First $10,000 is in. @SEALFundHYPE the first charity coin on HyperEVM has sent funds onchain to @_SEAL_Org as part of its mission to support the organisation. @HyperFND are a platinum donor, but it remains underfunded. $SEAL 🦭

⚡️ Hyperliquid is operating in a completely different stratosphere right now. A look at the Notional Volume across Perp DEXs reveals a staggering gap: #Hyperliquid# absolutely dominates with a massive $249.2B — more than double its closest competitor ($106.0B) and dwarfing the rest of the market. Notional Volume by Perp DEX 📊 @HyperliquidX @tradexyz @Aster_DEX @Lighter_xyz @Kalshi @edgeX_exchange @GMX_IO @Ondo @Polymarket @SynFuturesDefi

Is a16z quietly accumulating hyperliquid:native before the next big wave? A wallet entity suspected to be linked to a16z's hyperliquid:native holdings is buying and staking again. Over the past 24 hours, the entity: • Deposited $36M USDC into Hyperliquid • Bought 282,090 HYPE worth ~$24M • Average entry: $81.5 Its total accumulated and staked position now stands at: 4.679M HYPE worth ~$381M With an average entry of around $65.6, the position is currently sitting on an estimated $74.4M unrealized profit. If these wallets are truly connected to a16z, the signal is interesting. This isn't just a one-time purchase. The entity keeps accumulating and staking HYPE.

Top Dapps on Hyperliquid By 7D Volume 📊 ▫️@prjx_hl — $132M ▫️@NestExchange — $20.1M ▫️@HyperSwapX — $17.6M ▫️@LiquidLaunchHL — $9.7M ▫️@RamsesExchange — $9.3M ▫️@metricxyz — $6.6M ▫️@HybraFinance — $2.6M ▫️@KittenswapHype — $2.1M

🚨 Hyperliquid Just Opened a Market for Private AI Two developments this week show where the ecosystem is heading: 1⃣ @Trezor added native HyperEVM support, letting users manage HYPE and HyperEVM assets directly in Trezor Suite while keeping keys offline. 2⃣ @entropyIO launched Anthropic perpetuals on Hyperliquid, backed by a $14M seed round and a $40M hyperliquid:native stake. The Anthropic market is the more interesting experiment. Entropy uses HIP-3 to create a liquid market for a private company that has no public stock price, with a liquidity-weighted oracle that gives more weight to Hyperliquid’s own order-book depth. That means @HyperliquidX could become more than a place to trade existing assets. It could become a price-discovery layer for assets that never had a liquid market in the first place. Think private AI labs, infrastructure companies, indices and other 24/7 markets. Early Anthropic trading reportedly reached ~$3M volume and ~$2M OI in its first 24 hours, showing there is clearly demand, even if the extreme implied valuations also highlight the speculative risk. Put this alongside improving HyperEVM infrastructure and hardware-wallet support, and the bigger picture becomes clearer: Hyperliquid is building both sides of the market with better infrastructure for holding assets, and new markets for trading them. The real question now is whether this liquidity can stay deep enough to make these experimental markets useful, not just exciting.

🚀 HyperEVM Memes Just Got Access to Pump Fun Liquidity .@Pumpfun just opened a new liquidity gateway for HyperEVM memecoins. Users can now trade HyperEVM tokens directly against USDC inside Pump Fun. This is bigger than just another integration. HyperEVM already has launchpads, DEXs, and memecoins. What it lacked was a massive consumer-facing distribution channel. Pump Fun could change that: Launch on HyperEVM → Build traction → Get discovered by Pump Fun traders → Attract more liquidity More retail access could mean: • Higher trading volume • Deeper liquidity • More attention for native launches • Faster capital rotation into HyperEVM memes Pump Fun isn't replacing HyperEVM launchpads. HyperEVM creates the tokens. Pump Fun can bring the trenches and liquidity. The next $EGG could have a much bigger audience waiting.

