Bangalore really showed up. 140+ people hanging out. 8 teams showing what they are building. The best part was everything in between. Traders comparing notes, builders explaining things on the spot. Huge love to everyone who came through and made the vibe what it was. Big thanks to our partners for backing the day and supporting the ecosystem @ragafinance @liquidtrading @WalletV_io and @FLIXdotFUN for covering the event. More soon. India is cooking.

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

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

Testnet for @Enter_Elysium is now live. Usher in @HyperliquidX's general-purpose endgame.

Happy ATH to those who celebrate!

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.

I like Hyperliquid

Giving away 1 Bronze Key on @sizedotclub, worth $1,000 in funded account attempts. Size is a new prop firm built on Hyperliquid, and they’re currently running a $1M Preseason Campaign for the top 500 traders. To enter: 1/ Sign up: app.size.club/r/hyperliquid 2/ Reply with your Size username or email 3/ Follow @sizedotclub and join their Discord: discord.gg/guj9JcUxcJ Ends in 2 days. A Bronze Key gives you $1,000 in funded account attempts and a shot at competing in the Preseason Campaign. Campaign: app.size.club/campaign

Imagine trading perps on this.

Hyperliquid aligned.

MegaHence is live 🎟️ We have teamed up with @megapot to offer all our users a shot at a $1,120,472 prize pool. All you have to do is sign up to Hence and place your first trade to earn up to 5 Megapot tickets. Earn more when you: • Trade five days in a row • Create and trade a thesis • Keep trading 100% of your trading fees return as Megapot tickets, minted directly to your wallet. Big bonus ticket pool. Fee-based tickets uncapped. Take your shot: app.hence.markets/win Join the community: t.me/tryhence

First in my bloodline to see $HYPE priced in INR on an Indian news channel.

$100 per $HYPE loading...

Kinda chic to hold $HYPE

At today’s White House Crypto Summit, President Trump said CFTC Chair Mike Selig is working to bring Hyperliquid into the United States “in a fully compliant and legal fashion.” Read that again. Hyperliquid. White House. United States. $HYPE.

Hyperliquid.

Hyperliquid.

Gmeow! The chads from @Hyperliquid_In featured @ironflowsh in their fresh newsletter 🔥 This is the WAGMI and community vibe we need!

Hyperliquid India x Stratium is LIVE. Trading, HIP-3, and everything in between. Bring your questions. See you there 👇

We’re hosting an AMA with @StratiumX on August 9 at 7 PM IST. We’re talking with the team about what they’re building on Hyperliquid, including perps, prediction markets, and structured finance. They already have products live, but some of the more interesting stuff is what they’re working on next. Set your reminder: nitter.net/i/spaces/1vJpPPMmwYVJE

Where is India’s trading? We wanted to understand where Indian traders are going and why. This report explores what we found and what it means for builders.