you are simply not getting lower prices, we had the worst cross-asset underperformance in crypto's history while stocks went parabolic & bottomed on the worst public industry sentiment in years OGs waiting for 4 year cycle bottom are going to chase this rally, & crypto starts to look very attractive as a momentum trade for tradfi guys looking to diversify their exposure & but also for LT portfolio allocations as a hedge against the US' fiscal irresponsibility

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.

with claude code, return of defi, and resurgence of cryptocurrencies seems like 90% of the next year's worth of exciting innovations will happen in our home turf highest density of scalable experimentation & lowest friction of capital formation MP

onchain activity exponentially spiked 4x last month and currently retracing -70% this month to ~previous levels hyperliquid activity pumped 2x last month and keeping +50% of the growth think we'll see new ath sooner than later re: $HYPE sticky growth arc Hyperliquid.

// onchaining, volume, and time windows for onchain, normally peak volumes & peak organic activity are 11am - 1pm est weekdays and 12am-1am est weekdays (broader high volume 8am-2pm est 11pm-2am est) 1st and 15th of a month normally has more volume mon, tues, thurs has default highest volume unless u can stomach drawdowns, normally the best time to play is during those hours or positioning right before (<15m) although not always, normally most onchain charts retrace after peak volume hours pass (unless if theres a catalyst or some larger onchain wallets suddenly start bidding) onchain is a very, very risky place to be in - the volatility itself is what gets ppl excited, every bit of edge counts to ppl newer to onchain -> i honestly dont recommend jumping in, the learning curve is steep and u will end up losing money, i dont really want that, if u're used to macros equity perps then best stick to it since there is also good plays there, if u have experience in something best stick to it and don't fomo - market is big, there are a lot of plays across asset classes, onchain won't make sense if u are used to trading equities, equity perps, options to ppl who are native to onchain & have onchain experience before -> ngl, these are some of the best times the space has had in a while

current bias on equities going into earnings season & fomc: wednesday 07/22 -> capex sector $mu $intc goes up post goog earnings weekend 07/25 - 07/26 -> last war black swan headline long flush monday 07/27 -> shaky to flat us capex // $cxmt ipo good amount priced in tues 07/28 -> big up post-fomc (no cuts, but forward-looking outlook revised to be less hawkish -> severe big up on risk-on) wed 07/29 -> strong up continuation post-aapl earnings (reversal of aapl price hike that started micron downfall) ------ positioning: bidding $mu $intc $hood $nvda $spcx today, half at 945am & 10am monday 07/20 half at 3.45pm close nfa dyor, glhf!

with claude code, return of defi, and resurgence of cryptocurrencies seems like 90% of the next year's worth of exciting innovations will happen in our home turf highest density of scalable experimentation & lowest friction of capital formation MP