HIP-3 markets are seeing serious open interest. SP500 leads with $445.9M OI, followed by GOLD at $399.1M and SKHX at $373.6M. With $2.2B+ combined OI across the top 10 markets, Hyperliquid’s HIP-3 ecosystem is putting major traditional assets on-chain. ⚡ Top HIP-3 Markets by Open Interest: 🔸SP500 — $445.9M 🔸GOLD — $399.14M 🔸SKHX — $373.6M 🔸XYZ100 — $22.8M 🔸CL — $152.1M 🔸SPCX — $149.04M 🔸SNDK — $142.2M 🔸SILVER — $136.9M 🔸MU — $130.6M 🔸GOOGL — $119.04M

Hyperliquid Turns $USDC Yield Into hyperliquid:native Deflation Starting today, @HyperliquidX begins accruing revenue from USDC reserves through AQAv2. The key mechanism: • Stablecoin reserve revenue is shared with Hyperliquid • Around 90% of reserve revenue after operating costs can flow to the protocol • Revenue accumulates every 30 days • Funds are sent to the Assistance Fund (AF) • AF uses them to buy HYPE from the market • Bought HYPE is then burned permanently The first earnings start Aug. 26, with the first actual payment expected on Oct. 3. And the potential is huge. Based on current USDC supply and reserve yields, market estimates suggest this could generate roughly $135M-$160M in annualized revenue for hyperliquid:native buybacks. That is NOT an official Hyperliquid forecast, and the actual amount will depend on USDC deposits and reserve yields. More USDC liquidity → more reserve revenue → more HYPE bought → more HYPE burned. Hyperliquid is effectively creating a mechanism where growth in its stablecoin liquidity can directly translate into HYPE supply reduction.

🚀 Dominates RWA OI Across CEXs RWA perpetuals are becoming one of the most interesting battlegrounds in crypto. And one venue is already pulling far ahead: .@tradexyz holds ~$3.73B in RWA open interest, accounting for roughly 78.6% of the RWA OI shown in the chart. The gap is massive: - Gate: 11.4% - Bybit: 3.6% - Binance: 2.1% - Bitget: 2.0% Through its HIP-3 framework, Hyperliquid allows builders like to bring equities, indices, commodities and other real-world assets into 24/7 perpetual markets. The result is a new on-chain venue for trading traditional assets with crypto-native liquidity and leverage. RWA perps on Hyperliquid reached around $3.6B OI at the July peak, while total OI surpassed $11B. Hyperliquid is increasingly becoming a key infrastructure layer for on-chain RWA derivatives, while is emerging as its dominant RWA venue.

📊 Top Biggest Position by Assets Last 24H $BTC leads with a $45M SHORT, while SKHX, GOOGL, $SOL and $ETH see notable LONG exposure. $HYPE also makes the list with a $5.7M LONG position. Detail: 🔴 $BTC — SHORT: $45M 🔴 SP500 — SHORT: $23M 🟢 SKHX — LONG: $22M 🟢 GOOGL — LONG: $15.8M 🟢 $SOL — LONG: $15.6M 🔴 XYZ100 — SHORT: $14.5M 🔴 AAPL — SHORT: $13.8M 🟢 $ETH — LONG: $13.7M 🔴 SNDK — SHORT: $7.45M 🟢 $HYPE — LONG: $5.7M 🟢 CBRS — LONG: $4.7M 🔴 NBIS — SHORT: $4.3M

Does Hyperliquid Really Need an L2? .@Kinetiq_xyz just announced Elysium, a high-performance EVM L2 built with Optimism’s OP Stack for the Hyperliquid ecosystem. But the problem it solves isn’t really perps. HyperCore already handles high-speed order-book trading extremely well. The bottleneck is the ecosystem around it: • HyperEVM has limited throughput to protect HyperCore • Gas can spike during high activity • DeFi and token launches face capacity constraints • Spot activity still lags far behind Hyperliquid’s perps market Elysium aims to change that. It provides a faster EVM environment while staying tightly connected to HyperCore. $HYPE remains the native gas token, while L1Read precompiles allow apps to access HyperCore data directly. This could create a full liquidity pipeline: Token launch → AMM → PropAMM → HyperCore spot → HIP-3 perps So, does Hyperliquid need an L2? For perps? No. For scaling DeFi, spot, token launches and builders? Probably. Elysium isn’t replacing Hyperliquid’s L1. It could be the layer that helps turn Hyperliquid from a perps powerhouse into a broader on-chain financial ecosystem.

