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# ![@chameleon_jeff Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1622260212798291972.png) @chameleon_jeff jeff.hl

jeff.hl posts on X about hyperliquid, liquidity, market, community the most. They currently have [-------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::1622260212798291972/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1622260212798291972/c:line/m:interactions.svg)

- [--] Week [-------] +100%
- [--] Month [---------] +85%
- [--] Months [----------] +270%
- [--] Year [----------] +171%

### Mentions: [---] [#](/creator/twitter::1622260212798291972/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1622260212798291972/c:line/m:posts_active.svg)

- [--] Week [--] +6.10%
- [--] Month [--] +34%
- [--] Months [--] +67%
- [--] Year [--] +17%

### Followers: [-------] [#](/creator/twitter::1622260212798291972/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1622260212798291972/c:line/m:followers.svg)

- [--] Week [-------] +0.39%
- [--] Month [-------] +3.20%
- [--] Months [-------] +46%
- [--] Year [-------] +111%

### CreatorRank: [-------] [#](/creator/twitter::1622260212798291972/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1622260212798291972/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[exchanges](/list/exchanges)  #1574 [finance](/list/finance)  36.07% [cryptocurrencies](/list/cryptocurrencies)  21% [technology brands](/list/technology-brands)  7.31% [stocks](/list/stocks)  5.02% [social networks](/list/social-networks)  2.28% [automotive brands](/list/automotive-brands)  1.83% [currencies](/list/currencies)  0.91% [travel destinations](/list/travel-destinations)  0.91%

**Social topic influence**
[hyperliquid](/topic/hyperliquid) #74, [liquidity](/topic/liquidity) #1586, [market](/topic/market) 15.53%, [community](/topic/community) 14.16%, [crypto](/topic/crypto) #4637, [in the](/topic/in-the) 13.7%, [up to](/topic/up-to) 8.22%, [trade](/topic/trade) 7.76%, [finance](/topic/finance) #1974, [binance](/topic/binance) #623

**Top accounts mentioned or mentioned by**
[@hyperliquidx](/creator/undefined) [@chameleonjeff](/creator/undefined) [@havochl_](/creator/undefined) [@dragonflyxyzs](/creator/undefined) [@bitgetglobal](/creator/undefined) [@youtube](/creator/undefined) [@spotify](/creator/undefined) [@smartestmoney](/creator/undefined) [@crypto_adair](/creator/undefined) [@d2_finance](/creator/undefined) [@hlhbuild](/creator/undefined) [@hyperpc](/creator/undefined) [@bharvest](/creator/undefined) [@christyhwchoi](/creator/undefined) [@skyggofficial](/creator/undefined) [@hypurrcorea](/creator/undefined) [@hypurrco](/creator/undefined) [@hyperliquidkr](/creator/undefined) [@mikeippolito](/creator/undefined) [@monetsupply](/creator/undefined)

**Top assets mentioned**
[Purr (PURR)](/topic/$purr) [Spotify Technology (SPOT)](/topic/$spot) [Hyperliquid (HYPE)](/topic/$hype) [yearn.finance (YFI)](/topic/$yfi) [Goatseus Maximus (GOAT)](/topic/$goat) [Coinbase Global Inc. (COIN)](/topic/coinbase)
### Top Social Posts
Top posts by engagements in the last [--] hours

"No investors No paid market makers No fees to the dev team No insiders @HyperliquidX"  
[X Link](https://x.com/chameleon_jeff/status/1751692534483505649)  2024-01-28T19:43Z 111.5K followers, 547.1K engagements


"TLDR: During recent volatility Hyperliquid had 100% uptime with zero bad debt. This was Hyperliquids first cross-margin ADL in more than [--] years of operation. ADL does not change the outcome for any liquidated users. While some specific ADL providing trades were unfavorable the aggregate effect of ADL was that traders realized significant pnl by closing positions at favorable prices that were only briefly available. -- Its sad to see some people attack Hyperliquid to deflect from their own platforms issues. Solvency and uptime are the two most important properties of a financial system. These"  
[X Link](https://x.com/anyuser/status/1977066751717429516)  2025-10-11T17:40Z 111.5K followers, 1.2M engagements


"Hyperliquids fully onchain liquidations cannot be compared with underreported CEX liquidations Hyperliquid is a blockchain where every order trade and liquidation happens onchain. Anyone can permissionlessly verify the chains execution including all liquidations and their fair execution for all users. Furthermore anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance. Some CEXs publicly document that they dramatically underreport user liquidations. For example on"  
[X Link](https://x.com/chameleon_jeff/status/1977578610329534958)  2025-10-13T03:34Z 111.5K followers, 2.2M engagements


"Hyperliquid supports permissionless perps on anything. As all of finance moves onchain there is a billion dollar opportunity to build a mobile app for non-crypto users. The two keys are: [--]. seamless fiat onboarding [--]. a mobile UX that non-crypto users love Hyperliquid and HIP-3 perps offer the full backend liquidity infrastructure. Solve [--] and [--] and you have a product that markets itself: global permissionless finance at your fingertips. Builder codes allow monetization proportional to volume flowing through the app fully configurable per-trade. Hyperliquids ethos is to let talented hungry"  
[X Link](https://x.com/chameleon_jeff/status/1993339777811169357)  2025-11-25T15:23Z 111.5K followers, 610.6K engagements


"Integrity has always been one of Hyperliquid's core values. The house of all finance must be credibly neutral. This means no private investors no market maker deals and no protocol fees to any company. The initial state of any blockchain is a crucial part of its story that can never be erased. The original ethos of Bitcoin was a permissionless network accessible to all. Hyperliquid's genesis distribution followed this spirit going entirely to early users with core contributors excluded. The full distribution is verifiable onchain without obfuscation. This principle of fairness frustrates a"  
[X Link](https://x.com/chameleon_jeff/status/2006788242713227395)  2026-01-01T18:02Z 111.5K followers, 783.7K engagements


"1/ Huge respect for Dragonfly continuing to invest in the bear market. But I'm morally obliged to call out sketchy projects gaining momentum. As a community we must preempt large scale implosions like #FTX or #LUNA that set the industry back years Bitget may be the next FTX ๐Ÿงต I'm thrilled to announce @dragonfly_xyz's investment in @BitgetGlobal. Bitget is making crypto more accessible with its innovative derivatives products and a user-centric approach and we're proud to support their mission and growth. https://t.co/xJWW2dGVxq I'm thrilled to announce @dragonfly_xyz's investment in"  
[X Link](https://x.com/anyuser/status/1643610595848261632)  2023-04-05T13:44Z 111.5K followers, 411.5K engagements


"Reminder: the Hyperliquid dev team does not profit from increased activity as it does not collect trading fees. On the contrary it is entirely self-funded with exponentially increasing burn. There is not a single private investor. $25M of revenue has gone back to the community through HLP. Another project could have easily pocketed some or all of these profits. Whats the point of all this To build something that really matters. When finance moves onchain it will bring trillions of dollars of value to billions of users. It wont move for a half-baked system but the Hyperliquid L1 has a shot."  
[X Link](https://x.com/anyuser/status/1795859763034731002)  2024-05-29T16:48Z 111.5K followers, 442.5K engagements


"BTC OI is growing rapidly on @HyperliquidX and the automated arbers haven't sized up for several hours Could be a decent manual opportunity available in size"  
[X Link](https://x.com/anyuser/status/1827926731107492164)  2024-08-26T04:31Z 111.5K followers, 84.2K engagements


"interesting things happening on testnet"  
[X Link](https://x.com/anyuser/status/1832690669649059892)  2024-09-08T08:01Z 111.5K followers, 126.8K engagements


"Debunking Hyperliquid FUD (Part 1: HLP liquidations and platform guarantees) It's sad to see coordinated misinformation campaigns targeting Hyperliquid which have led to widespread misunderstanding of what we are all working so hard to build. In response this series of posts provides detailed factual explanations of how Hyperliquid works. As a community we must actively fight FUD by spreading the truth. The tone with which we do this also matters: the best way to grow as a protocol and ultimately house all finance is to remain humble and welcome more users into the ecosystem. -- The first"  
[X Link](https://x.com/anyuser/status/1908524506110672979)  2025-04-05T14:17Z 111.5K followers, 267.6K engagements


"Top MM address on @HyperliquidX based on public L1 leaderboard/explorer: $10M USD pnl annualized 6000% ROI annualized 100x daily turnover This MM also likely has multiple addresses. No CEX or DEX has better flow than @HyperliquidX right now"  
[X Link](https://x.com/anyuser/status/1736021376111161368)  2023-12-16T13:52Z 111.5K followers, 30.2K engagements


"Cool visualization HLP has made $6M in cumulative pnl with 100% going to depositors. Liquidity pools can be simultaneously sophisticated accessible and transparent. You will never find this on a CEX. Hacked together a script to plot BBO 100k$ bid/ask/mid trades and orders for the highly profitable HLP MM strategy A on Hyperliquid. It posts in reasonably large size but also with a reasonable spread often quoting outside 100k$ prices capturing mainly larger trades. 1/2 https://t.co/VPrFXCIaDD Hacked together a script to plot BBO 100k$ bid/ask/mid trades and orders for the highly profitable HLP"  
[X Link](https://x.com/anyuser/status/1754632666597470553)  2024-02-05T22:26Z 111.5K followers, 23.2K engagements


"The @HyperliquidX L1 will not just be for perps"  
[X Link](https://x.com/anyuser/status/1768313674408620337)  2024-03-14T16:30Z 111.5K followers, 99.2K engagements


"$PURR hit top [--] volume out of [---] assets to trade on @HyperliquidX This is despite being being the only spot asset (no leverage)"  
[X Link](https://x.com/anyuser/status/1781214780239593480)  2024-04-19T06:54Z 111.5K followers, 43.8K engagements


"For those who dislike typing: http://hl.xyz http://hl.xyz"  
[X Link](https://x.com/chameleon_jeff/status/1802662872964816937)  2024-06-17T11:21Z 111.5K followers, 55K engagements


"It's inspiring to see tens of thousands of community members secure life-changing wealth as part of the Hyperliquid genesis event. Importantly none of these people were insiders. They: 1) believed in the vision for a better financial system when no one else would 2) acted on that conviction by using and building upon the nascent technology bootstrapping an unstoppable financial network The Hyperliquid genesis pays homage to the original ethos of Bitcoin: ownership goes to the believers and doers not rent-seeking insiders. For all you early believers thank you for the unwavering faith and"  
[X Link](https://x.com/anyuser/status/1862885996846805222)  2024-11-30T15:46Z 111.5K followers, 913.7K engagements


"Paging all funding arbers"  
[X Link](https://x.com/chameleon_jeff/status/1880492045745418269)  2025-01-18T05:46Z 111.5K followers, 98.3K engagements


"Even after a full day of CEX listings TRUMP perps on Hyperliquid are doing 44% of the volume of Bybit: $3.25B vs $7.31B over 24h Users are waking up to the crypto-native way to trade"  
[X Link](https://x.com/anyuser/status/1880914204645028310)  2025-01-19T09:44Z 111.5K followers, 296.3K engagements


"paging all funding arbers again"  
[X Link](https://x.com/chameleon_jeff/status/1881137225427284413)  2025-01-20T00:30Z 111.5K followers, 158.4K engagements


"Noticing a trend that important projects have perps on Hyperliquid before anywhere else Informed traders can no longer afford to stay on CEXs"  
[X Link](https://x.com/anyuser/status/1884046704292552725)  2025-01-28T01:11Z 111.5K followers, 350.2K engagements


"Hyperliquid = HyperCore + HyperEVM. One piece of user feedback since HyperEVMs alpha launch was to more intuitively communicate how the HyperEVM fits into the larger context of Hyperliquid. To this effect the native pieces of the Hyperliquid execution state have been organized under one umbrella term: HyperCore. HyperCore consists of performant native components: order book perp and spot DEX staking oracles multi-sig etc. HyperEVM is a general purpose world-computer allowing builders to deploy code that interacts with both HyperEVM and HyperCore. Together they form one global composable state"  
[X Link](https://x.com/anyuser/status/1898739434000191823)  2025-03-09T14:15Z 111.5K followers, 572.2K engagements


"There's been a lot of discussion on Hyperliquid's margin design. Ill address some flaws in the common arguments and explain Hyperliquid's first-principles based approach to improving the system. To my knowledge this is the first such design in margining systems. Perhaps other teams will find it useful for their own logic. Like good theories in physics the best margining design is simple canonical explainable and works in a wide variety of pathological scenarios. [--]. The conclusion of some people has been that there needs to be a centralized force that detects and limits malicious behavior."  
[X Link](https://x.com/anyuser/status/1900218435562578130)  2025-03-13T16:12Z 111.5K followers, 485.4K engagements


"Thanks for having me on lads Enjoyed the conversation Hyperliquid The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY ๐Ÿ˜ฑ Are CEXs https://t.co/Nl8jheP4bk The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY"  
[X Link](https://x.com/anyuser/status/1908351044486390176)  2025-04-05T02:48Z 111.5K followers, 103.7K engagements


"Hyperliquid had zero downtime today"  
[X Link](https://x.com/anyuser/status/1912116883521954037)  2025-04-15T12:12Z 111.5K followers, 237.6K engagements


"https://www.youtube.com/live/eej68BhIK_Qsi=z5-tabgpSJuazlH4&t=5768 https://www.youtube.com/live/eej68BhIK_Qsi=z5-tabgpSJuazlH4&t=5768"  
[X Link](https://x.com/anyuser/status/1981236178541302255)  2025-10-23T05:48Z 111.5K followers, 57.8K engagements


"Congrats to Native Markets on pioneering the first aligned stablecoin on Hyperliquid Looking forward to seeing a novel and compliant stablecoin grow with the protocol bringing value to the entire ecosystem and onboarding the next wave of non-crypto users. As of 13:10 UTC Native Markets has upgraded USDH to qualify as an Aligned Quote Asset. Now when trading on markets quoted in USDH: Takers enjoy 20% lower fees Makers earn +50% rebates Traders earn +20% volume contribution toward fee tiers As of 13:10 UTC Native Markets has upgraded USDH to qualify as an Aligned Quote Asset. Now when trading"  
[X Link](https://x.com/chameleon_jeff/status/1992608580730839281)  2025-11-23T14:58Z 111.5K followers, 279K engagements


"1/ We've talked before about how latency is an important component of every crypto HFT strategy. The optimization process is fun detective work because the exchange's tech is often a black box. A thread on what to measure graph and analyze for your production HFT system ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1649770610711580672)  2023-04-22T13:42Z 111.5K followers, 73.4K engagements


"I've been tweeting more about @HyperliquidX than crypto HFT these days because that's where I spend most my time. Haven't forgotten about my HFT followers though. Shoot me your questions below in the comments and I'll answer the ones I can"  
[X Link](https://x.com/anyuser/status/1661206985818226688)  2023-05-24T03:06Z 111.5K followers, 21.3K engagements


"1/ Though painful short term for the crypto industry the #binance fiasco will push the space towards transparent decentralized protocols. But it won't be easy. Users love Binance for the product they've built. A thread on how @HyperliquidX is answering the call ๐Ÿงต"  
[X Link](https://x.com/chameleon_jeff/status/1665847571372462080)  2023-06-05T22:26Z 111.5K followers, 77.4K engagements


"Those who can do Those who can't fud"  
[X Link](https://x.com/anyuser/status/1876837450405879810)  2025-01-08T03:44Z 111.5K followers, 461.5K engagements


"Thank you to everyone who took the time to thoughtfully respond to my post on transparent markets. I understand that the thesis is controversial and that Hyperliquid is at a new frontier as the first fully transparent order book venue of its scale. I could well be mistaken and welcome the continuous dialogue on market structure innovation. However many criticisms I saw stemmed from misunderstandings with some points actually supporting transparent systems like Hyperliquid. Market structure is notoriously counterintuitive and novel approaches often challenge established paradigms leading to"  
[X Link](https://x.com/anyuser/status/1929753039969440212)  2025-06-03T04:12Z 111.5K followers, 584K engagements


"Huge congrats to the Phantom team on their perps launch We're honored that they chose Hyperliquid as their infrastructure tapping into the best onchain liquidity with permissionless monetization via builder codes. By building on Hyperliquid the Phantom team can focus on their world-class user experience trusting that the liquidity infrastructure of Hyperliquid will give their users world-class execution. Innovative user interfaces are a huge milestone in bringing finance onchain. I'm excited to see Phantom and Hyperliquid scale and grow together Introducing: Phantom Perps ๐Ÿ‘ปโ™พ Go long or short"  
[X Link](https://x.com/anyuser/status/1942813529675116932)  2025-07-09T05:10Z 111.5K followers, 427.7K engagements


