Bnb_wizard

The Evolution of Crypto Applications and the Rise of Hyperliquid 🚀

1/ A common critique in crypto: despite massive infrastructure advancements, user applications often fail to find product-market fit (PMF) beyond early core innovations. Let's discuss how that's changing, with a focus on Hyperliquid—a project shaping the future of DeFi.

2/ Pump.Fun is an example of a crypto-native app that found PMF by catering to speculation. It democratized token creation and mitigated rug-pulls via locked liquidity. The result? High fees, strong revenues, and a top spot among protocols in financial metrics.

3/ Now to the main event: Hyperliquid, a next-gen spot & perpetual trading protocol on its own Layer 1 (L1) blockchain. It aims to rival centralized exchanges (CEXs) like Binance with a blockchain-powered edge.

4/ What is Hyperliquid?
Think of it as an "on-chain Binance." It combines the familiarity of traditional trading platforms with blockchain's transparency and security. While not fully decentralized yet, that's the ultimate vision—an on-chain order book for spot, derivatives, and more.

5/ By the Numbers:
Launched in 2023
200K+ users
$450B+ cumulative trading volume
$2.5B+ open interest
$1.2B+ capital inflows
It’s now a dominant player in USDC liquidity on Arbitrum.
6/ Features Driving Success:
Hyperliquid offers:

A sleek UI/UX rivaling top CEXs

Vaults for market-making and liquidation strategies, democratizing advanced trading strategies for everyday users

Tools for discretionary and copy-trading strategies, boosting community engagement.

7/ Expanding Ecosystem:
The platform is growing fast with:

Telegram bots (e.g., Hypurr Fun)

Integrations with Insilico Terminal and Rage Trade

Upcoming projects like Hyperlend (lending protocols), adding depth to the ecosystem.

8/ Tokenomics:
Hyperliquid's token, HYPE, saw the largest airdrop in crypto history: 30% of supply distributed to 94K+ wallets. This created wealth for early adopters, fueling loyalty and reinvestment.

9/ Post-TGE, HYPE’s price surged—helped by no external funding, minimizing sell pressure. It’s a community-driven token economy with plans for governance, revenue sharing, and burn mechanisms.

10/ What’s Next?

HyperEVM: A move toward greater decentralization

New collateral types and fiat onramps

Major exchange listings for HYPE

Continuous innovation around governance and ecosystem growth

11/ The Vision:
Hyperliquid is building a unified, on-chain financial system. From spot trading to derivatives, it’s laying the groundwork for a hybrid CEX/DEX model powered by an L1 EVM.

12/ Founder Jeffrey Yan puts it best:
"We're just getting started. Hyperliquid is creating the future of finance—join us in building this new system."

13/ Conclusion:
Hyperliquid isn't just a protocol; it’s a movement to redefine DeFi. With strong community engagement, innovative features, and ambitious goals, it’s a project to watch
closely.

What are your thoughts on Hyperliquid? Let’s discuss. 👇

Hey everyone, let's dive into something that's been on my mind lately: Hyperliquid's revenue. You've probably heard about this platform if you're into DeFi, but did you know just how much they're pulling in? Here's a breakdown of their financials that might surprise you:

So, Hyperliquid has three main ways it makes money:
Spot Listing Auction Fees: This is where projects pay to get their tokens listed on the exchange. It's pretty standard in the crypto world, but not always the biggest earner.
HLP MM PnL: That's the profit from their market-making activities. Think of it like the casino's edge in betting; they provide liquidity and earn from the spread.
Platform Fees: Now, this is where it gets interesting. Until recently, this was kind of a black box. But guess what? The team has started to shed light on this.
Here's the deal: on most exchanges, the team or insiders with big token holdings get the lion's share of the fees. But Hyperliquid? They're different. They're actually directing these fees back to the community. That's right, the HLP token holders and something called the 'assistance fund' are the beneficiaries.
Now, let's talk numbers. The Hyperliquid team used a vanity wallet to buy their HYPE tokens when it launched. By looking at the blockchain (because it's all out there in the open), we can see where the funds came from. This wallet's gains are part of the platform's revenue.
So, if we add up Hyperliquid's revenue from the HLP vaults and this assistance fund, they've managed to rake in around $96 million this year. That's significant, folks!
And just for a bit of fun, if you count the mark-to-market value of HYPE tokens, we're talking about a total that could push towards $126 million. But let's be real, that's a bit speculative and can fluctuate like crazy.
What does this mean? Well, Hyperliquid isn't just any DeFi platform. With this kind of revenue, they're punching above their weight, especially with no venture capital backing. They're one of the top earners in crypto this year, right up there with the big names.

And remember, these numbers are just from the past year. Hyperliquid's been growing like wildfire. Trading volume, inflows, users - you name it, they're on the rise. It's going to be fascinating to see where they're at this time next year.

Keep an eye on Hyperliquid, folks. They're making waves in the DeFi space, and it's going to be interesting to watch their journey unfold.
#HYPE #Hyperliquid