Open interest reached an all-time high of $18B on Hyperliquid

Most tech giants in the 2000s built their infrastructure and product as one entangled unit. Amazon had the foresight to separate out AWS as an API layer, of which Amazon retail was the first of many users. Today, AWS generates more profit than all of Amazon's other business lines combined. Hyperliquid is built with the same philosophy. Housing all of finance requires thoughtfully designed, open financial primitives. Each primitive should obey the Unix principle of "Do one thing and do it well." Talented builders then have the foundation to chain these together to create magical applications. HyperCore borrowing is an example to highlight this philosophy in action. Most other platforms implement portfolio margin by marking an account's collateral to market value with an LTV haircut, creating borrowed assets without an explicit lender. This system is simpler to implement, but misses a golden opportunity for composability. Hyperliquid instead begins with a borrow/lend protocol on HyperCore. Every borrowed asset is sourced from a supplier, so risk is isolated within the borrow/lend primitive instead of platform-wide. HyperCore's portfolio margin system is implemented as an orchestration layer that composes borrow/lend, with other primitives such as perps, spot, and outcome trading. This decomposition has several nice corollaries: 1. Today's announcement of manual borrowing is not a new feature, but simply an extension of the underlying primitive. Borrowers on day one have access to 400M and growing of supplied liquidity. 2. Portfolio margin users earn interest on their idle stablecoin collateral. This is not a new feature, but a natural byproduct of composing trading with lending. 3. System safety is easier to reason about when perp and borrow/lend margining are independent. In the same way that math theorems almost prove themselves when the right abstractions are defined, composable designs just feel right.

Payward 🤝 @HyperliquidX We're building permissioned Hyperliquid HIP-3* markets for US clients.

HYPE is now making new ATHs above $80. Those of you in the old school who did not think President Trump would ever say Hyperliquid simply do not understand the importance housing all finance. The future of finance coming onchain is mathematically programmed in this paradigm.

Jeff Yan once again showing why he's one of the best capital allocators in the world. Assistance fund purchase: 46,600,000 HYPE units Cost: $1,239,560,000 M2M Value: $3,584,355,794 Profit: +$2,344,795,794

Hyperliquid's biggest barrier was that its positioning as a permissionless onchain market layer did not fit legacy market definitions, so it could not be offered to US investors. The CFTC working with Hyperliquid shows it is now important enough to warrant updated policy, likely one that recognizes onchain venues as a legitimate alternative to DCMs. This is easily Hyperliquid's most important catalyst: an updated market structure lets US brokers route through HyperCore, putting 24/7 perps, spot and outcome markets in front of millions of US investors. Hyperliquid

The United States has a choice. We can either write the rules that define the next generation of financial markets, or we can let other countries write them for us. Under @POTUS' leadership, we’ve made our choice: America will lead.

Hyperliquid.

Type shit Hyperliquid

*TRUMP: CFTC WORKING TO BRING HYPERLIQUID INTO THE UNITED STATES IN A LEGAL FASHION

🚨 TRUMP: « THE SEC CHAIRMAN IS WORKING TO INTRODUCE HYPERLIQUID TO THE UNITED STATES​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ »

[🌲] TRUMP: SEC CHAIR WORKING TO BRING HYPERLIQUID INTO US

Africa's largest crypto exchange will power their core perps offering directly using Hyperliquid's onchain liquidity. This is a major milestone that will redefine how the next generation of financial applications are built. The breakthrough of cloud computing was that any startup could quickly test their idea, with the comfort that the infrastructure would scale with their business. As the most liquid global venue for assets such as BTC, Hyperliquid will play the same role in the global economy. By tapping into the deepest onchain liquidity, builders can instead focus on their product and users. Huge congratulations to the VALR team. We are honored that they chose to build on Hyperliquid. Excited to scale together!

VALR, Africa's largest crypto exchange by trading volume, is using Hyperliquid as the onchain infrastructure layer to bring perpetuals to its users. This marks the first time a centralized exchange has integrated Hyperliquid directly. By building on Hyperliquid, VALR can focus on the experience and interface its users trust. Users benefit from Hyperliquid's deep liquidity and onchain transparency, while never having to leave the VALR platform.

In January + February it was gold and silver. In March + April it was oil. In May it was semiconductor equities. In June it’s $SPCX. In the months ahead I’m sure it will be something else… Are you getting it now? You will trade everything on Hyperliquid and be happy. Long $HYPE and the financialization of everything.

ty jeff

Hyperliquid (Tradexyz) traders predicted the exact opening price of SpaceX. The Hyperliquid SpaceX perp was trading at 171 just 1 minute before they announced the starting price of $171 per share. app.hyperliquid.xyz/trade/xy…

Hyperliquid