HYPE Relative Performance vs. Top Assets 📊 HYPE is leading the pack. 🚀 Over the last 7D: • $HYPE: +35.0% • $ETH: +28.9% • $SOL: +24.7% • $BTC: +21.7% While majors are pushing higher, HYPE is outperforming them all — another sign of growing strength across the Hyperliquid ecosystem.

🚨 Memecoins Are Exploding Across HyperEVM Memecoins are suddenly exploding across HyperEVM Several tokens have seen significant gains over the past 24 hours, with some rising by more than 1,000%: $CHAMELEON: +18.7K% $KORILA: +7.5K% $TOFU: +5K% $EARNY: +3K2% $HYPURR: +3K1% $BUGCAT: +2K9% $SHARTCOIN: +2K4% $EGG: +1K4% HyperEVM has processed $220.6M in volume, up 253% over the past 7 days, while new meme tokens continue appearing on the trending rankings The speculative capital is clearly starting to rotate back into HyperEVM memes The memecoin wave may be coming back

HyperEVM season is getting louder. Don’t just watch the perp meta. Launch or buy a real agent on @PerpGame. One token = AI-managed basket of Hyperliquid perps. Live NAV. Redeemable. On HyperEVM. 75% creator fees for agent launches👇

Agentic perps are not theory anymore. @PerpGame turns real Hyperliquid perp baskets into tokenized AI agents on HyperEVM. One token. One agent. Live strategy exposure. If the agent prints, the token tells the story 👇

🚨 HYPE ETF NET INFLOW SURGES $5.8M IN 24H HYPE spot ETFs recorded a massive $5.8M net inflow on Aug. 20, following the CFTC’s move to bring Hyperliquid into the U.S. in a fully compliant and legal fashion. The regulatory development appears to have triggered a sharp pickup in ETF demand, with HYPE also pushing back toward $70. U.S. expansion is becoming a major catalyst for hyperliquid:native.

🚨 COINBASE BRINGS HYPERLIQUID PERPS TO BASE APP .@coinbase is integrating Hyperliquid-powered perpetual futures into its @baseapp giving eligible users access to 290+ perp markets across crypto, equities, and commodities. Key details: • Up to 50x leverage • Execution powered by @HyperliquidX • Long/short trading directly through Base App • Markets include BTC, ETH, equities & commodities • Available 24/7 for eligible users Coinbase isn’t building its own perp engine. Instead, it is bringing Hyperliquid’s liquidity and execution directly into its consumer wallet. This shows how powerful onchain perps have become. Coinbase says perpetuals now account for roughly 75% of crypto trading volume and are among the most requested features from Base App power users. Coinbase integrating Hyperliquid is another major validation for on-chain perps. If Hyperliquid can eventually unlock the U.S. market, integrations like this could become much bigger.

🚨 TRUMP JUST PUT HYPERLIQUID ON THE U.S. RADAR President Trump said CFTC Chair Michael Selig is working to bring Hyperliquid into the U.S. “in a fully compliant and legal fashion.” The market reacted fast: • $HYPE +17–20% • $PURR +30%+ • Hyperliquid-linked ETFs +20% • A $65K $PURR call trade reportedly turned into ~$111K unrealized gains .@HyperliquidX has become the leading on-chain perps venue while blocking U.S. users. Trump’s comments aren’t approval, but they signal that a compliant U.S. path is being explored. The market is now pricing in the possibility of U.S. access for Hyperliquid. The next catalyst is what CFTC Chair Selig says next.