"I've heard feedback from many that market making has gotten more competitive on Hyperliquid recently. This is great for end users as it means liquidity is deeper and more robust. Fairness is a core principle of Hyperliquid in every dimension. For market makers this means that the blockchain is designed with equal access in mind. However equal does not mean easy. As the protocol continues to scale to meet increasing demand it becomes important to understand the intricacies of Hyperliquid's custom infrastructure that powers the largest permissionless trading venue. For a long time the primary"  
[X Link](https://x.com/anyuser/status/1954125933885173895)  2025-08-09T10:21Z 111.5K followers, 256.5K engagements


"See for further details https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/optimizing-latency https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/optimizing-latency"  
[X Link](https://x.com/anyuser/status/1954125935512559953)  2025-08-09T10:21Z 111.5K followers, 98.1K engagements


"A common question Ive heard in Seoul is: what makes Hyperliquid special I haven't found a way to distill it all into a sentence but one reason that stood out to me the past few days is the culture of dreaming big and executing while staying true to the original ethos of defi: integrity fairness and transparency. The work is hard and there are many crucial components to be built. But thats the beauty of the Hyperliquid community. Builders rise to the challenge and push the frontier of what is possible. Ive never been more excited to continue building alongside everyone. Since beginning work on"  
[X Link](https://x.com/anyuser/status/1970481506570375642)  2025-09-23T13:32Z 111.5K followers, 538.6K engagements


"Those who can do Those who can't fud Before writing a paper maybe learn the definition of what you are studying ADL does not "transfer pnl to HLP." It treats HLP entirely symmetrically with users. **ADL has nothing to do with HLP or backstop liquidations** ADL did not "destroy $653 million of pnl" either. If you don't understand what you're talking about you are not qualified to spread lies masked by fancy ML terms to sound smart. It's a shame that these are the "academics" that the industry looks up to"  
[X Link](https://x.com/chameleon_jeff/status/1998567869848891699)  2025-12-10T01:38Z 111.5K followers, 595.8K engagements


"In [----] Hyperliquid 1) redefined the crypto meta to put community above all. With Hyperliquid there are no investors no market makers and no fees paid to any company. Billions of dollars of value were created by a common vision and relentless hard work. This value went directly to hundreds of thousands of users building a passionate community with real skin in the game. You all continue to inspire me every day. 2) became the first mature permissionless financial hub where liquidity and UX matched the most liquid centralized venues. Recent highlights include $15B 24-hour volume reaching 20% of"  
[X Link](https://x.com/anyuser/status/1879086717900386782)  2025-01-14T08:42Z 111.5K followers, 1M engagements


"Excited to see Unit protocol hit mainnet For the first time users can trade native assets from another chain using the seamless UX of Hyperliquid. BTC is the most important crypto asset and historically the most difficult to bring to defi. Most wrapped BTC options today involve a single custodian contradicting the ethos of defi. Unit protocol's guardian architecture is a generalized solution bringing self-custody to a wide range of asset sources. When a user deposits trades and withdraws BTC using Unit and Hyperliquid they maintain full control of their assets at all times. Like Hyperliquid"  
[X Link](https://x.com/anyuser/status/1890443240186462684)  2025-02-14T16:49Z 111.5K followers, 496K engagements


"The @HyperliquidX X account was compromised. Please do not click any links that it posts Hyperliquid protocol itself is unaffected and funds are safe"  
[X Link](https://x.com/anyuser/status/1917742026826866705)  2025-05-01T00:45Z 111.5K followers, 218.5K engagements


"Excited to see the world's most popular stablecoin on Hyperliquid Enabling permissionless and fully customizable multi-chain assets was one of the key motivations for the HyperEVM. It's great to see the USDT0 and LayerZero teams provide a seamless and secure product for all Hyperliquid users. Users can mint USDT0 from various source chains without needing to make a pit-stop on a required chain before bridging. Indeed USDT0 is secured by the LayerZero protocol without need for a custom smart contract bridge. From the builder's perspective USDT0 highlights the power of the HyperEVM as a"  
[X Link](https://x.com/anyuser/status/1921502111566856208)  2025-05-11T09:46Z 111.5K followers, 384.4K engagements


"Thanks @MikeIppolito_ and @MonetSupply for having me on Bell Curve Really enjoyed the thoughtful questions and discussion including: [--]. HyperEVM as a permissionless interface into HyperCore [--]. MEV and market design from first principles [--]. Business idea: Fully onchain LSTs protocolizing HIP-3 market deployments with unique revenue streams enabled by the HyperEVM https://www.youtube.com/watchv=xHGKv0Cx7ao https://www.youtube.com/watchv=xHGKv0Cx7ao"  
[X Link](https://x.com/anyuser/status/1922503123760975974)  2025-05-14T04:03Z 111.5K followers, 141.4K engagements


"Why transparent trading improves execution for whales Throughout Hyperliquids growth skeptics questioned the platform's ability to scale liquidity. These concerns have been resolved now that Hyperliquid is one of the most liquid venues globally. With Hyperliquids adoption by some of the largest traders in crypto discussion has shifted to concerns around transparent trading. Many believe that whales on Hyperliquid are: 1) frontrun as they enter their position 2) hunted because their liquidation and stop prices are public These concerns are natural but the opposite is actually true: for most"  
[X Link](https://x.com/anyuser/status/1928883871644528890)  2025-05-31T18:38Z 111.5K followers, 993.3K engagements


"Thanks for having me on guys Enjoyed the discussion Jeff built an empire with no KPIs no team page no VC deck. This week we pulled @chameleon_jeff out of the shadows Timestamps 00:00 Intro 02:51 Hyperliquid's Market Dominance 05:14 The Philosophy Behind Hyperliquid's Success 07:44 Challenges with Decentralized Exchanges https://t.co/edTEKS8tki Jeff built an empire with no KPIs no team page no VC deck. This week we pulled @chameleon_jeff out of the shadows Timestamps 00:00 Intro 02:51 Hyperliquid's Market Dominance 05:14 The Philosophy Behind Hyperliquid's Success 07:44 Challenges with"  
[X Link](https://x.com/anyuser/status/1936402616256479551)  2025-06-21T12:35Z 111.5K followers, 139.9K engagements


"Doug's ADL explanation for reference: https://x.com/0xdoug/status/1976850615621107743 1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist https://t.co/I9MHXVAInd https://x.com/0xdoug/status/1976850615621107743 1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist"  
[X Link](https://x.com/anyuser/status/1977067705258873280)  2025-10-11T17:44Z 111.5K followers, 116.2K engagements


"Source for screenshot: https://developers.binance.com/docs/derivatives/usds-margined-futures/websocket-market-streams/Liquidation-Order-Streams#stream-description https://developers.binance.com/docs/derivatives/usds-margined-futures/websocket-market-streams/Liquidation-Order-Streams#stream-description"  
[X Link](https://x.com/anyuser/status/1977578870766448894)  2025-10-13T03:35Z 111.5K followers, 102.6K engagements


"Debunking the FUD that Hyperliquid prioritizes protocol revenue over traders On 10/10 Hyperliquid ADLs net made users hundreds of millions of dollars by closing profitable short positions at favorable prices. If more positions had been backstop liquidated HLP could have made hundreds of millions of dollars more in pnl while being exposed to an irresponsible amount of risk. ADL passed on HLP's potential pnl to users while decreasing HLP's exposure a win-win. As a reminder the ADL queue on Hyperliqid has always followed a similar formula to what most CEXs use incorporating both leverage used"  
[X Link](https://x.com/anyuser/status/1979591612704723253)  2025-10-18T16:53Z 111.5K followers, 413.5K engagements


"Thanks to @TBPN for having me on It was a fun conversation about the origin story principles and vision for Hyperliquid How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid https://t.co/UUjZDZQZBs How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid https://t.co/UUjZDZQZBs"  
[X Link](https://x.com/anyuser/status/1981236176247017606)  2025-10-23T05:48Z 111.5K followers, 274.5K engagements


"Congratulations to @tradexyz @ventuals and @felixprotocol on their HIP-3 launches It's exciting to see things come together after months of hard work building on the core protocol and deployer sides. Permissionless perp deployments are a massive step in Hyperliquid's journey to house all of finance. On Hyperliquid hungry and ambitious builders step up to reinvent core pillars of finance. Perps will bring unprecedented capital efficiency and price discovery to global markets. HIP-3 empowers any builder to upgrade financial markets by leveraging Hyperliquid's battle-tested onchain"  
[X Link](https://x.com/anyuser/status/1989388141044830540)  2025-11-14T17:41Z 111.5K followers, 258.6K engagements


"Hyperliquid has quietly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for side by side comparison of BTC perps on Binance (left) and Hyperliquid (right). With HIP-3 teams leading the way Hyperliquid has also grown to become the most liquid venue for perps on tradfi assets. Thank you to everyone's hard work as we upgrade the financial system and house all of finance. HIP-3 open interest reached an all-time high of $790M driven recently by a surge in commodities trading. HIP-3 OI has been hitting new ATHs each week. A month"  
[X Link](https://x.com/chameleon_jeff/status/2015820241524379991)  2026-01-26T16:12Z 111.5K followers, 1.2M engagements


"Are we so back"  
[X Link](https://x.com/anyuser/status/1839537111864611266)  2024-09-27T05:26Z 111.5K followers, 54.3K engagements


"1/ This is a common fallacy Just because you cross a wide spread when using a market order doesn't mean you should place resting limit orders. If you do this good chance you are burning money. Let's use some HFT thinking to help all types of traders ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1634021048961363969)  2023-03-10T02:39Z 111.5K followers, 56K engagements


"1/ Liquidity is definitely a factor but the fundamental reason for volatility autocorrelation is information propagation. One mental model for markets is a viscous fluid. Shocks to the system play out as damped oscillations in the price discovery process"  
[X Link](https://x.com/anyuser/status/1636350311974715393)  2023-03-16T12:54Z 111.5K followers, 33.5K engagements


"1/ For quants just starting out what specific strategies should you run Cast a wide net when exploring but quickly focus in when you have a lead. The zero to one moment of live pnl should be your first goal. A thread on some general directions to get you there ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1637986806749872128)  2023-03-21T01:17Z 111.5K followers, 101.4K engagements


"1/ Crypto HFT is our bread and butter in trading. We primarily look at tick data for short term alpha and strategy tuning. One day we had a crazy idea: What if our own HFT pnl predicted mid frequency price movements A thread on one of my favorite medium frequency strategies ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1639081513630461952)  2023-03-24T01:47Z 111.5K followers, 129.1K engagements


"1/ Most offshore exchanges do have their own trading desks. It's an open secret. Their supposed mandate is to provide liquidity of last resort not to make money. An ex-employee at a top exchange once told me their internal desk just provides deep liquidity and is breakeven Really sad to see Binance had [---] trading teams. Frontrunning user accounts is something you put up with at other exchanges but man I thought the majority of Binance's shady activities weren't in this area (slowing APIs to save liq. fund money etc). Really sad to see Binance had [---] trading teams. Frontrunning user accounts"  
[X Link](https://x.com/anyuser/status/1640457834289852425)  2023-03-27T20:56Z 111.5K followers, 65.4K engagements


"1/ Many of you have asked for specific latency tricks on different exchanges since infrastructure optimization is the foundation of a profitable crypto HFT strategy. Here are some lesser known insights: filtering retail flow on Upbit and bypassing the risk engine on Binance ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1642198518319452160)  2023-04-01T16:13Z 111.5K followers, 295.5K engagements


"2/ About half a year ago we tried HFT on Bitget and quickly noticed their matching engine is dishonest. I'll give specific examples later in the thread. I later learned from an ex-Bitget team member that they handled retail taker flow by just B-Booking through an internal desk"  
[X Link](https://x.com/anyuser/status/1643610598494855168)  2023-04-05T13:44Z 111.5K followers, 47.6K engagements


"3/ This is way worse than the usual allegations of CEXs having an internal MM desk. Masquerading as an order book exchange to your customers while you secretly use a different structure behind the scenes is unequivocally unethical. It's probably illegal in any jurisdiction"  
[X Link](https://x.com/anyuser/status/1643610601065955329)  2023-04-05T13:44Z 111.5K followers, 18.4K engagements


"7/ A project that thinks this is an acceptable way to run an exchange should not be getting more funding to expand. This is hard to see as an investor so it's especially important that traders with first hand experience keep exchanges honest. The crypto space deserves better"  
[X Link](https://x.com/anyuser/status/1643610611178438657)  2023-04-05T13:44Z 111.5K followers, 15.2K engagements


"1/ Been getting good questions as people try the hyperliquid API/SDK. A few wondered if it's really possible to do crypto HFT in python. The answer is undoubtedly yes A thread on how to build a fully automated HFT system and why python is the ideal language to get started ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1645071419724926976)  2023-04-09T14:29Z 111.5K followers, 95.6K engagements


"1/ Many in crypto HFT rely heavily on historical simulation while A/B testing is an afterthought. In my experience there is real alpha in live testing well. With proper experimental setup and sufficient market share you can glean causal insights not available in tick data ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1658249121520832512)  2023-05-15T23:12Z 111.5K followers, 53.5K engagements


"1/ Excited to announce HLP to closed alpha participants. The primary liquidity provider on Hyperliquid is now community owned HLP = (G+1)LP is the evolution of GLP applied to a performant order book DEX A thread on how this works why we built it and where we go from here ๐Ÿงต 0/ Introducing the Hyperliquidity Provider (HLP) vault: democratized market making HLP runs MM strategies on the Hyperliquid exchange. Anyone can provide liquidity for HLP and share in the P&L. Like the Liquidator vault HLP is community owned and doesn't collect any fees. https://t.co/ThixD1PDdR 0/ Introducing the"  
[X Link](https://x.com/anyuser/status/1659939789116956673)  2023-05-20T15:11Z 111.5K followers, 39.7K engagements


"1/ Yesterday's mini INJ pump presented an exciting opportunity to analyze the performance of Hyperliquid's protocol vaults. Spoiler alert: They both printed some sweet real yield for depositors. Here's a breakdown of how it unfolded as well as some onchain HFT analysis ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1660834977112805376)  2023-05-23T02:28Z 111.5K followers, 34.1K engagements


"1/ Order book perp DEXs are a hot "narrative" these days. Most protocols run order books offchain. What does this mean for MEV Answer: it's far worse than sandwiching and frontrunning on AMMs. A thread on why onchain order books are the only viable protection for end users ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1672715723603595264)  2023-06-24T21:18Z 111.5K followers, 79.3K engagements


"1/ Cool to see people trying market making and documenting the progress in public Usually it's an opaque space and hard to learn from others. Most professionals want to protect their alpha at all costs. Here's my advice on dealing with these practical issues ๐Ÿงต Full transparency on market making attempt: I've been trying to build this market making experiment as it is completely outside my "comfort" zone when it comes to models. So far it has been a complete failure due to a few reasons that I'll go through here. I am using extremely https://t.co/5XcCY3XaL3 Full transparency on market making"  
[X Link](https://x.com/anyuser/status/1674922352860094465)  2023-06-30T23:26Z 111.5K followers, 62.8K engagements


"1/ Quanto perp funding rates came up during some DEX margining discussions recently. My mind naturally wandered to quant trading. I'm always excited to apply HFT ideas to mid frequency strategies. Alas I don't have time to explore it these days but here are the ideas ๐Ÿงต 1/ Crypto HFT is our bread and butter in trading. We primarily look at tick data for short term alpha and strategy tuning. One day we had a crazy idea: What if our own HFT pnl predicted mid frequency price movements A thread on one of my favorite medium frequency strategies ๐Ÿงต 1/ Crypto HFT is our bread and butter in trading."  
[X Link](https://x.com/anyuser/status/1690411350072418304)  2023-08-12T17:14Z 111.5K followers, 34.6K engagements


"FRIEND perp is one of the craziest markets I've witnessed. Looking at the onchain data high [--] figs of "quantitative" pnl have been made on Hyperliquid in half a day since launch. When funding pays up to 1%/hr all you need is a rough beta hedge. Is that enough alpha"  
[X Link](https://x.com/anyuser/status/1693649491889443147)  2023-08-21T15:41Z 111.5K followers, 43.4K engagements


"I talk a lot about how @HyperliquidX is innovating by listing perps that even CEXs don't have Worth noting that the fundamentals are quietly improving too You can market buy $200k of BTC for 2.5bp taker fees and 2.5bp slippage Better-than-CEX execution for retail"  
[X Link](https://x.com/anyuser/status/1698625771663925599)  2023-09-04T09:15Z 111.5K followers, 28.7K engagements


