The more I think about this Coinbase partnership, the more I believe it is Hyperliquid’s biggest announcement all year. Stablecoin yield is the largest revenue source in the industry next to trading fees and Hyperliquid is now the first blockchain to internalize both. This is a fundamental transformation of Hyperliquid as a business. Yield sharing enables Hyperliquid’s revenue to scale more directly with deposits, rather than just trading volume. And because deposits tend to be stickier than volumes in downturns, this could make Hyperliquid’s buybacks more resilient across cycles. For example Hyperliquid stablecoin deposits are currently only down 15% from ATHs compared to monthly volumes down 55%. Zooming out, there’s currently ~$80B in stablecoins deposits on Binance, Okx, and Bybit compared to ~$5B on Hyperliquid. It doesn’t take crazy share gains or sector wide growth for the revenue numbers from yield sharing to get crazy for $HYPE. Think $300M - $500M in incremental run-rate revenue from yield sharing is achievable within next 12 months, and billions in the years beyond as the cryptoeconomy reaccelerates. Hyperliquid.

kinda crazy to imagine if nous research was still a subnet after the massive success of hermes agent that subnet would be going vertical + the entire tao ecosystem would be going crazy

this is good btw it compresses the lower/mid rarity costs without destroying top-end rarity. It creates a more liquid rarity ladder that will allow for easier price discovery id expect some further optimization but there will always be a theoretical lower bound due to needing to touch mainnet and interreacting with the uPeg contract see the tables below it shows the current expected cost to mint upegs at various levels with 3 different costs per roll. Even in the most optimized scenario the top match levels across both traits and colors are extremely costly. what does this mean? it means that if you hold a upeg with 6+ trait match level or a 5+ color match it will always be rare. Top end rarity remains intact no matter what. This is important so the market can form around this.

I dont think there is much appetite for new chains (both from an investor and user perspective), however, I do appreciate megaeth's attempt to build something different a protocol native stablecoin is such an obvious move yet no one has done it. Think this is a killer idea

trying out some long form content, figured upegs would be a good starting topic. like I say in the article, I have no idea if upegs will become successful long term. However, it is interesting enough from a new primitive perspective that I think it deserves to be talked about. this is my attempt at that

he has a completely different trading style to mine but game respects game. Well done, this sort of performance is not easy to do. These are the sort of stories that are possible in crypto and why I still strongly believe one of the highest EV areas to spend your time in

keep seeing posts saying "I was in xyz but didnt have the patience to hold. would have been a easy 3-10x!" I then look at the tweet they quoted about when they were in the coin expecting to see it be from like a year ago+ to my shock it's like 2 months ago lmao fomo and the trenches have fried your dopamine. No one is able to hold a coin longer than a few days right now huge edge for those who simply have a time horizon longer than a week

at the end of the day all of crypto trades on attention however, if the attention for said topic (ex goblin) doesn't bring attention to the token then who cares? That's the point people are missing here When a trending topic/meme/etc has a token directly linked to it, it then acts like a bridge that also brings attention to the token. That's when attention for topic = attention for token without this link tho the attention is pointless and im not saying it is impossible for a token to go up without a direct token link. but it SEVERELY limits the upside on it

maybe im old school but unless the token is directly connected in some way, these attention coins are just gambling masqueraded as trading. pure pvp. for example goblin: there is literally zero ties to the actual token and you are just playing an attention game? like who cares if sama keeps talking about goblin? what does that have to do with the token? I get asteriod because elon historically has shilled coins and there is expected value in that happening again moltbook same thing. it ran to 100m off the back of the token being shilled by the agent and assumption it would the official coin of the platform. Without that it would not have even cracked a few mil but these coins where its just attached to a popular trend is one of the worst metas we have had. I get it, people want to gamble. but people that are putting out full threads and thesis as to why goblin will increase in mindshare and thus the goblin token will go up are just chucking up airballs