adoption for whales, then why would any user rationally switch the stock holdings to Hyperliquid.
I'm still waiting for @tradexyz to release their implementation and to se how that plays out
What do you guys think?
$HYPE
800.HL retweeted
trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States.
In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch.
We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress.
ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid.
Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it.
ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one.
We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them.
To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story.
Anything. Anytime. On ICE[XYZ].
Been thinking more about how spot tokenised stocks play out on @HyperliquidX
Right now we have @xStocksFi (10 stocks) and @eqxlabs (11 stocks).
They have to pay around $40 000 per ticker and try to recoup those costs through trading fees on spot markets (Where volume is really low relative to perps).
Most players will use a RFQ system for larger users to get in and out with size (But then there are hidden fees with those).
And if the best way to get in and out with size is RFQ then why do they need to deploy it on HyperCore, why not just on HyperEVM (Where the utility is to collateralize it on lending markets) and no need to pay the ticker fee (Assuming people aren't really going to trade in and out of it on HyperCore but rather just take a position via RFQ and sit on it)
As far as I can tell the economics just don't work to deploy 1000 tokenised stocks on HyperCore, unless those spot stocks get added to portfolio margin at some point but it seems unlikely.
The bigger opportunity is to compete with brokerages around the world (i.e. @IBKR), but if liquidity is always going to be bad, and RFQ fees disincentivise adoption for whales, then why would any user rationally switch the stock holdings to Hyperliquid.
I'm still waiting for @tradexyz to release their implementation and to se how that plays out
What do you guys think?
$HYPE
Hyperliquid Earn $USDC has surpassed
@Morpho Spark USDC Vault
@JupiterExchange Lend USDC
@Morpho Steakhouse USDC
Final bosses:
@aave USDC
@maplefinance USDC
Reminder that every $USDC on @HyperliquidX means treasury yield being earned and $HYPE bybacks
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