"Spotted in the wild"  
[X Link](https://x.com/anyuser/status/1702639519479275997)  2023-09-15T11:04Z 111.5K followers, 13.6K engagements


"Post-fee and pre-incentive metrics on @HyperliquidX $7B cumulative volume $1.2B cumulative retail volume Past week there is around $50-100k/day of quant pnl opportunity on Hyperliquid. Would people be interested in a thread on some strategy ideas"  
[X Link](https://x.com/anyuser/status/1720210511277486405)  2023-11-02T22:45Z 111.5K followers, 20.7K engagements


"Wishing dYdX team the best. Respect the product they've built and this is only a small bump in the road. A few people have asked for details on how @HyperliquidX handles these edge cases. Usually in these attacks the attacker takes large offsetting positions and manipulates the mark price such that one side makes more pnl than the collateral of the other side. [--]. For the lowest liquidity assets Hyperliquid pioneered isolated-only perps. These perps require isolated margin and do not allow removing collateral. The only way to remove collateral is to close the position. Somewhat inconvenient"  
[X Link](https://x.com/anyuser/status/1726091053491470408)  2023-11-19T04:12Z 111.5K followers, 67.4K engagements


"Great funding arb opportunity right now on SEI perps +500% annualized funding on @HyperliquidX -500% annualized on Binance 0.6% spread pnl from the arb too [--] figs of capacity"  
[X Link](https://x.com/anyuser/status/1736918107954753827)  2023-12-19T01:15Z 111.5K followers, 18.9K engagements


"Been waiting a year to say this: @HyperliquidX has finally bridged the gap with CEXs The email onboarding flow is so smooth it's hard to believe it's still decentralized This was many months of hard work by the dev team requiring innovations on the bridge L1 and UI Switch to Hyperliquid for a holiday gift ๐ŸŽ CEX traders get 50% off fees for your first $50M volume. Go to https://t.co/L60Unp8Rey to get started. Fees become 0.012% taker and 0.002% maker rebate - the cheapest place to trade perps. All you need is an email to start trading. - https://t.co/NOaASXWMEI Switch to Hyperliquid for a"  
[X Link](https://x.com/anyuser/status/1740577620918693967)  2023-12-29T03:36Z 111.5K followers, 40.7K engagements


"Most other DEXs with TRB perps had major issues yesterday. I've seen some people lumping @HyperliquidX with the rest of them so want to clear the air here. TLDR: Hyperliquid faced zero system issues the deepest DEX liquidity when users needed it most and HLP was net profitable providing TRB liquidity. For context pool-based protocols lost LP money and CLOB platforms had uptime problems during high volatility even with centralized order matching. Yesterday validated Hyperliquid's approach of doing things the right way even when it's harder. It's the most technically ambitious design out of all"  
[X Link](https://x.com/anyuser/status/1741907129638731861)  2024-01-01T19:39Z 111.5K followers, 47.1K engagements


"Latency and tx ordering on @HyperliquidX Some alpha for MMs and researchers: 1) Hyperliquid L1 has a novel microstructure benefiting retail and makers over toxic takers 2) Volume would be multiples higher without this design 3) Hyperliquid is optimized for the end user period. Not for VC metrics fees or HLP pnl ---- Background A well-designed exchange matches trades when both sides want to transact. Maximizing volume is a secondary goal. First and foremost buyers and sellers should both be happy with the price. This guiding principle applies to all markets: centralized or decentralized"  
[X Link](https://x.com/anyuser/status/1743650555879190808)  2024-01-06T15:07Z 111.5K followers, 115.9K engagements


"HLP has been thriving with the record volumes on @HyperliquidX Over $20M TVL and almost $2M pnl this past week Liquidity can be sustainable and community owned"  
[X Link](https://x.com/anyuser/status/1744241360964669714)  2024-01-08T06:15Z 111.5K followers, 14.7K engagements


"L1 exchange liquidity product UI Push the frontier on all [--] and magic happens @HyperliquidX"  
[X Link](https://x.com/anyuser/status/1748744769600127149)  2024-01-20T16:30Z 111.5K followers, 68.7K engagements


"Over past [--] hours ETH perps on @HyperliquidX are doing 4.2% of the volume of ETH perps on Binance"  
[X Link](https://x.com/anyuser/status/1752769145949557024)  2024-01-31T19:01Z 111.5K followers, 24.6K engagements


"TWAP execution is built natively into the Hyperliquid L1 The suborders are triggered as part of L1 state transition logic not as user transactions OPOH Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds. https://t.co/yWk75Uhz1N Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds. https://t.co/yWk75Uhz1N"  
[X Link](https://x.com/anyuser/status/1760330571425681619)  2024-02-21T15:48Z 111.5K followers, 22K engagements


"Many automated traders are making $100k daily pnl on @HyperliquidX Can probably do this with a simple python script That's how insane the flow is right now"  
[X Link](https://x.com/anyuser/status/1765044658432872541)  2024-03-05T16:00Z 111.5K followers, 44.6K engagements


"Most people still don't realize @HyperliquidX is a proper L1. The volume-based limits are just a spin on gas abstraction to match CEX experience. A taker strategy with 10k avg order size and 20% fill rate will have an average fill provide a 2000x gas surplus for maker strategies to use. Most strategies have a large volume range over which pnl is flat. MMs already optimize volume as a secondary objective to hit the best fee tier. At Hyperliquid there is just another incentive to do this. Updating my rate limit logic to fit Hyperliquid rate limiting system. I assign a priority coefficient [--] 1"  
[X Link](https://x.com/anyuser/status/1765376808180916704)  2024-03-06T14:00Z 111.5K followers, 28.2K engagements


"For those interested there is a 600% APR funding arb between Hyperliquid and Binance/Bybit right now"  
[X Link](https://x.com/anyuser/status/1770118208952955241)  2024-03-19T16:00Z 111.5K followers, 26K engagements


"For its ROI and sharpe HLP is one of the highest capacity strategies in any asset class. And its open transparent and entirely community owned. HLPs alpha is the culmination of tens of thousands of hours thinking deeply about market microstructure. Whats more HLPs primary mandate is to provide deep and tight liquidity. It is not even optimized for pnl. Conventional wisdom is that quant opportunities are capacity constrained. But @HyperliquidX might be one of the only venues where opportunities are growing faster than capital and mindshare can onboard to capture it. Look at the top MMs on the"  
[X Link](https://x.com/anyuser/status/1770470581260960250)  2024-03-20T15:20Z 111.5K followers, 44.2K engagements


"Proud of the whole @HyperliquidX dev team and community for the smooth launch of spot trading It's a big milestone for the @HyperliquidX L1 that has been months in the making. Excited to see HIP-1 and HIP-2 mature into permissionless standards. Most L1s build infrastructure and hope that others will come build the killer apps. Hyperliquid takes the opposite approach: polish a native application and then grow into general purpose infrastructure. Why 1) The users liquidity and mindshare are seamlessly integrated into the chain as it expands. The hardest part is getting real users but it's"  
[X Link](https://x.com/anyuser/status/1780990645630550141)  2024-04-18T16:03Z 111.5K followers, 96.2K engagements


"What will it take to move finance onchain Binance (CEX) + Solana (L1) + Tower (MM) = Am I missing anything"  
[X Link](https://x.com/anyuser/status/1784090673970618402)  2024-04-27T05:22Z 111.5K followers, 47.7K engagements


"PURR spread 1bp Small size but still OPOH"  
[X Link](https://x.com/anyuser/status/1784500090989940956)  2024-04-28T08:29Z 111.5K followers, 54.5K engagements


"First time I've seen Hyperliquid pay to long BTC and ETH perps 60% APR if hedging on Binance"  
[X Link](https://x.com/anyuser/status/1786388577573581241)  2024-05-03T13:33Z 111.5K followers, 38.9K engagements


"The Hyperliquid L1 will be transitioning to HyperBFT a custom consensus algorithm written from the ground up. The implementation is in final stages of testing on testnet. The mainnet migration is expected to happen in the coming weeks. The Hyperliquid L1 is one of a few chains in production with real demand above 20k TPS. With a scope expanding far beyond perps trading (more on that later) it is crucial to optimize the foundational consensus algorithm. Like most modern consensus algorithms HyperBFT is based on Hotstuff and subsequent improvements. Huge thanks to the researchers who continue"  
[X Link](https://x.com/anyuser/status/1787140092735185365)  2024-05-05T15:19Z 111.5K followers, 685.9K engagements


"@0xBoboShanti implementation is entirely in rust"  
[X Link](https://x.com/anyuser/status/1787149717039669653)  2024-05-05T15:57Z 111.5K followers, 13K engagements


"During extreme volatility like today @HyperliquidX is often the most liquid venue across DEXs and CEXs. Even on majors like ETH perps. Liquidity has a reputation for disappearing when users need it the most. The more efficient the market the more pronounced this effect. It's a fair pricing of adverse selection by toxic takers. Conventional wisdom says it's an unavoidable side effect of the order book model. But this is lazy thinking. The market structure and underlying infrastructure should be optimized to best serve the end user. By redesigning the L1 from first principles Hyperliquid proves"  
[X Link](https://x.com/anyuser/status/1809145438186152025)  2024-07-05T08:40Z 111.5K followers, 99.2K engagements


"Grateful to build with such a passionate community. Never been more excited about the road ahead"  
[X Link](https://x.com/anyuser/status/1834282203737719176)  2024-09-12T17:25Z 111.5K followers, 94.5K engagements


"AWS : Cloud infrastructure :: Hyperliquid : Liquidity infrastructure Today liquidity on Hyperliquid rivals even tier [--] CEXs. With builder codes this deep liquidity is now permissionlessly accessible for anyone to monetize. AWS transformed the cloud abstracting away the messy details of hardware to let builders focus on software and business logic. Hyperliquid is transforming liquidity abstracting away the messy details of the exchange platform to let builders focus on product and user acquisition. AWS does two simple things well: 1) Performance: Scalable and reliable for startups to grow"  
[X Link](https://x.com/anyuser/status/1841392573199585291)  2024-10-02T08:19Z 111.5K followers, 238.3K engagements


"This new layout is the GOAT on monitors By community request you can now long or short $GOAT with up to 3x leverage. https://t.co/EnZjRqMvpE By community request you can now long or short $GOAT with up to 3x leverage. https://t.co/EnZjRqMvpE"  
[X Link](https://x.com/anyuser/status/1849091048171315463)  2024-10-23T14:10Z 111.5K followers, 75K engagements


"Hyperliquid is bringing the entire financial stack onto one platform. As a proof of concept PURR now has: [--]. Native token ledger [--]. Spot order book [--]. Built-in oracle [--]. Perps trading Each feature is built upon the previous. All live composably on the L1. By community request you can now long or short $PURR with up to 3x leverage. https://t.co/4IUNxK2Oo3 By community request you can now long or short $PURR with up to 3x leverage. https://t.co/4IUNxK2Oo3"  
[X Link](https://x.com/anyuser/status/1853439016957554873)  2024-11-04T14:07Z 111.5K followers, 283K engagements


"Yesterday's CEX listing drama highlights that even after a decade of defi CEXs still monopolize liquidity. Builders must make a tough choice between rewarding their community and paying for distribution. Hyperliquid's vision is a unified platform to build applications and trade assets. No compromises. No rent-seeking gatekeepers"  
[X Link](https://x.com/anyuser/status/1853611858890223762)  2024-11-05T01:34Z 111.5K followers, 175.6K engagements


"Thanks for having me on Kevin Enjoyed discussing Hyperliquids backstory and vision E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most hyped L1s includes a decentralized perpetual exchange with https://t.co/GMzZvlrH0X E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most"  
[X Link](https://x.com/anyuser/status/1855100458286956618)  2024-11-09T04:09Z 111.5K followers, 236.9K engagements


"1/ There could be interesting dislocations on Monday depending how #Coinbase reenables #USDC conversions. The stuff of quant dreams. Let's analyze Coinbase's tech stack: order and feed latencies and what makes HFT on Coinbase unique ๐Ÿงต USDC/USDT sub $0.95 on Coinbase https://t.co/jYZ7tuFOAG USDC/USDT sub $0.95 on Coinbase https://t.co/jYZ7tuFOAG"  
[X Link](https://x.com/anyuser/status/1634915329297244161)  2023-03-12T13:52Z 111.5K followers, 53.5K engagements


"Execution Extremely proud of the community and team for the smooth launch of the HyperEVM. The upgrade happened amidst billions of dollars of daily volume where the majority of defi derivatives trade. There was no downtime and no performance degradation after the launch. The UX of trading is still so seamless that many users assume the HyperEVM is a separate chain To be clear: the HyperEVM and the existing native Hyperliquid financial system are one composable state. The safest way to upgrade this uniquely complex system is a gradual rollout. Precompiles and other L1 interactions will build"  
[X Link](https://x.com/anyuser/status/1892263910298046717)  2025-02-19T17:24Z 111.5K followers, 565.8K engagements


"Hyperliquids fully onchain liquidations cannot be compared with underreported CEX liquidations Hyperliquid is a blockchain where every order trade and liquidation happens onchain. Anyone can permissionlessly verify the chains execution including all liquidations and their fair execution for all users. Furthermore anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance. Some CEXs publicly document that they dramatically underreport user liquidations. For example on"  
[X Link](https://x.com/chameleon_jeff/status/1977578610329534958)  2025-10-13T03:34Z 111.5K followers, 2.2M engagements


"It's inspiring to see tens of thousands of community members secure life-changing wealth as part of the Hyperliquid genesis event. Importantly none of these people were insiders. They: 1) believed in the vision for a better financial system when no one else would 2) acted on that conviction by using and building upon the nascent technology bootstrapping an unstoppable financial network The Hyperliquid genesis pays homage to the original ethos of Bitcoin: ownership goes to the believers and doers not rent-seeking insiders. For all you early believers thank you for the unwavering faith and"  
[X Link](https://x.com/anyuser/status/1862885996846805222)  2024-11-30T15:46Z 111.5K followers, 913.7K engagements


"TLDR: During recent volatility Hyperliquid had 100% uptime with zero bad debt. This was Hyperliquids first cross-margin ADL in more than [--] years of operation. ADL does not change the outcome for any liquidated users. While some specific ADL providing trades were unfavorable the aggregate effect of ADL was that traders realized significant pnl by closing positions at favorable prices that were only briefly available. -- Its sad to see some people attack Hyperliquid to deflect from their own platforms issues. Solvency and uptime are the two most important properties of a financial system. These"  
[X Link](https://x.com/anyuser/status/1977066751717429516)  2025-10-11T17:40Z 111.5K followers, 1.2M engagements


"In [----] Hyperliquid 1) redefined the crypto meta to put community above all. With Hyperliquid there are no investors no market makers and no fees paid to any company. Billions of dollars of value were created by a common vision and relentless hard work. This value went directly to hundreds of thousands of users building a passionate community with real skin in the game. You all continue to inspire me every day. 2) became the first mature permissionless financial hub where liquidity and UX matched the most liquid centralized venues. Recent highlights include $15B 24-hour volume reaching 20% of"  
[X Link](https://x.com/anyuser/status/1879086717900386782)  2025-01-14T08:42Z 111.5K followers, 1M engagements


"A common question Ive heard in Seoul is: what makes Hyperliquid special I haven't found a way to distill it all into a sentence but one reason that stood out to me the past few days is the culture of dreaming big and executing while staying true to the original ethos of defi: integrity fairness and transparency. The work is hard and there are many crucial components to be built. But thats the beauty of the Hyperliquid community. Builders rise to the challenge and push the frontier of what is possible. Ive never been more excited to continue building alongside everyone. Since beginning work on"  
[X Link](https://x.com/anyuser/status/1970481506570375642)  2025-09-23T13:32Z 111.5K followers, 538.6K engagements


"Those who can do Those who can't fud"  
[X Link](https://x.com/anyuser/status/1876837450405879810)  2025-01-08T03:44Z 111.5K followers, 461.5K engagements


"Execution Extremely proud of the community and team for the smooth launch of the HyperEVM. The upgrade happened amidst billions of dollars of daily volume where the majority of defi derivatives trade. There was no downtime and no performance degradation after the launch. The UX of trading is still so seamless that many users assume the HyperEVM is a separate chain To be clear: the HyperEVM and the existing native Hyperliquid financial system are one composable state. The safest way to upgrade this uniquely complex system is a gradual rollout. Precompiles and other L1 interactions will build"  
[X Link](https://x.com/anyuser/status/1892263910298046717)  2025-02-19T17:24Z 111.5K followers, 565.8K engagements


