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HL Eco
@hl_eco
House of all Hyperliquid.
27 Following    5.9K Followers
Borrow / Lend tracking is live at HyperCore vs HyperEVM: - HyperCore's share of all lending on Hyperliquid - Total supplied on both ledgers over time, also by lendable supply and by amount borrowed - Market share by lender over time: HyperCore, HyperLend, Morpho, and more. - What is being borrowed on each ledger, stablecoins against HYPE - Stablecoin supply rates on HyperCore against the best HyperEVM markets HyperCore: - Total supplied by reserve over time: HYPE, USDC, BTC, USDT - Total borrowed by reserve over time - HYPE and BTC collateral posted over time - Every reserve's supply, borrowing, utilization and rates - The interest rate model, with where each reserve sits on it - Supply and borrow caps Deposit Rates: - The USDC rate depositors earn on HyperCore, every day since the market opened - USDC borrowed next to the deposit rate - The rate and utilization, month by month HyperEVM: - Outstanding debt and total supplied by market over time - All lending markets ranked by deposits and debt Hyperliquid.
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What is the underlying of a Hyperliquid?
Introducing: A native HyperEVM explorer with analytics and dev tools for CoreWriter, precompiles, HIP-3, HIP-4, and more. HyperCore and the HyperEVM share the same state. This reads both sides of it. Real-Time: every page updates the moment a block lands. Home, blocks, transactions, CoreWriter, any address. You never need to refresh. HyperCore Support: on any transaction that calls CoreWriter, what HyperCore did with the action: executed with the fill, rejected with Core's own reason string, or still pending. Dev Tools: 16 of them. A CoreWriter composer, a read-precompile playground, a dry run of any call with its state diff, and more. HIP-3 and HIP-4: builder DEX indices resolved to real dex names against Hyperliquid's own registry, plus outcomeOp split, merge and negate, settled value, and outcome asset ids. CoreWriter Tracking: every EVM to HyperCore write decoded by action, with the callers ranked and sendAsset broken out by token. 1,057,498 actions since launch. CoreWriter/Precompiles Growth Tracking: the share of HyperEVM transactions that read HyperCore state 10xed in six months. See which precompiles the EVM reads, and which contracts read them. Query and Export: filter any transaction, transfer, internal call or user operation by address, block range and amount, then take the result as CSV. Protocol Analytics: follow a protocol's money, and tell deposits apart from price. Money Flows: capital between protocols, wallets and HyperCore across 580 pairs, netted per pair, with the tokens behind every edge and the counterparties on both ends. Bridge: HYPE and every token crossing in both directions. Liquidations: every lending liquidation decoded, per market, ranked by debt repaid, with the collateral seized. Protocol Growth: month-one retention and cohort triangles per protocol. Concentration: the share of each protocol's transactions sent by its busiest 1% of addresses, which runs from a fifth to nine tenths. Also: name.hl resolution, verified sources, address labels, 4-byte method names, token approvals with one-click revoke, dual-lane gas, and a directory of 59 HyperEVM builder tools. Powered by @Quicknode Hyperliquid.
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Hyperliquid Summit NYC, hosted by @HLglobal_, is a goldmine of knowledge shared by asset managers, builders, academics and policy advocates. Search everything by keyword or meaning, and jump straight to the moment it was discussed, at
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Introducing: Hyperliquid Financials with @HyperliquidR A TradFi-aligned dashboard for tracking and analyzing Hyperliquid. Every dataset exports to CSV for free, so investors and researchers can build their own models.
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Pre-IPO price discovery analysis is live at
Once again @HyperliquidX & @tradexyz do a better job of predicting where a stock is going to trade post-IPO, and once again the bankers under-price the IPO to the benefit of the buyside! @SKhynix IPO'd its ADR in the US. It was generally expected that it would trade at a premium to the Korean underlying. HL was saying >10% at the time of the pricing - it was priced at 3% and immediately jumped to 18%. Again, this is money literally taken out of the existing shareholders' pockets and put into the pockets of the new shareholders'. @hypestrat $PURR
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Comprehensive revenue tracking is live at Revenue by Source: perps, spot, HIP-3, priority fees, auctions, and HyperEVM, every stream as a share of protocol revenue. Income Statement: every fee line down to operating net income and margin, after the HLP cut and the builder and deployer distributions, with HYPE removed vs emitted below the line. Daily Revenue: total protocol income every day since December 2024, stacked by source. Revenue Mix Over Time: how each source's share of monthly revenue has shifted, with HIP-3, spot, and HyperEVM gaining on native perps. Revenue by Market: the individual coins that generate the fees, ranked, counted separately across their perp, spot, and HIP-3 markets. Revenue by Asset Class: the fee mix month by month across majors, HYPE, alts, memes, HIP-3 real-world assets, and spot. Fee Concentration: the share of fees paid by the top 1%, 0.1%, and 10% of wallets, with a Lorenz curve and Gini across every fee-paying wallet. Revenue by Hour & Weekday: when fees land across the day and the week, and the busiest hour and day. Effective Take-Rate: the fee earned per dollar of volume in bps, gross and net, the difference being the builder and deployer take. Builder & Deployer Revenue: the fees routed out to front-ends and HIP-3 deployers, sized against the protocol revenue itself. HYPE Retired Daily: what the Assistance Fund bought back and removed from circulation each day, and the pace it is running. Buyback Cadence: the same buys in finer detail, every bucket down to 5-minute resolution, with the average price paid. Buyback Cost Basis: what the AF paid for its HYPE against where it trades now, and whether the buyback is in profit. Liquidation Fees: the share of revenue that comes from forced liquidations. Hyperliquid.
