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entropy

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Tired of trading perps? Entropy is here (a serious dissection of Entropy)1, what is entropy? Maybe you don’t understand #Entropy , but you’ve definitely seen its referral link......(0.0) More precisely, entropy isn’t really a perp—at least not at the moment. So WTF is Entropy? In essence, it’s a tiny scaled-down version (based on trading volume) of trade.xyz.... Based on the #Hyperliquid hip-3 upgrade, any third party can stake 500,000 Hype to create their own perpetual contract market. trade and entropy are examples of such third-party markets—so they’re basically trading frontends for the market. What can you trade with entropy? It says in its Twitter bio: Trade the frontier—trading frontier assets

Tired of trading perps? Entropy is here (a serious dissection of Entropy)

1, what is entropy?
Maybe you don’t understand #Entropy , but you’ve definitely seen its referral link......(0.0)
More precisely, entropy isn’t really a perp—at least not at the moment.
So WTF is Entropy?
In essence, it’s a tiny scaled-down version (based on trading volume) of trade.xyz....
Based on the #Hyperliquid hip-3 upgrade, any third party can stake 500,000 Hype to create their own perpetual contract market. trade and entropy are examples of such third-party markets—so they’re basically trading frontends for the market.

What can you trade with entropy?
It says in its Twitter bio: Trade the frontier—trading frontier assets
GM☕️ These past two days, everything has been covered by Entropy. On the perp platform running on Hyperliquid HIP-3, they want to turn things like pre-IPO companies such as Anthropic, global stocks, and RWA into 24/7 perpetual contracts. The first batch is already live on ANTH and SNDK. The project just raised $14 million, led by Ribbit Capital. It also received support in the form of 500,000 HYPE tokens staked—an announcement said the figure is about $40 million. (Note: this $40 million isn’t an investment; it’s the staking threshold needed to open the market on HIP-3.) As for normal interaction—this is something I haven’t “eaten meat” from in a long time. Project teams have gotten smarter too: the more they airdrop, the less they give—some don’t even send anything at all. Quietly venting: the setup from Ethos Network recently is pretty ruthless. I messed around with a few seasons of XP; in the end there was no free airdrop. They put 20% up for public auction, and the XP-linked bonus is only 1%🫠 The projects I’m still interacting with are now few and far between: - For perps, there’s only Variational left. They call it “interaction,” but really it’s just redirecting some portion of trades that were going to be done anyway; - Prediction markets are basically placing one order every day on Polymarket. Entropy is the same: it’s all about participation. Later they’ll just break off some portion of transactions to route over—do whatever. And referral commissions aren’t being competed for anymore. With such a small amount of visibility to begin with, there’s nothing meaningful to “race” for🤣 As for airdrops: if they give, they give; if not, then too bad. I honestly don’t have the drive to keep doing free labor for project teams every day anymore. #Entropy #Hyperliquid
GM☕️ These past two days, everything has been covered by Entropy.

On the perp platform running on Hyperliquid HIP-3, they want to turn things like pre-IPO companies such as Anthropic, global stocks, and RWA into 24/7 perpetual contracts. The first batch is already live on ANTH and SNDK.

The project just raised $14 million, led by Ribbit Capital. It also received support in the form of 500,000 HYPE tokens staked—an announcement said the figure is about $40 million. (Note: this $40 million isn’t an investment; it’s the staking threshold needed to open the market on HIP-3.)

As for normal interaction—this is something I haven’t “eaten meat” from in a long time. Project teams have gotten smarter too: the more they airdrop, the less they give—some don’t even send anything at all.

Quietly venting: the setup from Ethos Network recently is pretty ruthless. I messed around with a few seasons of XP; in the end there was no free airdrop. They put 20% up for public auction, and the XP-linked bonus is only 1%🫠

The projects I’m still interacting with are now few and far between:

- For perps, there’s only Variational left. They call it “interaction,” but really it’s just redirecting some portion of trades that were going to be done anyway;
- Prediction markets are basically placing one order every day on Polymarket.

Entropy is the same: it’s all about participation. Later they’ll just break off some portion of transactions to route over—do whatever.

And referral commissions aren’t being competed for anymore. With such a small amount of visibility to begin with, there’s nothing meaningful to “race” for🤣

As for airdrops: if they give, they give; if not, then too bad. I honestly don’t have the drive to keep doing free labor for project teams every day anymore.

#Entropy #Hyperliquid
entropy is the latest HIP-3 exchange on Hyperliquid. The 100% maker rebate only supports their own trading pairs; currently, only ANTH and SNDK. Everyone, please don’t assume that every trade has cashback. Start early, and stack some points~ Invitation code https://entropy.io/?r=quantumstrider2048 #Entropy
entropy is the latest HIP-3 exchange on Hyperliquid.

The 100% maker rebate only supports their own trading pairs; currently, only ANTH and SNDK. Everyone, please don’t assume that every trade has cashback. Start early, and stack some points~
Invitation code https://entropy.io/?r=quantumstrider2048

#Entropy
⚰️ During the first half of the year, #خسر , the market has already had more than 80 cryptocurrency projects. ➠ Since the beginning of 2026, at least 80 cryptocurrency projects have announced that they have closed or suspended development. ➠ Of these, 16 previously received investments of no less than $10 million (excluding parent companies). ➠ The largest investments went to projects Yupp ($33 million), #Syndicate ($27.8 million), and #Entropy ($26.95 million). Their funding rounds were led by the a16z fund. ➠ The list is still growing. Just yesterday, platform #Oxium announced its closure.
⚰️ During the first half of the year, #خسر , the market has already had more than 80 cryptocurrency projects.
➠ Since the beginning of 2026, at least 80 cryptocurrency projects have announced that they have closed or suspended development.
➠ Of these, 16 previously received investments of no less than $10 million (excluding parent companies).
➠ The largest investments went to projects Yupp ($33 million), #Syndicate ($27.8 million), and #Entropy ($26.95 million). Their funding rounds were led by the a16z fund.
➠ The list is still growing. Just yesterday, platform #Oxium announced its closure.
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