"Huge congrats to the Phantom team on their perps launch We're honored that they chose Hyperliquid as their infrastructure tapping into the best onchain liquidity with permissionless monetization via builder codes. By building on Hyperliquid the Phantom team can focus on their world-class user experience trusting that the liquidity infrastructure of Hyperliquid will give their users world-class execution. Innovative user interfaces are a huge milestone in bringing finance onchain. I'm excited to see Phantom and Hyperliquid scale and grow together Introducing: Phantom Perps ๐Ÿ‘ปโ™พ Go long or short"  
[X Link](https://x.com/anyuser/status/1942813529675116932)  2025-07-09T05:10Z 111.5K followers, 427.7K engagements


"Introducing: Phantom Perps ๐Ÿ‘ปโ™พ Go long or short in just a few taps. 100+ markets. Up to 40x leverage. All in your pocket. Powered by @HyperliquidX"  
[X Link](https://x.com/phantom/status/1942628993636917311)  2025-07-08T16:56Z 948.1K followers, 2.8M engagements


"Debunking the FUD that Hyperliquid prioritizes protocol revenue over traders On 10/10 Hyperliquid ADLs net made users hundreds of millions of dollars by closing profitable short positions at favorable prices. If more positions had been backstop liquidated HLP could have made hundreds of millions of dollars more in pnl while being exposed to an irresponsible amount of risk. ADL passed on HLP's potential pnl to users while decreasing HLP's exposure a win-win. As a reminder the ADL queue on Hyperliqid has always followed a similar formula to what most CEXs use incorporating both leverage used"  
[X Link](https://x.com/anyuser/status/1979591612704723253)  2025-10-18T16:53Z 111.5K followers, 413.5K engagements


"Thank you to everyone who took the time to thoughtfully respond to my post on transparent markets. I understand that the thesis is controversial and that Hyperliquid is at a new frontier as the first fully transparent order book venue of its scale. I could well be mistaken and welcome the continuous dialogue on market structure innovation. However many criticisms I saw stemmed from misunderstandings with some points actually supporting transparent systems like Hyperliquid. Market structure is notoriously counterintuitive and novel approaches often challenge established paradigms leading to"  
[X Link](https://x.com/anyuser/status/1929753039969440212)  2025-06-03T04:12Z 111.5K followers, 584K engagements


"There's been a lot of discussion on Hyperliquid's margin design. Ill address some flaws in the common arguments and explain Hyperliquid's first-principles based approach to improving the system. To my knowledge this is the first such design in margining systems. Perhaps other teams will find it useful for their own logic. Like good theories in physics the best margining design is simple canonical explainable and works in a wide variety of pathological scenarios. [--]. The conclusion of some people has been that there needs to be a centralized force that detects and limits malicious behavior."  
[X Link](https://x.com/anyuser/status/1900218435562578130)  2025-03-13T16:12Z 111.5K followers, 485.4K engagements


"Why transparent trading improves execution for whales Throughout Hyperliquids growth skeptics questioned the platform's ability to scale liquidity. These concerns have been resolved now that Hyperliquid is one of the most liquid venues globally. With Hyperliquids adoption by some of the largest traders in crypto discussion has shifted to concerns around transparent trading. Many believe that whales on Hyperliquid are: 1) frontrun as they enter their position 2) hunted because their liquidation and stop prices are public These concerns are natural but the opposite is actually true: for most"  
[X Link](https://x.com/anyuser/status/1928883871644528890)  2025-05-31T18:38Z 111.5K followers, 993.3K engagements


"Hyperliquid = HyperCore + HyperEVM. One piece of user feedback since HyperEVMs alpha launch was to more intuitively communicate how the HyperEVM fits into the larger context of Hyperliquid. To this effect the native pieces of the Hyperliquid execution state have been organized under one umbrella term: HyperCore. HyperCore consists of performant native components: order book perp and spot DEX staking oracles multi-sig etc. HyperEVM is a general purpose world-computer allowing builders to deploy code that interacts with both HyperEVM and HyperCore. Together they form one global composable state"  
[X Link](https://x.com/anyuser/status/1898739434000191823)  2025-03-09T14:15Z 111.5K followers, 572.2K engagements


"Debunking Hyperliquid FUD (Part 1: HLP liquidations and platform guarantees) It's sad to see coordinated misinformation campaigns targeting Hyperliquid which have led to widespread misunderstanding of what we are all working so hard to build. In response this series of posts provides detailed factual explanations of how Hyperliquid works. As a community we must actively fight FUD by spreading the truth. The tone with which we do this also matters: the best way to grow as a protocol and ultimately house all finance is to remain humble and welcome more users into the ecosystem. -- The first"  
[X Link](https://x.com/anyuser/status/1908524506110672979)  2025-04-05T14:17Z 111.5K followers, 267.6K engagements


"Hyperliquid had zero downtime today"  
[X Link](https://x.com/anyuser/status/1912116883521954037)  2025-04-15T12:12Z 111.5K followers, 237.6K engagements


"Congratulations to @tradexyz @ventuals and @felixprotocol on their HIP-3 launches It's exciting to see things come together after months of hard work building on the core protocol and deployer sides. Permissionless perp deployments are a massive step in Hyperliquid's journey to house all of finance. On Hyperliquid hungry and ambitious builders step up to reinvent core pillars of finance. Perps will bring unprecedented capital efficiency and price discovery to global markets. HIP-3 empowers any builder to upgrade financial markets by leveraging Hyperliquid's battle-tested onchain"  
[X Link](https://x.com/anyuser/status/1989388141044830540)  2025-11-14T17:41Z 111.5K followers, 258.6K engagements


"Noticing a trend that important projects have perps on Hyperliquid before anywhere else Informed traders can no longer afford to stay on CEXs"  
[X Link](https://x.com/anyuser/status/1884046704292552725)  2025-01-28T01:11Z 111.5K followers, 350.2K engagements


"Even after a full day of CEX listings TRUMP perps on Hyperliquid are doing 44% of the volume of Bybit: $3.25B vs $7.31B over 24h Users are waking up to the crypto-native way to trade"  
[X Link](https://x.com/anyuser/status/1880914204645028310)  2025-01-19T09:44Z 111.5K followers, 296.3K engagements


"Excited to see Unit protocol hit mainnet For the first time users can trade native assets from another chain using the seamless UX of Hyperliquid. BTC is the most important crypto asset and historically the most difficult to bring to defi. Most wrapped BTC options today involve a single custodian contradicting the ethos of defi. Unit protocol's guardian architecture is a generalized solution bringing self-custody to a wide range of asset sources. When a user deposits trades and withdraws BTC using Unit and Hyperliquid they maintain full control of their assets at all times. Like Hyperliquid"  
[X Link](https://x.com/anyuser/status/1890443240186462684)  2025-02-14T16:49Z 111.5K followers, 496K engagements


"Introducing Unit: the decentralized asset tokenization layer for all of finance built exclusively on Hyperliquid. Unit will enable seamless deposits withdrawals and trading for a wide variety of assets. Our first integration allows major spot crypto tokens to flow between Hyperliquid and their native blockchains launching today with native BTC. This is a significant unlock for users enabling: 1-Click Native Deposits & Withdrawals: Deposit or withdraw BTC via their self-custodial wallet or centralized exchange account. (ETH and SOL coming soon). Unified Trading Experience: Trade both spot and"  
[X Link](https://x.com/anyuser/status/1890437173738107107)  2025-02-14T16:25Z 37.4K followers, 1.7M engagements


"I've heard feedback from many that market making has gotten more competitive on Hyperliquid recently. This is great for end users as it means liquidity is deeper and more robust. Fairness is a core principle of Hyperliquid in every dimension. For market makers this means that the blockchain is designed with equal access in mind. However equal does not mean easy. As the protocol continues to scale to meet increasing demand it becomes important to understand the intricacies of Hyperliquid's custom infrastructure that powers the largest permissionless trading venue. For a long time the primary"  
[X Link](https://x.com/anyuser/status/1954125933885173895)  2025-08-09T10:21Z 111.5K followers, 256.5K engagements


"Excited to see the world's most popular stablecoin on Hyperliquid Enabling permissionless and fully customizable multi-chain assets was one of the key motivations for the HyperEVM. It's great to see the USDT0 and LayerZero teams provide a seamless and secure product for all Hyperliquid users. Users can mint USDT0 from various source chains without needing to make a pit-stop on a required chain before bridging. Indeed USDT0 is secured by the LayerZero protocol without need for a custom smart contract bridge. From the builder's perspective USDT0 highlights the power of the HyperEVM as a"  
[X Link](https://x.com/anyuser/status/1921502111566856208)  2025-05-11T09:46Z 111.5K followers, 384.4K engagements


"USDT0 is live on @HyperliquidX Spot and HyperEVM. Liquidity of the largest stablecoin in the world powering the blockchain to house all finance. Your USDT now on Hyperliquid"  
[X Link](https://x.com/anyuser/status/1920841189000884565)  2025-05-09T14:00Z 31.5K followers, 521.1K engagements


"Thanks to @TBPN for having me on It was a fun conversation about the origin story principles and vision for Hyperliquid How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid https://t.co/UUjZDZQZBs How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid https://t.co/UUjZDZQZBs"  
[X Link](https://x.com/anyuser/status/1981236176247017606)  2025-10-23T05:48Z 111.5K followers, 274.5K engagements


"How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid"  
[X Link](https://x.com/anyuser/status/1981096632273031550)  2025-10-22T20:33Z 214.6K followers, 437.4K engagements


"Reminder: the Hyperliquid dev team does not profit from increased activity as it does not collect trading fees. On the contrary it is entirely self-funded with exponentially increasing burn. There is not a single private investor. $25M of revenue has gone back to the community through HLP. Another project could have easily pocketed some or all of these profits. Whats the point of all this To build something that really matters. When finance moves onchain it will bring trillions of dollars of value to billions of users. It wont move for a half-baked system but the Hyperliquid L1 has a shot."  
[X Link](https://x.com/anyuser/status/1795859763034731002)  2024-05-29T16:48Z 111.5K followers, 442.5K engagements


"The @HyperliquidX X account was compromised. Please do not click any links that it posts Hyperliquid protocol itself is unaffected and funds are safe"  
[X Link](https://x.com/anyuser/status/1917742026826866705)  2025-05-01T00:45Z 111.5K followers, 218.5K engagements


"Thanks for having me on guys Enjoyed the discussion Jeff built an empire with no KPIs no team page no VC deck. This week we pulled @chameleon_jeff out of the shadows Timestamps 00:00 Intro 02:51 Hyperliquid's Market Dominance 05:14 The Philosophy Behind Hyperliquid's Success 07:44 Challenges with Decentralized Exchanges https://t.co/edTEKS8tki Jeff built an empire with no KPIs no team page no VC deck. This week we pulled @chameleon_jeff out of the shadows Timestamps 00:00 Intro 02:51 Hyperliquid's Market Dominance 05:14 The Philosophy Behind Hyperliquid's Success 07:44 Challenges with"  
[X Link](https://x.com/anyuser/status/1936402616256479551)  2025-06-21T12:35Z 111.5K followers, 139.9K engagements


"Yesterday's CEX listing drama highlights that even after a decade of defi CEXs still monopolize liquidity. Builders must make a tough choice between rewarding their community and paying for distribution. Hyperliquid's vision is a unified platform to build applications and trade assets. No compromises. No rent-seeking gatekeepers"  
[X Link](https://x.com/anyuser/status/1853611858890223762)  2024-11-05T01:34Z 111.5K followers, 175.6K engagements


"Thanks @MikeIppolito_ and @MonetSupply for having me on Bell Curve Really enjoyed the thoughtful questions and discussion including: [--]. HyperEVM as a permissionless interface into HyperCore [--]. MEV and market design from first principles [--]. Business idea: Fully onchain LSTs protocolizing HIP-3 market deployments with unique revenue streams enabled by the HyperEVM https://www.youtube.com/watchv=xHGKv0Cx7ao https://www.youtube.com/watchv=xHGKv0Cx7ao"  
[X Link](https://x.com/anyuser/status/1922503123760975974)  2025-05-14T04:03Z 111.5K followers, 141.4K engagements


"Thanks for having me on lads Enjoyed the conversation Hyperliquid The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY ๐Ÿ˜ฑ Are CEXs https://t.co/Nl8jheP4bk The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY"  
[X Link](https://x.com/anyuser/status/1908351044486390176)  2025-04-05T02:48Z 111.5K followers, 103.7K engagements


"The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY ๐Ÿ˜ฑ Are CEXs Threatened ๐Ÿ Pasta of the Week and More Full links below๐Ÿ‘‡"  
[X Link](https://x.com/anyuser/status/1908192707270357212)  2025-04-04T16:19Z [----] followers, 216.8K engagements


"The Hyperliquid L1 will be transitioning to HyperBFT a custom consensus algorithm written from the ground up. The implementation is in final stages of testing on testnet. The mainnet migration is expected to happen in the coming weeks. The Hyperliquid L1 is one of a few chains in production with real demand above 20k TPS. With a scope expanding far beyond perps trading (more on that later) it is crucial to optimize the foundational consensus algorithm. Like most modern consensus algorithms HyperBFT is based on Hotstuff and subsequent improvements. Huge thanks to the researchers who continue"  
[X Link](https://x.com/anyuser/status/1787140092735185365)  2024-05-05T15:19Z 111.5K followers, 685.9K engagements


"Hyperliquid is bringing the entire financial stack onto one platform. As a proof of concept PURR now has: [--]. Native token ledger [--]. Spot order book [--]. Built-in oracle [--]. Perps trading Each feature is built upon the previous. All live composably on the L1. By community request you can now long or short $PURR with up to 3x leverage. https://t.co/4IUNxK2Oo3 By community request you can now long or short $PURR with up to 3x leverage. https://t.co/4IUNxK2Oo3"  
[X Link](https://x.com/anyuser/status/1853439016957554873)  2024-11-04T14:07Z 111.5K followers, 283K engagements


"By community request you can now long or short $PURR with up to 3x leverage"  
[X Link](https://x.com/anyuser/status/1853377723357638672)  2024-11-04T10:04Z 377.1K followers, 363K engagements


"paging all funding arbers again"  
[X Link](https://x.com/chameleon_jeff/status/1881137225427284413)  2025-01-20T00:30Z 111.5K followers, 158.4K engagements


"Paging all funding arbers"  
[X Link](https://x.com/chameleon_jeff/status/1880492045745418269)  2025-01-18T05:46Z 111.5K followers, 98.3K engagements


"Thanks for having me on Kevin Enjoyed discussing Hyperliquids backstory and vision E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most hyped L1s includes a decentralized perpetual exchange with https://t.co/GMzZvlrH0X E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most"  
[X Link](https://x.com/anyuser/status/1855100458286956618)  2024-11-09T04:09Z 111.5K followers, 236.9K engagements


"E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most hyped L1s includes a decentralized perpetual exchange with more than $1.5 Billion in daily trading volume and aspires to become "the AWS of Liquidity" Timestamps 0:00 Intro 2:25 Hyperliquid's Unique Vision 5:32 From Top10 MM to Hyperliquid 9:55 Improving DeFi UX 12:12 Speculation vs. Value 14:02 Is Jeff Autistic 16:29 Impact 19:26 Hyperliquid Unique VP 21:58 Why Jeff can't retire"  
[X Link](https://x.com/anyuser/status/1854852404610842854)  2024-11-08T11:44Z 60K followers, 644K engagements


"AWS : Cloud infrastructure :: Hyperliquid : Liquidity infrastructure Today liquidity on Hyperliquid rivals even tier [--] CEXs. With builder codes this deep liquidity is now permissionlessly accessible for anyone to monetize. AWS transformed the cloud abstracting away the messy details of hardware to let builders focus on software and business logic. Hyperliquid is transforming liquidity abstracting away the messy details of the exchange platform to let builders focus on product and user acquisition. AWS does two simple things well: 1) Performance: Scalable and reliable for startups to grow"  
[X Link](https://x.com/anyuser/status/1841392573199585291)  2024-10-02T08:19Z 111.5K followers, 238.3K engagements


"Hyperliquid now supports builder codes which let anyone permissionlessly monetize applications on the L1. Regional frontends fiat onramps mobile wallets social trading -- all are one line of code away from earning upside proportional to their volume. This upside can be multiples of what the L1 itself charges. Builder codes are trustless and entirely onchain. They bring together the best of both worlds from CEX broker programs and permissionless self-custodial defi. See API announcements on Discord for more details"  
[X Link](https://x.com/anyuser/status/1840955444191473712)  2024-10-01T03:22Z 377.1K followers, 320.2K engagements


"No investors No paid market makers No fees to the dev team No insiders @HyperliquidX"  
[X Link](https://x.com/chameleon_jeff/status/1751692534483505649)  2024-01-28T19:43Z 111.5K followers, 547.1K engagements