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Introducing: Learn Every educational resource on Hyperliquid in one place: posts, founder interviews, Spaces, docs and research.
We're very excited to announce that we'll be close partners with @hl_eco going forward. is one of the most comprehensive data platforms for Hyperliquid (if not the most comprehensive), and we're pleased to announce that we'll be working closely together to further improve the website and the data shared with users, analysts, investors, community members, and builders. The main reason behind this collaboration is how aligned @guru__hl is with the Hyperliquid ethos. We share the same vision and ambition: to provide as much value as possible to the Hyperliquid network. This collaboration makes a lot of sense in terms of the synergies and value we can create together, but most importantly, it makes a lot of sense on a human level. Hopefully, we'll be able to share more soon about what we've been working on with Guru, but we're incredibly excited to work closely with someone as aligned and as talented as he is. Hyperliquid.
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We're joining forces with Hyperliquid Research Collective [@HyperliquidR]. The research hub and the data hub of Hyperliquid will build together. A powerful collaboration to make Hyperliquid easier to understand, and to contribute to its continued growth.
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Priority Fees tracking is live at Priority fees are HYPE burned to move faster on Hyperliquid. Two separate burns: write priority, where you pay for a taker order to be filled sooner, and read priority, an auction for faster market-data reads. Both fully tracked. What you can track: - Priority fees as a share of all Hyperliquid revenue, and how that share is growing over time - Which markets pay the most priority, and where it rivals or beats the trading fee itself - Daily HYPE burned for priority since launch, in dollars and HYPE, split write vs read - An annualized run-rate you can model yourself, with sliders for priority growth and HYPE price - The wallets paying the most, 24h and all-time, and how concentrated the spend is - The live read auction in real time, and who is winning it right now - Cost per fill, total fills, and the user base growing over time Hyperliquid.
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Track Hyperliquid Vaults at
By community request, 5 new dashboards are live on trade[XYZ] Overview: the #1# HIP-3 deployer, fully tracked. Volume, fees, open interest, trader statistics, trader concentration, per-market activity and more. Hyperliquid Strategies Treasury History: the Nasdaq DAT's treasury over time. HYPE-per-share accretion, weekly accumulation and its share of HYPE supply. Assistance Fund Buyback History: the AF's HYPE buys over time, by day, week or month, with the average price it paid each period. Hyperion DeFi ($HYPD): the Nasdaq-listed HYPE treasury, now fully tracked. Real Inflation: HYPE's real emission rate. Validator issuance net of the buyback and burns, the emissions reserve, and a forward model of net supply, deflationary at today's pace. Hyperliquid.
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Track Hyperliquid's $SPCX dominance at
Introducing: A real-time analytics dashboard for tracking the performance and dominance of Hyperliquid. brings the full picture of Hyperliquid into one dashboard. $HYPE economics, HIP-3, HIP-4, builder activity, and more. • $HYPE economics in real time: price, fees, revenue, supply burned, AF buybacks, TWAPs, the unstaking queue, validator economics • Hyperliquid market share against every major perp DEX, L1, and CEX | by volume and open interest • Full coverage of HIP-1, HIP-3, and HIP-4 | live deploy auctions, deployer rankings, pre-IPO perps, @tradexyz vs TradFi volumes, weekend RWA mission control, and outcome markets • Wall Street on Hyperliquid | HYPE spot ETFs (BHYP, THYP), the full ETF filing pipeline, every digital-asset-treasury company tracked against BTC/ETH/SOL incumbents, and HL revenue/FDV/P/E vs HOOD, NDAQ, CME, ICE, IBKR • Builder code revenue and HyperEVM activity, tracked in detail • Live capital migration into Hyperliquid from every chain • Stablecoin growth on Hyperliquid, across both HyperCore and HyperEVM • Yield on Hyperliquid | APRs, TVLs, and strategies for every lending market, LST, LP, and vault, HLP included • ~200 ecosystem projects indexed and searchable through a unified command palette. Native localization in English, Chinese, Japanese, Korean, Russian, Spanish, French, Vietnamese, Indonesian, Malay, and Hindi is a public good for the Hyperliquid community. Built to make the underlying of Hyperliquid easy to understand, and its growth simple to share. Hyperliquid.
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What is the underlying of a Hyperliquid?