MONK
@defi_monk
Sunny @SyncracyCapital · Prev @Messaricrypto · NFA · Disclaimer:
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Hyperliquid has just flipped Solana in USDC total supply w/ 7.19Bn USDC outstanding across HyperCore and the HyperEVM.
Equally FED rate hikes of 25-50bps increases the implied reserve yield of the USDC supply as per AQAv2.
AQAv2 is approaching $200M/yr in revenue for Hyperliquid.
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A very respected VC in this space once told me Kalshi was going to beat Hyperliquid in perps because of TikTok ads.
CT barely matters now for $HYPE PA, this coin is currently graduating as we speak
It’s crazy HYPE is almost $100 but everyone on CT sold already so no one is celebrating lmao
I think forcing garrett to close was a cathartic blowoff top outcome people were chasing and thats not happening now
Doesn’t matter in the long-run but might stuff some momentum here
Whether you love him or hate him my man @tulipking knows how to grab attention.
You got a good one @notthreadguy
Think Garrett got baited a bit here.
Could have let everyone continue to think he was hurting so that they drive his spot bags higher, but showed his hand because of ego.
$zec going down on the news that it indeed has some kind of Saylor aboard and that previously thought to be directional future buy pressure is in fact semi-hedged future gargantuan sell pressure
LGW
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did more research
very very convicted in this
pumpamentals pumped -> dumped -> repricing inbound
Now that the week has passed, in hindsight, the fomc dip was extremely obvious at range lows
This is why you follow smart money - h/t @Gold_Cryptoz and @defi_monk these guys aren't the best in the biz for nothing
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it’s genuinely hilarious ct is silent today nobody holds anything
orbio <> musebook barbell for ai tech on robinhood
Think this spot looks obvious in hindsight.
Capitulation during an uptrend for a clarity vote that wasn’t expected to pass til ppl got their hopes up two days ago. Ahead of FOMC.
If you’re paying attention, you’ll note that Hypercore now supports:
- Perps (Crypto, RWAs)
- Spot
- Predictions
- Lend / Borrow
- Vaults
In other words, the core DeFi primitives of every L1, but it’s all enshrined and value accretive to HYPE.
The “Chain to House All Finance” is not a meme.
Nothing but air until HYPE is a top 5 coin.
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Happy $HYPE ATH
$HYPE at $90 🥳
The legalization of Hyperliquid is imminent.
CFTC is not playing around.
Wasting no time, yesterday they filed what appears to be a proposed rule for interagency review entitled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.”
Things are going to move fast in DC.
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I’m not overly concerned about revenue when paul is having as much success winning deals as he has. If they become the infrastructure for global lending, monetization will come.
The question for revenue-maxis will be - what price do you pay for a liquid venture play that’s pre-monetization if deposits and loans 10x from here in two years. 20xs? At what point does explosive growth behind an aligned token become something worth owning even without revenue.
Think it’ll be an evolving discussion, and one I’m still working on quantifying, but the most important thing is they keep winning.
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3 ways to play tokenization:
- the exchange layer (UNI + AERO + HYPE)
- the liquidity layer (MORPHO)
- the collateral layer (ENA)
this is obv an ENA shill, but it seems deeply mispriced / misunderstood. there is so much upside if they become the primary collateral layer for idle stablecoins to earn yield from RWAs (spot and derivs).
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JUST IN: Hyperliquid reaches a new all-time high in Open Interest against CEXs!
> Binance: 22,2%
> OKX: 85,5%
> Bybit: 112%
The new generation of crypto streamers and podcasters may be biased, but they produce far more actionable content than prior generations.
The biggest reason why is because they’re actually active in markets.
While I get the sense that the content encourages more crowding into the same retail favorite coins (many hosts tend to reflect what is topical), I also think it provides newcomers with a really good pulse check on the market.
This ultimately reduces the friction for retail to get involved. So over time I expect it will lead to more people trading. Especially on our 24/7 permissionless trading platforms.
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I’m not overly concerned about revenue when paul is having as much success winning deals as he has. If they become the infrastructure for global lending, monetization will come.
The question for revenue-maxis will be - what price do you pay for a liquid venture play that’s pre-monetization if deposits and loans 10x from here in two years. 20xs? At what point does explosive growth behind an aligned token become something worth owning even without revenue.
Think it’ll be an evolving discussion, and one I’m still working on quantifying, but the most important thing is they keep winning.
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