"Doug's ADL explanation for reference: https://x.com/0xdoug/status/1976850615621107743 1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist https://t.co/I9MHXVAInd https://x.com/0xdoug/status/1976850615621107743 1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist"  
[X Link](https://x.com/anyuser/status/1977067705258873280)  2025-10-11T17:44Z 111.5K followers, 116.2K engagements


"1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist"  
[X Link](https://x.com/anyuser/status/1976850615621107743)  2025-10-11T03:21Z 50.3K followers, 1.9M engagements


"Source for screenshot: https://developers.binance.com/docs/derivatives/usds-margined-futures/websocket-market-streams/Liquidation-Order-Streams#stream-description https://developers.binance.com/docs/derivatives/usds-margined-futures/websocket-market-streams/Liquidation-Order-Streams#stream-description"  
[X Link](https://x.com/anyuser/status/1977578870766448894)  2025-10-13T03:35Z 111.5K followers, 102.6K engagements


"The scope of Hyperliquid has 10xed twice since inception First time was the realization that the only way to build a scalable perps DEX was to build an L1 from scratch Second time is now. With a critical mass of users and liquidity there's a path to expand the infrastructure to house all of finance Excited to share more technical details over the coming weeks. It's a long road ahead but nothing easy is worth doing"  
[X Link](https://x.com/anyuser/status/1784592436792275221)  2024-04-28T14:36Z 111.5K followers, 104.8K engagements


"1/ Huge respect for Dragonfly continuing to invest in the bear market. But I'm morally obliged to call out sketchy projects gaining momentum. As a community we must preempt large scale implosions like #FTX or #LUNA that set the industry back years Bitget may be the next FTX ๐Ÿงต I'm thrilled to announce @dragonfly_xyz's investment in @BitgetGlobal. Bitget is making crypto more accessible with its innovative derivatives products and a user-centric approach and we're proud to support their mission and growth. https://t.co/xJWW2dGVxq I'm thrilled to announce @dragonfly_xyz's investment in"  
[X Link](https://x.com/anyuser/status/1643610595848261632)  2023-04-05T13:44Z 111.5K followers, 411.5K engagements


"I'm thrilled to announce @dragonfly_xyz's investment in @BitgetGlobal. Bitget is making crypto more accessible with its innovative derivatives products and a user-centric approach and we're proud to support their mission and growth. https://www.theblock.co/post/224702/dragonfly-invests-bitget https://www.theblock.co/post/224702/dragonfly-invests-bitget"  
[X Link](https://x.com/anyuser/status/1643453144033271810)  2023-04-05T03:18Z 140.5K followers, 250.6K engagements


"Grateful to build with such a passionate community. Never been more excited about the road ahead"  
[X Link](https://x.com/anyuser/status/1834282203737719176)  2024-09-12T17:25Z 111.5K followers, 94.5K engagements


"During extreme volatility like today @HyperliquidX is often the most liquid venue across DEXs and CEXs. Even on majors like ETH perps. Liquidity has a reputation for disappearing when users need it the most. The more efficient the market the more pronounced this effect. It's a fair pricing of adverse selection by toxic takers. Conventional wisdom says it's an unavoidable side effect of the order book model. But this is lazy thinking. The market structure and underlying infrastructure should be optimized to best serve the end user. By redesigning the L1 from first principles Hyperliquid proves"  
[X Link](https://x.com/anyuser/status/1809145438186152025)  2024-07-05T08:40Z 111.5K followers, 99.2K engagements


"Latency and tx ordering on @HyperliquidX Some alpha for MMs and researchers: 1) Hyperliquid L1 has a novel microstructure benefiting retail and makers over toxic takers 2) Volume would be multiples higher without this design 3) Hyperliquid is optimized for the end user period. Not for VC metrics fees or HLP pnl ---- Background A well-designed exchange matches trades when both sides want to transact. Maximizing volume is a secondary goal. First and foremost buyers and sellers should both be happy with the price. This guiding principle applies to all markets: centralized or decentralized"  
[X Link](https://x.com/anyuser/status/1743650555879190808)  2024-01-06T15:07Z 111.5K followers, 115.9K engagements


"Proud of the whole @HyperliquidX dev team and community for the smooth launch of spot trading It's a big milestone for the @HyperliquidX L1 that has been months in the making. Excited to see HIP-1 and HIP-2 mature into permissionless standards. Most L1s build infrastructure and hope that others will come build the killer apps. Hyperliquid takes the opposite approach: polish a native application and then grow into general purpose infrastructure. Why 1) The users liquidity and mindshare are seamlessly integrated into the chain as it expands. The hardest part is getting real users but it's"  
[X Link](https://x.com/anyuser/status/1780990645630550141)  2024-04-18T16:03Z 111.5K followers, 96.2K engagements


"1/ For quants just starting out what specific strategies should you run Cast a wide net when exploring but quickly focus in when you have a lead. The zero to one moment of live pnl should be your first goal. A thread on some general directions to get you there ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1637986806749872128)  2023-03-21T01:17Z 111.5K followers, 101.4K engagements


"Are we so back"  
[X Link](https://x.com/anyuser/status/1839537111864611266)  2024-09-27T05:26Z 111.5K followers, 54.3K engagements


"interesting things happening on testnet"  
[X Link](https://x.com/anyuser/status/1832690669649059892)  2024-09-08T08:01Z 111.5K followers, 126.8K engagements


"1/ Many of you have asked for specific latency tricks on different exchanges since infrastructure optimization is the foundation of a profitable crypto HFT strategy. Here are some lesser known insights: filtering retail flow on Upbit and bypassing the risk engine on Binance ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1642198518319452160)  2023-04-01T16:13Z 111.5K followers, 295.5K engagements


"The @HyperliquidX L1 will not just be for perps"  
[X Link](https://x.com/anyuser/status/1768313674408620337)  2024-03-14T16:30Z 111.5K followers, 99.2K engagements


"This new layout is the GOAT on monitors By community request you can now long or short $GOAT with up to 3x leverage. https://t.co/EnZjRqMvpE By community request you can now long or short $GOAT with up to 3x leverage. https://t.co/EnZjRqMvpE"  
[X Link](https://x.com/anyuser/status/1849091048171315463)  2024-10-23T14:10Z 111.5K followers, 75K engagements


"By community request you can now long or short $GOAT with up to 3x leverage"  
[X Link](https://x.com/anyuser/status/1849071650911977878)  2024-10-23T12:53Z 377.1K followers, 193.7K engagements


"For those who dislike typing: http://hl.xyz http://hl.xyz"  
[X Link](https://x.com/chameleon_jeff/status/1802662872964816937)  2024-06-17T11:21Z 111.5K followers, 55K engagements


"See for further details https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/optimizing-latency https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/optimizing-latency"  
[X Link](https://x.com/anyuser/status/1954125935512559953)  2025-08-09T10:21Z 111.5K followers, 98.1K engagements


"1/ We've talked before about how latency is an important component of every crypto HFT strategy. The optimization process is fun detective work because the exchange's tech is often a black box. A thread on what to measure graph and analyze for your production HFT system ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1649770610711580672)  2023-04-22T13:42Z 111.5K followers, 73.4K engagements


"1/ Crypto HFT is our bread and butter in trading. We primarily look at tick data for short term alpha and strategy tuning. One day we had a crazy idea: What if our own HFT pnl predicted mid frequency price movements A thread on one of my favorite medium frequency strategies ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1639081513630461952)  2023-03-24T01:47Z 111.5K followers, 129.1K engagements


"BTC OI is growing rapidly on @HyperliquidX and the automated arbers haven't sized up for several hours Could be a decent manual opportunity available in size"  
[X Link](https://x.com/anyuser/status/1827926731107492164)  2024-08-26T04:31Z 111.5K followers, 84.2K engagements


"What will it take to move finance onchain Binance (CEX) + Solana (L1) + Tower (MM) = Am I missing anything"  
[X Link](https://x.com/anyuser/status/1784090673970618402)  2024-04-27T05:22Z 111.5K followers, 47.7K engagements


"A perps DEX must run on its own L1 to scale. Some things cannot be done on a general purpose chain: [--]. Liquidate positions atomically with oracle updates [--]. Distribute funding to every user atomically on the hour [--]. Guarantee platform solvency at the end of every L1 block"  
[X Link](https://x.com/anyuser/status/1758121288210481268)  2024-02-15T13:29Z 111.5K followers, 52.1K engagements


"$PURR hit top [--] volume out of [---] assets to trade on @HyperliquidX This is despite being being the only spot asset (no leverage)"  
[X Link](https://x.com/anyuser/status/1781214780239593480)  2024-04-19T06:54Z 111.5K followers, 43.8K engagements


"Most other DEXs with TRB perps had major issues yesterday. I've seen some people lumping @HyperliquidX with the rest of them so want to clear the air here. TLDR: Hyperliquid faced zero system issues the deepest DEX liquidity when users needed it most and HLP was net profitable providing TRB liquidity. For context pool-based protocols lost LP money and CLOB platforms had uptime problems during high volatility even with centralized order matching. Yesterday validated Hyperliquid's approach of doing things the right way even when it's harder. It's the most technically ambitious design out of all"  
[X Link](https://x.com/anyuser/status/1741907129638731861)  2024-01-01T19:39Z 111.5K followers, 47.1K engagements


"For its ROI and sharpe HLP is one of the highest capacity strategies in any asset class. And its open transparent and entirely community owned. HLPs alpha is the culmination of tens of thousands of hours thinking deeply about market microstructure. Whats more HLPs primary mandate is to provide deep and tight liquidity. It is not even optimized for pnl. Conventional wisdom is that quant opportunities are capacity constrained. But @HyperliquidX might be one of the only venues where opportunities are growing faster than capital and mindshare can onboard to capture it. Look at the top MMs on the"  
[X Link](https://x.com/anyuser/status/1770470581260960250)  2024-03-20T15:20Z 111.5K followers, 44.2K engagements


"First time I've seen Hyperliquid pay to long BTC and ETH perps 60% APR if hedging on Binance"  
[X Link](https://x.com/anyuser/status/1786388577573581241)  2024-05-03T13:33Z 111.5K followers, 38.9K engagements


"1/ Order book perp DEXs are a hot "narrative" these days. Most protocols run order books offchain. What does this mean for MEV Answer: it's far worse than sandwiching and frontrunning on AMMs. A thread on why onchain order books are the only viable protection for end users ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1672715723603595264)  2023-06-24T21:18Z 111.5K followers, 79.3K engagements


"Many automated traders are making $100k daily pnl on @HyperliquidX Can probably do this with a simple python script That's how insane the flow is right now"  
[X Link](https://x.com/anyuser/status/1765044658432872541)  2024-03-05T16:00Z 111.5K followers, 44.6K engagements


"1/ Many in crypto HFT rely heavily on historical simulation while A/B testing is an afterthought. In my experience there is real alpha in live testing well. With proper experimental setup and sufficient market share you can glean causal insights not available in tick data ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1658249121520832512)  2023-05-15T23:12Z 111.5K followers, 53.5K engagements


"PURR spread 1bp Small size but still OPOH"  
[X Link](https://x.com/anyuser/status/1784500090989940956)  2024-04-28T08:29Z 111.5K followers, 54.5K engagements


"2/ About half a year ago we tried HFT on Bitget and quickly noticed their matching engine is dishonest. I'll give specific examples later in the thread. I later learned from an ex-Bitget team member that they handled retail taker flow by just B-Booking through an internal desk"  
[X Link](https://x.com/anyuser/status/1643610598494855168)  2023-04-05T13:44Z 111.5K followers, 47.6K engagements


"Been waiting a year to say this: @HyperliquidX has finally bridged the gap with CEXs The email onboarding flow is so smooth it's hard to believe it's still decentralized This was many months of hard work by the dev team requiring innovations on the bridge L1 and UI Switch to Hyperliquid for a holiday gift ๐ŸŽ CEX traders get 50% off fees for your first $50M volume. Go to https://t.co/L60Unp8Rey to get started. Fees become 0.012% taker and 0.002% maker rebate - the cheapest place to trade perps. All you need is an email to start trading. - https://t.co/NOaASXWMEI Switch to Hyperliquid for a"  
[X Link](https://x.com/anyuser/status/1740577620918693967)  2023-12-29T03:36Z 111.5K followers, 40.7K engagements


"Switch to Hyperliquid for a holiday gift ๐ŸŽ CEX traders get 50% off fees for your first $50M volume. Go to to get started. Fees become 0.012% taker and 0.002% maker rebate - the cheapest place to trade perps. All you need is an email to start trading. - - - Details: Send a screenshot of your withdrawal from a CEX to Hyperliquid via twitter DM. If you do at least $1M volume by January [--] 50% of your trading fees will be refunded directly to your Hyperliquid account by January [--]. This campaign only applies to new users. You must sign up via the link above. The refund is for each user's first"  
[X Link](https://x.com/anyuser/status/1740029598484648195)  2023-12-27T15:19Z 377.1K followers, 93.1K engagements


"1/ Been getting good questions as people try the hyperliquid API/SDK. A few wondered if it's really possible to do crypto HFT in python. The answer is undoubtedly yes A thread on how to build a fully automated HFT system and why python is the ideal language to get started ๐Ÿงต"  
[X Link](https://x.com/anyuser/status/1645071419724926976)  2023-04-09T14:29Z 111.5K followers, 95.6K engagements


"Wishing dYdX team the best. Respect the product they've built and this is only a small bump in the road. A few people have asked for details on how @HyperliquidX handles these edge cases. Usually in these attacks the attacker takes large offsetting positions and manipulates the mark price such that one side makes more pnl than the collateral of the other side. [--]. For the lowest liquidity assets Hyperliquid pioneered isolated-only perps. These perps require isolated margin and do not allow removing collateral. The only way to remove collateral is to close the position. Somewhat inconvenient"  
[X Link](https://x.com/anyuser/status/1726091053491470408)  2023-11-19T04:12Z 111.5K followers, 67.4K engagements


"Here are the main points we know about the $YFI incident on dYdX so far: Reminder no user funds have been lost but it is critical we understand what happened and adjust accordingly - in the part few days $YFI open interest on dYdX spiked from $0.8m - $67m - basically all of this was driven one actor (traceable through on chain fund movements) - this same actor attempted unsuccessfully to attack the dYdX $SUSHI market [--] weeks ago in a similar way - $YFI OI was higher on dYdX than any other perp venue - we did take action to increase initial margin ratios for $YFI prior to the price crash but"  
[X Link](https://x.com/anyuser/status/1725976971245469807)  2023-11-18T20:39Z 53.3K followers, 729.1K engagements


"L1 exchange liquidity product UI Push the frontier on all [--] and magic happens @HyperliquidX"  
[X Link](https://x.com/anyuser/status/1748744769600127149)  2024-01-20T16:30Z 111.5K followers, 68.7K engagements


"Top MM address on @HyperliquidX based on public L1 leaderboard/explorer: $10M USD pnl annualized 6000% ROI annualized 100x daily turnover This MM also likely has multiple addresses. No CEX or DEX has better flow than @HyperliquidX right now"  
[X Link](https://x.com/anyuser/status/1736021376111161368)  2023-12-16T13:52Z 111.5K followers, 30.2K engagements


"FRIEND perp is one of the craziest markets I've witnessed. Looking at the onchain data high [--] figs of "quantitative" pnl have been made on Hyperliquid in half a day since launch. When funding pays up to 1%/hr all you need is a rough beta hedge. Is that enough alpha"  
[X Link](https://x.com/anyuser/status/1693649491889443147)  2023-08-21T15:41Z 111.5K followers, 43.4K engagements


"1/ Cool to see people trying market making and documenting the progress in public Usually it's an opaque space and hard to learn from others. Most professionals want to protect their alpha at all costs. Here's my advice on dealing with these practical issues ๐Ÿงต Full transparency on market making attempt: I've been trying to build this market making experiment as it is completely outside my "comfort" zone when it comes to models. So far it has been a complete failure due to a few reasons that I'll go through here. I am using extremely https://t.co/5XcCY3XaL3 Full transparency on market making"  
[X Link](https://x.com/anyuser/status/1674922352860094465)  2023-06-30T23:26Z 111.5K followers, 62.8K engagements


"Full transparency on market making attempt: I've been trying to build this market making experiment as it is completely outside my "comfort" zone when it comes to models. So far it has been a complete failure due to a few reasons that I'll go through here. I am using extremely small size for testing this ofc as I haven't even finished proper inventory management. Requirements for this to work: - Data needs to be streaming on a continuous basis in order to stay competitive with the bid/ask constant change. This becomes more challenging if doing it between multiple exchanges. - Some sort of"  
[X Link](https://x.com/pedma7/status/1674849705824485392)  2023-06-30T18:37Z 47.3K followers, 78.6K engagements


