6/
$HYPE
—— An alternative exchange for derivatives/leverage layers
HIP-3 allows anyone who stakes 500,000 HYPE (about $25 million) to build a perpetual contract market on HyperCore. Among them,
trade.xyz
wins over 90% of HIP-3’s open interest by tokenizing U.S. stocks and commodities.
As of mid-2026, among the top 30 assets by holdings on Hyperliquid, 23 are commodities and stocks—not crypto.
There are predictions that by 2027, 75% of Hyperliquid’s trading volume will come from RWA such as stocks, indices, and commodities, whereas in mid-July 2026 the figure was only 52%.
97% to 99% of protocol fees are directed to the Assistance Fund, which repurchases HYPE on the open market; the larger the on-chain U.S. stock trading volume, the faster the buyback-and-burn flywheel.
7: Puzzle Logic
Four coins correspond to four questions:
$ONDO
: Who can move assets on-chain compliantly?
$LINK
: Who can make on-chain prices trusted by institutions?
$UNI
: Who can take on spot trades and liquidity?
$HYPE
: Who can take on leverage and the needs for long/shorting/hedging?
That’s also why the same SEC filing can ignite four entirely different coin tracks—they’re not competitors; they are four links in the same industry chain.
“The Kelly Four-Coin Radar” will be continuously updated. Next issue will break down the stablecoin settlement layer or the top four contenders in the RWA Treasury track.
Stay tuned so you don’t get lost. This main line—on-chain U.S. stocks—is only just beginning to write the script.
$HYPE
—— An alternative exchange for derivatives/leverage layers
HIP-3 allows anyone who stakes 500,000 HYPE (about $25 million) to build a perpetual contract market on HyperCore. Among them,
trade.xyz
wins over 90% of HIP-3’s open interest by tokenizing U.S. stocks and commodities.
As of mid-2026, among the top 30 assets by holdings on Hyperliquid, 23 are commodities and stocks—not crypto.
There are predictions that by 2027, 75% of Hyperliquid’s trading volume will come from RWA such as stocks, indices, and commodities, whereas in mid-July 2026 the figure was only 52%.
97% to 99% of protocol fees are directed to the Assistance Fund, which repurchases HYPE on the open market; the larger the on-chain U.S. stock trading volume, the faster the buyback-and-burn flywheel.
7: Puzzle Logic
Four coins correspond to four questions:
$ONDO
: Who can move assets on-chain compliantly?
$LINK
: Who can make on-chain prices trusted by institutions?
$UNI
: Who can take on spot trades and liquidity?
$HYPE
: Who can take on leverage and the needs for long/shorting/hedging?
That’s also why the same SEC filing can ignite four entirely different coin tracks—they’re not competitors; they are four links in the same industry chain.
“The Kelly Four-Coin Radar” will be continuously updated. Next issue will break down the stablecoin settlement layer or the top four contenders in the RWA Treasury track.
Stay tuned so you don’t get lost. This main line—on-chain U.S. stocks—is only just beginning to write the script.