"1/ Liquidity is definitely a factor but the fundamental reason for volatility autocorrelation is information propagation. One mental model for markets is a viscous fluid. Shocks to the system play out as damped oscillations in the price discovery process"  
[X Link](https://x.com/anyuser/status/1636350311974715393)  2023-03-16T12:54Z 111.5K followers, 33.5K engagements


"Over past [--] hours ETH perps on @HyperliquidX are doing 4.2% of the volume of ETH perps on Binance"  
[X Link](https://x.com/anyuser/status/1752769145949557024)  2024-01-31T19:01Z 111.5K followers, 24.6K engagements


"For those interested there is a 600% APR funding arb between Hyperliquid and Binance/Bybit right now"  
[X Link](https://x.com/anyuser/status/1770118208952955241)  2024-03-19T16:00Z 111.5K followers, 26K engagements


"Ok first serious tweet. On building "Binance but decentralized.""  
[X Link](https://x.com/anyuser/status/1626665933568905216)  2023-02-17T19:32Z 111.5K followers, 23.1K engagements


"https://www.youtube.com/live/eej68BhIK_Qsi=z5-tabgpSJuazlH4&t=5768 https://www.youtube.com/live/eej68BhIK_Qsi=z5-tabgpSJuazlH4&t=5768"  
[X Link](https://x.com/anyuser/status/1981236178541302255)  2025-10-23T05:48Z 111.5K followers, 57.8K engagements


"On @HyperliquidX enjoy liquidation flow as if you were a privileged DMM On other exchanges the liquidation flow is internalized by either the exchange itself or by insiders. On Hyperliquid the liquidations are sent to the book so that all users can compete fairly for this good flow. It's not fair to show these liquidations on the chart because on other venues the internal liquidations are not shown on the chart either. However the UI will be updated to show an explanation for these fills where you matched against the liquidation of another user"  
[X Link](https://x.com/anyuser/status/1765122717290774561)  2024-03-05T21:10Z 111.5K followers, 24.8K engagements


"1/ Most offshore exchanges do have their own trading desks. It's an open secret. Their supposed mandate is to provide liquidity of last resort not to make money. An ex-employee at a top exchange once told me their internal desk just provides deep liquidity and is breakeven Really sad to see Binance had [---] trading teams. Frontrunning user accounts is something you put up with at other exchanges but man I thought the majority of Binance's shady activities weren't in this area (slowing APIs to save liq. fund money etc). Really sad to see Binance had [---] trading teams. Frontrunning user accounts"  
[X Link](https://x.com/anyuser/status/1640457834289852425)  2023-03-27T20:56Z 111.5K followers, 65.4K engagements


"Really sad to see Binance had [---] trading teams. Frontrunning user accounts is something you put up with at other exchanges but man I thought the majority of Binance's shady activities weren't in this area (slowing APIs to save liq. fund money etc)"  
[X Link](https://x.com/anyuser/status/1640447652004241412)  2023-03-27T20:16Z 67.5K followers, 151.1K engagements


"HLP has been thriving with the record volumes on @HyperliquidX Over $20M TVL and almost $2M pnl this past week Liquidity can be sustainable and community owned"  
[X Link](https://x.com/anyuser/status/1744241360964669714)  2024-01-08T06:15Z 111.5K followers, 14.7K engagements


"7/ A project that thinks this is an acceptable way to run an exchange should not be getting more funding to expand. This is hard to see as an investor so it's especially important that traders with first hand experience keep exchanges honest. The crypto space deserves better"  
[X Link](https://x.com/anyuser/status/1643610611178438657)  2023-04-05T13:44Z 111.5K followers, 15.2K engagements


"TWAP execution is built natively into the Hyperliquid L1 The suborders are triggered as part of L1 state transition logic not as user transactions OPOH Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds. https://t.co/yWk75Uhz1N Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds. https://t.co/yWk75Uhz1N"  
[X Link](https://x.com/anyuser/status/1760330571425681619)  2024-02-21T15:48Z 111.5K followers, 22K engagements


"Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds"  
[X Link](https://x.com/anyuser/status/1760325603402654192)  2024-02-21T15:28Z 377.1K followers, 44.1K engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing

@chameleon_jeff Avatar @chameleon_jeff jeff.hl

jeff.hl posts on X about hyperliquid, liquidity, market, community the most. They currently have [-------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

Engagements: [-----] #

Engagements Line Chart

  • [--] Week [-------] +100%
  • [--] Month [---------] +85%
  • [--] Months [----------] +270%
  • [--] Year [----------] +171%

Mentions: [---] #

Mentions Line Chart

  • [--] Week [--] +6.10%
  • [--] Month [--] +34%
  • [--] Months [--] +67%
  • [--] Year [--] +17%

Followers: [-------] #

Followers Line Chart

  • [--] Week [-------] +0.39%
  • [--] Month [-------] +3.20%
  • [--] Months [-------] +46%
  • [--] Year [-------] +111%

CreatorRank: [-------] #

CreatorRank Line Chart

Social Influence

Social category influence exchanges #1574 finance 36.07% cryptocurrencies 21% technology brands 7.31% stocks 5.02% social networks 2.28% automotive brands 1.83% currencies 0.91% travel destinations 0.91%

Social topic influence hyperliquid #74, liquidity #1586, market 15.53%, community 14.16%, crypto #4637, in the 13.7%, up to 8.22%, trade 7.76%, finance #1974, binance #623

Top accounts mentioned or mentioned by @hyperliquidx @chameleonjeff @havochl_ @dragonflyxyzs @bitgetglobal @youtube @spotify @smartestmoney @crypto_adair @d2_finance @hlhbuild @hyperpc @bharvest @christyhwchoi @skyggofficial @hypurrcorea @hypurrco @hyperliquidkr @mikeippolito @monetsupply

Top assets mentioned Purr (PURR) Spotify Technology (SPOT) Hyperliquid (HYPE) yearn.finance (YFI) Goatseus Maximus (GOAT) Coinbase Global Inc. (COIN)

Top Social Posts

Top posts by engagements in the last [--] hours

"No investors No paid market makers No fees to the dev team No insiders @HyperliquidX"
X Link 2024-01-28T19:43Z 111.5K followers, 547.1K engagements

"TLDR: During recent volatility Hyperliquid had 100% uptime with zero bad debt. This was Hyperliquids first cross-margin ADL in more than [--] years of operation. ADL does not change the outcome for any liquidated users. While some specific ADL providing trades were unfavorable the aggregate effect of ADL was that traders realized significant pnl by closing positions at favorable prices that were only briefly available. -- Its sad to see some people attack Hyperliquid to deflect from their own platforms issues. Solvency and uptime are the two most important properties of a financial system. These"
X Link 2025-10-11T17:40Z 111.5K followers, 1.2M engagements

"Hyperliquids fully onchain liquidations cannot be compared with underreported CEX liquidations Hyperliquid is a blockchain where every order trade and liquidation happens onchain. Anyone can permissionlessly verify the chains execution including all liquidations and their fair execution for all users. Furthermore anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance. Some CEXs publicly document that they dramatically underreport user liquidations. For example on"
X Link 2025-10-13T03:34Z 111.5K followers, 2.2M engagements

"Hyperliquid supports permissionless perps on anything. As all of finance moves onchain there is a billion dollar opportunity to build a mobile app for non-crypto users. The two keys are: [--]. seamless fiat onboarding [--]. a mobile UX that non-crypto users love Hyperliquid and HIP-3 perps offer the full backend liquidity infrastructure. Solve [--] and [--] and you have a product that markets itself: global permissionless finance at your fingertips. Builder codes allow monetization proportional to volume flowing through the app fully configurable per-trade. Hyperliquids ethos is to let talented hungry"
X Link 2025-11-25T15:23Z 111.5K followers, 610.6K engagements

"Integrity has always been one of Hyperliquid's core values. The house of all finance must be credibly neutral. This means no private investors no market maker deals and no protocol fees to any company. The initial state of any blockchain is a crucial part of its story that can never be erased. The original ethos of Bitcoin was a permissionless network accessible to all. Hyperliquid's genesis distribution followed this spirit going entirely to early users with core contributors excluded. The full distribution is verifiable onchain without obfuscation. This principle of fairness frustrates a"
X Link 2026-01-01T18:02Z 111.5K followers, 783.7K engagements

"1/ Huge respect for Dragonfly continuing to invest in the bear market. But I'm morally obliged to call out sketchy projects gaining momentum. As a community we must preempt large scale implosions like #FTX or #LUNA that set the industry back years Bitget may be the next FTX ๐Ÿงต I'm thrilled to announce @dragonfly_xyz's investment in @BitgetGlobal. Bitget is making crypto more accessible with its innovative derivatives products and a user-centric approach and we're proud to support their mission and growth. https://t.co/xJWW2dGVxq I'm thrilled to announce @dragonfly_xyz's investment in"
X Link 2023-04-05T13:44Z 111.5K followers, 411.5K engagements

"Reminder: the Hyperliquid dev team does not profit from increased activity as it does not collect trading fees. On the contrary it is entirely self-funded with exponentially increasing burn. There is not a single private investor. $25M of revenue has gone back to the community through HLP. Another project could have easily pocketed some or all of these profits. Whats the point of all this To build something that really matters. When finance moves onchain it will bring trillions of dollars of value to billions of users. It wont move for a half-baked system but the Hyperliquid L1 has a shot."
X Link 2024-05-29T16:48Z 111.5K followers, 442.5K engagements

"BTC OI is growing rapidly on @HyperliquidX and the automated arbers haven't sized up for several hours Could be a decent manual opportunity available in size"
X Link 2024-08-26T04:31Z 111.5K followers, 84.2K engagements

"interesting things happening on testnet"
X Link 2024-09-08T08:01Z 111.5K followers, 126.8K engagements

"Debunking Hyperliquid FUD (Part 1: HLP liquidations and platform guarantees) It's sad to see coordinated misinformation campaigns targeting Hyperliquid which have led to widespread misunderstanding of what we are all working so hard to build. In response this series of posts provides detailed factual explanations of how Hyperliquid works. As a community we must actively fight FUD by spreading the truth. The tone with which we do this also matters: the best way to grow as a protocol and ultimately house all finance is to remain humble and welcome more users into the ecosystem. -- The first"
X Link 2025-04-05T14:17Z 111.5K followers, 267.6K engagements

"Top MM address on @HyperliquidX based on public L1 leaderboard/explorer: $10M USD pnl annualized 6000% ROI annualized 100x daily turnover This MM also likely has multiple addresses. No CEX or DEX has better flow than @HyperliquidX right now"
X Link 2023-12-16T13:52Z 111.5K followers, 30.2K engagements

"Cool visualization HLP has made $6M in cumulative pnl with 100% going to depositors. Liquidity pools can be simultaneously sophisticated accessible and transparent. You will never find this on a CEX. Hacked together a script to plot BBO 100k$ bid/ask/mid trades and orders for the highly profitable HLP MM strategy A on Hyperliquid. It posts in reasonably large size but also with a reasonable spread often quoting outside 100k$ prices capturing mainly larger trades. 1/2 https://t.co/VPrFXCIaDD Hacked together a script to plot BBO 100k$ bid/ask/mid trades and orders for the highly profitable HLP"
X Link 2024-02-05T22:26Z 111.5K followers, 23.2K engagements

"The @HyperliquidX L1 will not just be for perps"
X Link 2024-03-14T16:30Z 111.5K followers, 99.2K engagements

"$PURR hit top [--] volume out of [---] assets to trade on @HyperliquidX This is despite being being the only spot asset (no leverage)"
X Link 2024-04-19T06:54Z 111.5K followers, 43.8K engagements

"For those who dislike typing: http://hl.xyz http://hl.xyz"
X Link 2024-06-17T11:21Z 111.5K followers, 55K engagements

"It's inspiring to see tens of thousands of community members secure life-changing wealth as part of the Hyperliquid genesis event. Importantly none of these people were insiders. They: 1) believed in the vision for a better financial system when no one else would 2) acted on that conviction by using and building upon the nascent technology bootstrapping an unstoppable financial network The Hyperliquid genesis pays homage to the original ethos of Bitcoin: ownership goes to the believers and doers not rent-seeking insiders. For all you early believers thank you for the unwavering faith and"
X Link 2024-11-30T15:46Z 111.5K followers, 913.7K engagements

"Paging all funding arbers"
X Link 2025-01-18T05:46Z 111.5K followers, 98.3K engagements

"Even after a full day of CEX listings TRUMP perps on Hyperliquid are doing 44% of the volume of Bybit: $3.25B vs $7.31B over 24h Users are waking up to the crypto-native way to trade"
X Link 2025-01-19T09:44Z 111.5K followers, 296.3K engagements

"paging all funding arbers again"
X Link 2025-01-20T00:30Z 111.5K followers, 158.4K engagements

"Noticing a trend that important projects have perps on Hyperliquid before anywhere else Informed traders can no longer afford to stay on CEXs"
X Link 2025-01-28T01:11Z 111.5K followers, 350.2K engagements

"Hyperliquid = HyperCore + HyperEVM. One piece of user feedback since HyperEVMs alpha launch was to more intuitively communicate how the HyperEVM fits into the larger context of Hyperliquid. To this effect the native pieces of the Hyperliquid execution state have been organized under one umbrella term: HyperCore. HyperCore consists of performant native components: order book perp and spot DEX staking oracles multi-sig etc. HyperEVM is a general purpose world-computer allowing builders to deploy code that interacts with both HyperEVM and HyperCore. Together they form one global composable state"
X Link 2025-03-09T14:15Z 111.5K followers, 572.2K engagements

"There's been a lot of discussion on Hyperliquid's margin design. Ill address some flaws in the common arguments and explain Hyperliquid's first-principles based approach to improving the system. To my knowledge this is the first such design in margining systems. Perhaps other teams will find it useful for their own logic. Like good theories in physics the best margining design is simple canonical explainable and works in a wide variety of pathological scenarios. [--]. The conclusion of some people has been that there needs to be a centralized force that detects and limits malicious behavior."
X Link 2025-03-13T16:12Z 111.5K followers, 485.4K engagements

"Thanks for having me on lads Enjoyed the conversation Hyperliquid The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY ๐Ÿ˜ฑ Are CEXs https://t.co/Nl8jheP4bk The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY"
X Link 2025-04-05T02:48Z 111.5K followers, 103.7K engagements

"Hyperliquid had zero downtime today"
X Link 2025-04-15T12:12Z 111.5K followers, 237.6K engagements

"https://www.youtube.com/live/eej68BhIK_Qsi=z5-tabgpSJuazlH4&t=5768 https://www.youtube.com/live/eej68BhIK_Qsi=z5-tabgpSJuazlH4&t=5768"
X Link 2025-10-23T05:48Z 111.5K followers, 57.8K engagements

"Congrats to Native Markets on pioneering the first aligned stablecoin on Hyperliquid Looking forward to seeing a novel and compliant stablecoin grow with the protocol bringing value to the entire ecosystem and onboarding the next wave of non-crypto users. As of 13:10 UTC Native Markets has upgraded USDH to qualify as an Aligned Quote Asset. Now when trading on markets quoted in USDH: Takers enjoy 20% lower fees Makers earn +50% rebates Traders earn +20% volume contribution toward fee tiers As of 13:10 UTC Native Markets has upgraded USDH to qualify as an Aligned Quote Asset. Now when trading"
X Link 2025-11-23T14:58Z 111.5K followers, 279K engagements

"1/ We've talked before about how latency is an important component of every crypto HFT strategy. The optimization process is fun detective work because the exchange's tech is often a black box. A thread on what to measure graph and analyze for your production HFT system ๐Ÿงต"
X Link 2023-04-22T13:42Z 111.5K followers, 73.4K engagements

"I've been tweeting more about @HyperliquidX than crypto HFT these days because that's where I spend most my time. Haven't forgotten about my HFT followers though. Shoot me your questions below in the comments and I'll answer the ones I can"
X Link 2023-05-24T03:06Z 111.5K followers, 21.3K engagements

"1/ Though painful short term for the crypto industry the #binance fiasco will push the space towards transparent decentralized protocols. But it won't be easy. Users love Binance for the product they've built. A thread on how @HyperliquidX is answering the call ๐Ÿงต"
X Link 2023-06-05T22:26Z 111.5K followers, 77.4K engagements

"Those who can do Those who can't fud"
X Link 2025-01-08T03:44Z 111.5K followers, 461.5K engagements

"Thank you to everyone who took the time to thoughtfully respond to my post on transparent markets. I understand that the thesis is controversial and that Hyperliquid is at a new frontier as the first fully transparent order book venue of its scale. I could well be mistaken and welcome the continuous dialogue on market structure innovation. However many criticisms I saw stemmed from misunderstandings with some points actually supporting transparent systems like Hyperliquid. Market structure is notoriously counterintuitive and novel approaches often challenge established paradigms leading to"
X Link 2025-06-03T04:12Z 111.5K followers, 584K engagements

"Huge congrats to the Phantom team on their perps launch We're honored that they chose Hyperliquid as their infrastructure tapping into the best onchain liquidity with permissionless monetization via builder codes. By building on Hyperliquid the Phantom team can focus on their world-class user experience trusting that the liquidity infrastructure of Hyperliquid will give their users world-class execution. Innovative user interfaces are a huge milestone in bringing finance onchain. I'm excited to see Phantom and Hyperliquid scale and grow together Introducing: Phantom Perps ๐Ÿ‘ปโ™พ Go long or short"
X Link 2025-07-09T05:10Z 111.5K followers, 427.7K engagements

"I've heard feedback from many that market making has gotten more competitive on Hyperliquid recently. This is great for end users as it means liquidity is deeper and more robust. Fairness is a core principle of Hyperliquid in every dimension. For market makers this means that the blockchain is designed with equal access in mind. However equal does not mean easy. As the protocol continues to scale to meet increasing demand it becomes important to understand the intricacies of Hyperliquid's custom infrastructure that powers the largest permissionless trading venue. For a long time the primary"
X Link 2025-08-09T10:21Z 111.5K followers, 256.5K engagements

"See for further details https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/optimizing-latency https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/optimizing-latency"
X Link 2025-08-09T10:21Z 111.5K followers, 98.1K engagements

"A common question Ive heard in Seoul is: what makes Hyperliquid special I haven't found a way to distill it all into a sentence but one reason that stood out to me the past few days is the culture of dreaming big and executing while staying true to the original ethos of defi: integrity fairness and transparency. The work is hard and there are many crucial components to be built. But thats the beauty of the Hyperliquid community. Builders rise to the challenge and push the frontier of what is possible. Ive never been more excited to continue building alongside everyone. Since beginning work on"
X Link 2025-09-23T13:32Z 111.5K followers, 538.6K engagements

"Those who can do Those who can't fud Before writing a paper maybe learn the definition of what you are studying ADL does not "transfer pnl to HLP." It treats HLP entirely symmetrically with users. ADL has nothing to do with HLP or backstop liquidations ADL did not "destroy $653 million of pnl" either. If you don't understand what you're talking about you are not qualified to spread lies masked by fancy ML terms to sound smart. It's a shame that these are the "academics" that the industry looks up to"
X Link 2025-12-10T01:38Z 111.5K followers, 595.8K engagements

"In [----] Hyperliquid 1) redefined the crypto meta to put community above all. With Hyperliquid there are no investors no market makers and no fees paid to any company. Billions of dollars of value were created by a common vision and relentless hard work. This value went directly to hundreds of thousands of users building a passionate community with real skin in the game. You all continue to inspire me every day. 2) became the first mature permissionless financial hub where liquidity and UX matched the most liquid centralized venues. Recent highlights include $15B 24-hour volume reaching 20% of"
X Link 2025-01-14T08:42Z 111.5K followers, 1M engagements

"Excited to see Unit protocol hit mainnet For the first time users can trade native assets from another chain using the seamless UX of Hyperliquid. BTC is the most important crypto asset and historically the most difficult to bring to defi. Most wrapped BTC options today involve a single custodian contradicting the ethos of defi. Unit protocol's guardian architecture is a generalized solution bringing self-custody to a wide range of asset sources. When a user deposits trades and withdraws BTC using Unit and Hyperliquid they maintain full control of their assets at all times. Like Hyperliquid"
X Link 2025-02-14T16:49Z 111.5K followers, 496K engagements

"The @HyperliquidX X account was compromised. Please do not click any links that it posts Hyperliquid protocol itself is unaffected and funds are safe"
X Link 2025-05-01T00:45Z 111.5K followers, 218.5K engagements

"Excited to see the world's most popular stablecoin on Hyperliquid Enabling permissionless and fully customizable multi-chain assets was one of the key motivations for the HyperEVM. It's great to see the USDT0 and LayerZero teams provide a seamless and secure product for all Hyperliquid users. Users can mint USDT0 from various source chains without needing to make a pit-stop on a required chain before bridging. Indeed USDT0 is secured by the LayerZero protocol without need for a custom smart contract bridge. From the builder's perspective USDT0 highlights the power of the HyperEVM as a"
X Link 2025-05-11T09:46Z 111.5K followers, 384.4K engagements

"Thanks @MikeIppolito_ and @MonetSupply for having me on Bell Curve Really enjoyed the thoughtful questions and discussion including: [--]. HyperEVM as a permissionless interface into HyperCore [--]. MEV and market design from first principles [--]. Business idea: Fully onchain LSTs protocolizing HIP-3 market deployments with unique revenue streams enabled by the HyperEVM https://www.youtube.com/watchv=xHGKv0Cx7ao https://www.youtube.com/watchv=xHGKv0Cx7ao"
X Link 2025-05-14T04:03Z 111.5K followers, 141.4K engagements

"Why transparent trading improves execution for whales Throughout Hyperliquids growth skeptics questioned the platform's ability to scale liquidity. These concerns have been resolved now that Hyperliquid is one of the most liquid venues globally. With Hyperliquids adoption by some of the largest traders in crypto discussion has shifted to concerns around transparent trading. Many believe that whales on Hyperliquid are: 1) frontrun as they enter their position 2) hunted because their liquidation and stop prices are public These concerns are natural but the opposite is actually true: for most"
X Link 2025-05-31T18:38Z 111.5K followers, 993.3K engagements

"Thanks for having me on guys Enjoyed the discussion Jeff built an empire with no KPIs no team page no VC deck. This week we pulled @chameleon_jeff out of the shadows Timestamps 00:00 Intro 02:51 Hyperliquid's Market Dominance 05:14 The Philosophy Behind Hyperliquid's Success 07:44 Challenges with Decentralized Exchanges https://t.co/edTEKS8tki Jeff built an empire with no KPIs no team page no VC deck. This week we pulled @chameleon_jeff out of the shadows Timestamps 00:00 Intro 02:51 Hyperliquid's Market Dominance 05:14 The Philosophy Behind Hyperliquid's Success 07:44 Challenges with"
X Link 2025-06-21T12:35Z 111.5K followers, 139.9K engagements

"Doug's ADL explanation for reference: https://x.com/0xdoug/status/1976850615621107743 1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist https://t.co/I9MHXVAInd https://x.com/0xdoug/status/1976850615621107743 1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist"
X Link 2025-10-11T17:44Z 111.5K followers, 116.2K engagements

"Source for screenshot: https://developers.binance.com/docs/derivatives/usds-margined-futures/websocket-market-streams/Liquidation-Order-Streams#stream-description https://developers.binance.com/docs/derivatives/usds-margined-futures/websocket-market-streams/Liquidation-Order-Streams#stream-description"
X Link 2025-10-13T03:35Z 111.5K followers, 102.6K engagements

"Debunking the FUD that Hyperliquid prioritizes protocol revenue over traders On 10/10 Hyperliquid ADLs net made users hundreds of millions of dollars by closing profitable short positions at favorable prices. If more positions had been backstop liquidated HLP could have made hundreds of millions of dollars more in pnl while being exposed to an irresponsible amount of risk. ADL passed on HLP's potential pnl to users while decreasing HLP's exposure a win-win. As a reminder the ADL queue on Hyperliqid has always followed a similar formula to what most CEXs use incorporating both leverage used"
X Link 2025-10-18T16:53Z 111.5K followers, 413.5K engagements

"Thanks to @TBPN for having me on It was a fun conversation about the origin story principles and vision for Hyperliquid How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid https://t.co/UUjZDZQZBs How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid https://t.co/UUjZDZQZBs"
X Link 2025-10-23T05:48Z 111.5K followers, 274.5K engagements

"Congratulations to @tradexyz @ventuals and @felixprotocol on their HIP-3 launches It's exciting to see things come together after months of hard work building on the core protocol and deployer sides. Permissionless perp deployments are a massive step in Hyperliquid's journey to house all of finance. On Hyperliquid hungry and ambitious builders step up to reinvent core pillars of finance. Perps will bring unprecedented capital efficiency and price discovery to global markets. HIP-3 empowers any builder to upgrade financial markets by leveraging Hyperliquid's battle-tested onchain"
X Link 2025-11-14T17:41Z 111.5K followers, 258.6K engagements

"Hyperliquid has quietly achieved an important milestone of becoming the most liquid venue for crypto price discovery in the world. See below for side by side comparison of BTC perps on Binance (left) and Hyperliquid (right). With HIP-3 teams leading the way Hyperliquid has also grown to become the most liquid venue for perps on tradfi assets. Thank you to everyone's hard work as we upgrade the financial system and house all of finance. HIP-3 open interest reached an all-time high of $790M driven recently by a surge in commodities trading. HIP-3 OI has been hitting new ATHs each week. A month"
X Link 2026-01-26T16:12Z 111.5K followers, 1.2M engagements

"Are we so back"
X Link 2024-09-27T05:26Z 111.5K followers, 54.3K engagements

"1/ This is a common fallacy Just because you cross a wide spread when using a market order doesn't mean you should place resting limit orders. If you do this good chance you are burning money. Let's use some HFT thinking to help all types of traders ๐Ÿงต"
X Link 2023-03-10T02:39Z 111.5K followers, 56K engagements

"1/ Liquidity is definitely a factor but the fundamental reason for volatility autocorrelation is information propagation. One mental model for markets is a viscous fluid. Shocks to the system play out as damped oscillations in the price discovery process"
X Link 2023-03-16T12:54Z 111.5K followers, 33.5K engagements

"1/ For quants just starting out what specific strategies should you run Cast a wide net when exploring but quickly focus in when you have a lead. The zero to one moment of live pnl should be your first goal. A thread on some general directions to get you there ๐Ÿงต"
X Link 2023-03-21T01:17Z 111.5K followers, 101.4K engagements

"1/ Crypto HFT is our bread and butter in trading. We primarily look at tick data for short term alpha and strategy tuning. One day we had a crazy idea: What if our own HFT pnl predicted mid frequency price movements A thread on one of my favorite medium frequency strategies ๐Ÿงต"
X Link 2023-03-24T01:47Z 111.5K followers, 129.1K engagements

"1/ Most offshore exchanges do have their own trading desks. It's an open secret. Their supposed mandate is to provide liquidity of last resort not to make money. An ex-employee at a top exchange once told me their internal desk just provides deep liquidity and is breakeven Really sad to see Binance had [---] trading teams. Frontrunning user accounts is something you put up with at other exchanges but man I thought the majority of Binance's shady activities weren't in this area (slowing APIs to save liq. fund money etc). Really sad to see Binance had [---] trading teams. Frontrunning user accounts"
X Link 2023-03-27T20:56Z 111.5K followers, 65.4K engagements

"1/ Many of you have asked for specific latency tricks on different exchanges since infrastructure optimization is the foundation of a profitable crypto HFT strategy. Here are some lesser known insights: filtering retail flow on Upbit and bypassing the risk engine on Binance ๐Ÿงต"
X Link 2023-04-01T16:13Z 111.5K followers, 295.5K engagements

"2/ About half a year ago we tried HFT on Bitget and quickly noticed their matching engine is dishonest. I'll give specific examples later in the thread. I later learned from an ex-Bitget team member that they handled retail taker flow by just B-Booking through an internal desk"
X Link 2023-04-05T13:44Z 111.5K followers, 47.6K engagements

"3/ This is way worse than the usual allegations of CEXs having an internal MM desk. Masquerading as an order book exchange to your customers while you secretly use a different structure behind the scenes is unequivocally unethical. It's probably illegal in any jurisdiction"
X Link 2023-04-05T13:44Z 111.5K followers, 18.4K engagements

"7/ A project that thinks this is an acceptable way to run an exchange should not be getting more funding to expand. This is hard to see as an investor so it's especially important that traders with first hand experience keep exchanges honest. The crypto space deserves better"
X Link 2023-04-05T13:44Z 111.5K followers, 15.2K engagements

"1/ Been getting good questions as people try the hyperliquid API/SDK. A few wondered if it's really possible to do crypto HFT in python. The answer is undoubtedly yes A thread on how to build a fully automated HFT system and why python is the ideal language to get started ๐Ÿงต"
X Link 2023-04-09T14:29Z 111.5K followers, 95.6K engagements

"1/ Many in crypto HFT rely heavily on historical simulation while A/B testing is an afterthought. In my experience there is real alpha in live testing well. With proper experimental setup and sufficient market share you can glean causal insights not available in tick data ๐Ÿงต"
X Link 2023-05-15T23:12Z 111.5K followers, 53.5K engagements

"1/ Excited to announce HLP to closed alpha participants. The primary liquidity provider on Hyperliquid is now community owned HLP = (G+1)LP is the evolution of GLP applied to a performant order book DEX A thread on how this works why we built it and where we go from here ๐Ÿงต 0/ Introducing the Hyperliquidity Provider (HLP) vault: democratized market making HLP runs MM strategies on the Hyperliquid exchange. Anyone can provide liquidity for HLP and share in the P&L. Like the Liquidator vault HLP is community owned and doesn't collect any fees. https://t.co/ThixD1PDdR 0/ Introducing the"
X Link 2023-05-20T15:11Z 111.5K followers, 39.7K engagements

"1/ Yesterday's mini INJ pump presented an exciting opportunity to analyze the performance of Hyperliquid's protocol vaults. Spoiler alert: They both printed some sweet real yield for depositors. Here's a breakdown of how it unfolded as well as some onchain HFT analysis ๐Ÿงต"
X Link 2023-05-23T02:28Z 111.5K followers, 34.1K engagements

"1/ Order book perp DEXs are a hot "narrative" these days. Most protocols run order books offchain. What does this mean for MEV Answer: it's far worse than sandwiching and frontrunning on AMMs. A thread on why onchain order books are the only viable protection for end users ๐Ÿงต"
X Link 2023-06-24T21:18Z 111.5K followers, 79.3K engagements

"1/ Cool to see people trying market making and documenting the progress in public Usually it's an opaque space and hard to learn from others. Most professionals want to protect their alpha at all costs. Here's my advice on dealing with these practical issues ๐Ÿงต Full transparency on market making attempt: I've been trying to build this market making experiment as it is completely outside my "comfort" zone when it comes to models. So far it has been a complete failure due to a few reasons that I'll go through here. I am using extremely https://t.co/5XcCY3XaL3 Full transparency on market making"
X Link 2023-06-30T23:26Z 111.5K followers, 62.8K engagements

"1/ Quanto perp funding rates came up during some DEX margining discussions recently. My mind naturally wandered to quant trading. I'm always excited to apply HFT ideas to mid frequency strategies. Alas I don't have time to explore it these days but here are the ideas ๐Ÿงต 1/ Crypto HFT is our bread and butter in trading. We primarily look at tick data for short term alpha and strategy tuning. One day we had a crazy idea: What if our own HFT pnl predicted mid frequency price movements A thread on one of my favorite medium frequency strategies ๐Ÿงต 1/ Crypto HFT is our bread and butter in trading."
X Link 2023-08-12T17:14Z 111.5K followers, 34.6K engagements

"FRIEND perp is one of the craziest markets I've witnessed. Looking at the onchain data high [--] figs of "quantitative" pnl have been made on Hyperliquid in half a day since launch. When funding pays up to 1%/hr all you need is a rough beta hedge. Is that enough alpha"
X Link 2023-08-21T15:41Z 111.5K followers, 43.4K engagements

"I talk a lot about how @HyperliquidX is innovating by listing perps that even CEXs don't have Worth noting that the fundamentals are quietly improving too You can market buy $200k of BTC for 2.5bp taker fees and 2.5bp slippage Better-than-CEX execution for retail"
X Link 2023-09-04T09:15Z 111.5K followers, 28.7K engagements

"Spotted in the wild"
X Link 2023-09-15T11:04Z 111.5K followers, 13.6K engagements

"Post-fee and pre-incentive metrics on @HyperliquidX $7B cumulative volume $1.2B cumulative retail volume Past week there is around $50-100k/day of quant pnl opportunity on Hyperliquid. Would people be interested in a thread on some strategy ideas"
X Link 2023-11-02T22:45Z 111.5K followers, 20.7K engagements

"Wishing dYdX team the best. Respect the product they've built and this is only a small bump in the road. A few people have asked for details on how @HyperliquidX handles these edge cases. Usually in these attacks the attacker takes large offsetting positions and manipulates the mark price such that one side makes more pnl than the collateral of the other side. [--]. For the lowest liquidity assets Hyperliquid pioneered isolated-only perps. These perps require isolated margin and do not allow removing collateral. The only way to remove collateral is to close the position. Somewhat inconvenient"
X Link 2023-11-19T04:12Z 111.5K followers, 67.4K engagements

"Great funding arb opportunity right now on SEI perps +500% annualized funding on @HyperliquidX -500% annualized on Binance 0.6% spread pnl from the arb too [--] figs of capacity"
X Link 2023-12-19T01:15Z 111.5K followers, 18.9K engagements

"Been waiting a year to say this: @HyperliquidX has finally bridged the gap with CEXs The email onboarding flow is so smooth it's hard to believe it's still decentralized This was many months of hard work by the dev team requiring innovations on the bridge L1 and UI Switch to Hyperliquid for a holiday gift ๐ŸŽ CEX traders get 50% off fees for your first $50M volume. Go to https://t.co/L60Unp8Rey to get started. Fees become 0.012% taker and 0.002% maker rebate - the cheapest place to trade perps. All you need is an email to start trading. - https://t.co/NOaASXWMEI Switch to Hyperliquid for a"
X Link 2023-12-29T03:36Z 111.5K followers, 40.7K engagements

"Most other DEXs with TRB perps had major issues yesterday. I've seen some people lumping @HyperliquidX with the rest of them so want to clear the air here. TLDR: Hyperliquid faced zero system issues the deepest DEX liquidity when users needed it most and HLP was net profitable providing TRB liquidity. For context pool-based protocols lost LP money and CLOB platforms had uptime problems during high volatility even with centralized order matching. Yesterday validated Hyperliquid's approach of doing things the right way even when it's harder. It's the most technically ambitious design out of all"
X Link 2024-01-01T19:39Z 111.5K followers, 47.1K engagements

"Latency and tx ordering on @HyperliquidX Some alpha for MMs and researchers: 1) Hyperliquid L1 has a novel microstructure benefiting retail and makers over toxic takers 2) Volume would be multiples higher without this design 3) Hyperliquid is optimized for the end user period. Not for VC metrics fees or HLP pnl ---- Background A well-designed exchange matches trades when both sides want to transact. Maximizing volume is a secondary goal. First and foremost buyers and sellers should both be happy with the price. This guiding principle applies to all markets: centralized or decentralized"
X Link 2024-01-06T15:07Z 111.5K followers, 115.9K engagements

"HLP has been thriving with the record volumes on @HyperliquidX Over $20M TVL and almost $2M pnl this past week Liquidity can be sustainable and community owned"
X Link 2024-01-08T06:15Z 111.5K followers, 14.7K engagements

"L1 exchange liquidity product UI Push the frontier on all [--] and magic happens @HyperliquidX"
X Link 2024-01-20T16:30Z 111.5K followers, 68.7K engagements

"Over past [--] hours ETH perps on @HyperliquidX are doing 4.2% of the volume of ETH perps on Binance"
X Link 2024-01-31T19:01Z 111.5K followers, 24.6K engagements

"TWAP execution is built natively into the Hyperliquid L1 The suborders are triggered as part of L1 state transition logic not as user transactions OPOH Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds. https://t.co/yWk75Uhz1N Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds. https://t.co/yWk75Uhz1N"
X Link 2024-02-21T15:48Z 111.5K followers, 22K engagements

"Many automated traders are making $100k daily pnl on @HyperliquidX Can probably do this with a simple python script That's how insane the flow is right now"
X Link 2024-03-05T16:00Z 111.5K followers, 44.6K engagements

"Most people still don't realize @HyperliquidX is a proper L1. The volume-based limits are just a spin on gas abstraction to match CEX experience. A taker strategy with 10k avg order size and 20% fill rate will have an average fill provide a 2000x gas surplus for maker strategies to use. Most strategies have a large volume range over which pnl is flat. MMs already optimize volume as a secondary objective to hit the best fee tier. At Hyperliquid there is just another incentive to do this. Updating my rate limit logic to fit Hyperliquid rate limiting system. I assign a priority coefficient [--] 1"
X Link 2024-03-06T14:00Z 111.5K followers, 28.2K engagements

"For those interested there is a 600% APR funding arb between Hyperliquid and Binance/Bybit right now"
X Link 2024-03-19T16:00Z 111.5K followers, 26K engagements

"For its ROI and sharpe HLP is one of the highest capacity strategies in any asset class. And its open transparent and entirely community owned. HLPs alpha is the culmination of tens of thousands of hours thinking deeply about market microstructure. Whats more HLPs primary mandate is to provide deep and tight liquidity. It is not even optimized for pnl. Conventional wisdom is that quant opportunities are capacity constrained. But @HyperliquidX might be one of the only venues where opportunities are growing faster than capital and mindshare can onboard to capture it. Look at the top MMs on the"
X Link 2024-03-20T15:20Z 111.5K followers, 44.2K engagements

"Proud of the whole @HyperliquidX dev team and community for the smooth launch of spot trading It's a big milestone for the @HyperliquidX L1 that has been months in the making. Excited to see HIP-1 and HIP-2 mature into permissionless standards. Most L1s build infrastructure and hope that others will come build the killer apps. Hyperliquid takes the opposite approach: polish a native application and then grow into general purpose infrastructure. Why 1) The users liquidity and mindshare are seamlessly integrated into the chain as it expands. The hardest part is getting real users but it's"
X Link 2024-04-18T16:03Z 111.5K followers, 96.2K engagements

"What will it take to move finance onchain Binance (CEX) + Solana (L1) + Tower (MM) = Am I missing anything"
X Link 2024-04-27T05:22Z 111.5K followers, 47.7K engagements

"PURR spread 1bp Small size but still OPOH"
X Link 2024-04-28T08:29Z 111.5K followers, 54.5K engagements

"First time I've seen Hyperliquid pay to long BTC and ETH perps 60% APR if hedging on Binance"
X Link 2024-05-03T13:33Z 111.5K followers, 38.9K engagements

"The Hyperliquid L1 will be transitioning to HyperBFT a custom consensus algorithm written from the ground up. The implementation is in final stages of testing on testnet. The mainnet migration is expected to happen in the coming weeks. The Hyperliquid L1 is one of a few chains in production with real demand above 20k TPS. With a scope expanding far beyond perps trading (more on that later) it is crucial to optimize the foundational consensus algorithm. Like most modern consensus algorithms HyperBFT is based on Hotstuff and subsequent improvements. Huge thanks to the researchers who continue"
X Link 2024-05-05T15:19Z 111.5K followers, 685.9K engagements

"@0xBoboShanti implementation is entirely in rust"
X Link 2024-05-05T15:57Z 111.5K followers, 13K engagements

"During extreme volatility like today @HyperliquidX is often the most liquid venue across DEXs and CEXs. Even on majors like ETH perps. Liquidity has a reputation for disappearing when users need it the most. The more efficient the market the more pronounced this effect. It's a fair pricing of adverse selection by toxic takers. Conventional wisdom says it's an unavoidable side effect of the order book model. But this is lazy thinking. The market structure and underlying infrastructure should be optimized to best serve the end user. By redesigning the L1 from first principles Hyperliquid proves"
X Link 2024-07-05T08:40Z 111.5K followers, 99.2K engagements

"Grateful to build with such a passionate community. Never been more excited about the road ahead"
X Link 2024-09-12T17:25Z 111.5K followers, 94.5K engagements

"AWS : Cloud infrastructure :: Hyperliquid : Liquidity infrastructure Today liquidity on Hyperliquid rivals even tier [--] CEXs. With builder codes this deep liquidity is now permissionlessly accessible for anyone to monetize. AWS transformed the cloud abstracting away the messy details of hardware to let builders focus on software and business logic. Hyperliquid is transforming liquidity abstracting away the messy details of the exchange platform to let builders focus on product and user acquisition. AWS does two simple things well: 1) Performance: Scalable and reliable for startups to grow"
X Link 2024-10-02T08:19Z 111.5K followers, 238.3K engagements

"This new layout is the GOAT on monitors By community request you can now long or short $GOAT with up to 3x leverage. https://t.co/EnZjRqMvpE By community request you can now long or short $GOAT with up to 3x leverage. https://t.co/EnZjRqMvpE"
X Link 2024-10-23T14:10Z 111.5K followers, 75K engagements

"Hyperliquid is bringing the entire financial stack onto one platform. As a proof of concept PURR now has: [--]. Native token ledger [--]. Spot order book [--]. Built-in oracle [--]. Perps trading Each feature is built upon the previous. All live composably on the L1. By community request you can now long or short $PURR with up to 3x leverage. https://t.co/4IUNxK2Oo3 By community request you can now long or short $PURR with up to 3x leverage. https://t.co/4IUNxK2Oo3"
X Link 2024-11-04T14:07Z 111.5K followers, 283K engagements

"Yesterday's CEX listing drama highlights that even after a decade of defi CEXs still monopolize liquidity. Builders must make a tough choice between rewarding their community and paying for distribution. Hyperliquid's vision is a unified platform to build applications and trade assets. No compromises. No rent-seeking gatekeepers"
X Link 2024-11-05T01:34Z 111.5K followers, 175.6K engagements

"Thanks for having me on Kevin Enjoyed discussing Hyperliquids backstory and vision E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most hyped L1s includes a decentralized perpetual exchange with https://t.co/GMzZvlrH0X E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most"
X Link 2024-11-09T04:09Z 111.5K followers, 236.9K engagements

"1/ There could be interesting dislocations on Monday depending how #Coinbase reenables #USDC conversions. The stuff of quant dreams. Let's analyze Coinbase's tech stack: order and feed latencies and what makes HFT on Coinbase unique ๐Ÿงต USDC/USDT sub $0.95 on Coinbase https://t.co/jYZ7tuFOAG USDC/USDT sub $0.95 on Coinbase https://t.co/jYZ7tuFOAG"
X Link 2023-03-12T13:52Z 111.5K followers, 53.5K engagements

"Execution Extremely proud of the community and team for the smooth launch of the HyperEVM. The upgrade happened amidst billions of dollars of daily volume where the majority of defi derivatives trade. There was no downtime and no performance degradation after the launch. The UX of trading is still so seamless that many users assume the HyperEVM is a separate chain To be clear: the HyperEVM and the existing native Hyperliquid financial system are one composable state. The safest way to upgrade this uniquely complex system is a gradual rollout. Precompiles and other L1 interactions will build"
X Link 2025-02-19T17:24Z 111.5K followers, 565.8K engagements

"Hyperliquids fully onchain liquidations cannot be compared with underreported CEX liquidations Hyperliquid is a blockchain where every order trade and liquidation happens onchain. Anyone can permissionlessly verify the chains execution including all liquidations and their fair execution for all users. Furthermore anyone can verify the solvency of the entire system in real time. Transparency and neutrality are key reasons that fully onchain defi is the ideal infrastructure for global finance. Some CEXs publicly document that they dramatically underreport user liquidations. For example on"
X Link 2025-10-13T03:34Z 111.5K followers, 2.2M engagements

"It's inspiring to see tens of thousands of community members secure life-changing wealth as part of the Hyperliquid genesis event. Importantly none of these people were insiders. They: 1) believed in the vision for a better financial system when no one else would 2) acted on that conviction by using and building upon the nascent technology bootstrapping an unstoppable financial network The Hyperliquid genesis pays homage to the original ethos of Bitcoin: ownership goes to the believers and doers not rent-seeking insiders. For all you early believers thank you for the unwavering faith and"
X Link 2024-11-30T15:46Z 111.5K followers, 913.7K engagements

"TLDR: During recent volatility Hyperliquid had 100% uptime with zero bad debt. This was Hyperliquids first cross-margin ADL in more than [--] years of operation. ADL does not change the outcome for any liquidated users. While some specific ADL providing trades were unfavorable the aggregate effect of ADL was that traders realized significant pnl by closing positions at favorable prices that were only briefly available. -- Its sad to see some people attack Hyperliquid to deflect from their own platforms issues. Solvency and uptime are the two most important properties of a financial system. These"
X Link 2025-10-11T17:40Z 111.5K followers, 1.2M engagements

"In [----] Hyperliquid 1) redefined the crypto meta to put community above all. With Hyperliquid there are no investors no market makers and no fees paid to any company. Billions of dollars of value were created by a common vision and relentless hard work. This value went directly to hundreds of thousands of users building a passionate community with real skin in the game. You all continue to inspire me every day. 2) became the first mature permissionless financial hub where liquidity and UX matched the most liquid centralized venues. Recent highlights include $15B 24-hour volume reaching 20% of"
X Link 2025-01-14T08:42Z 111.5K followers, 1M engagements

"A common question Ive heard in Seoul is: what makes Hyperliquid special I haven't found a way to distill it all into a sentence but one reason that stood out to me the past few days is the culture of dreaming big and executing while staying true to the original ethos of defi: integrity fairness and transparency. The work is hard and there are many crucial components to be built. But thats the beauty of the Hyperliquid community. Builders rise to the challenge and push the frontier of what is possible. Ive never been more excited to continue building alongside everyone. Since beginning work on"
X Link 2025-09-23T13:32Z 111.5K followers, 538.6K engagements

"Those who can do Those who can't fud"
X Link 2025-01-08T03:44Z 111.5K followers, 461.5K engagements

"Execution Extremely proud of the community and team for the smooth launch of the HyperEVM. The upgrade happened amidst billions of dollars of daily volume where the majority of defi derivatives trade. There was no downtime and no performance degradation after the launch. The UX of trading is still so seamless that many users assume the HyperEVM is a separate chain To be clear: the HyperEVM and the existing native Hyperliquid financial system are one composable state. The safest way to upgrade this uniquely complex system is a gradual rollout. Precompiles and other L1 interactions will build"
X Link 2025-02-19T17:24Z 111.5K followers, 565.8K engagements

"Huge congrats to the Phantom team on their perps launch We're honored that they chose Hyperliquid as their infrastructure tapping into the best onchain liquidity with permissionless monetization via builder codes. By building on Hyperliquid the Phantom team can focus on their world-class user experience trusting that the liquidity infrastructure of Hyperliquid will give their users world-class execution. Innovative user interfaces are a huge milestone in bringing finance onchain. I'm excited to see Phantom and Hyperliquid scale and grow together Introducing: Phantom Perps ๐Ÿ‘ปโ™พ Go long or short"
X Link 2025-07-09T05:10Z 111.5K followers, 427.7K engagements

"Introducing: Phantom Perps ๐Ÿ‘ปโ™พ Go long or short in just a few taps. 100+ markets. Up to 40x leverage. All in your pocket. Powered by @HyperliquidX"
X Link 2025-07-08T16:56Z 948.1K followers, 2.8M engagements

"Debunking the FUD that Hyperliquid prioritizes protocol revenue over traders On 10/10 Hyperliquid ADLs net made users hundreds of millions of dollars by closing profitable short positions at favorable prices. If more positions had been backstop liquidated HLP could have made hundreds of millions of dollars more in pnl while being exposed to an irresponsible amount of risk. ADL passed on HLP's potential pnl to users while decreasing HLP's exposure a win-win. As a reminder the ADL queue on Hyperliqid has always followed a similar formula to what most CEXs use incorporating both leverage used"
X Link 2025-10-18T16:53Z 111.5K followers, 413.5K engagements

"Thank you to everyone who took the time to thoughtfully respond to my post on transparent markets. I understand that the thesis is controversial and that Hyperliquid is at a new frontier as the first fully transparent order book venue of its scale. I could well be mistaken and welcome the continuous dialogue on market structure innovation. However many criticisms I saw stemmed from misunderstandings with some points actually supporting transparent systems like Hyperliquid. Market structure is notoriously counterintuitive and novel approaches often challenge established paradigms leading to"
X Link 2025-06-03T04:12Z 111.5K followers, 584K engagements

"There's been a lot of discussion on Hyperliquid's margin design. Ill address some flaws in the common arguments and explain Hyperliquid's first-principles based approach to improving the system. To my knowledge this is the first such design in margining systems. Perhaps other teams will find it useful for their own logic. Like good theories in physics the best margining design is simple canonical explainable and works in a wide variety of pathological scenarios. [--]. The conclusion of some people has been that there needs to be a centralized force that detects and limits malicious behavior."
X Link 2025-03-13T16:12Z 111.5K followers, 485.4K engagements

"Why transparent trading improves execution for whales Throughout Hyperliquids growth skeptics questioned the platform's ability to scale liquidity. These concerns have been resolved now that Hyperliquid is one of the most liquid venues globally. With Hyperliquids adoption by some of the largest traders in crypto discussion has shifted to concerns around transparent trading. Many believe that whales on Hyperliquid are: 1) frontrun as they enter their position 2) hunted because their liquidation and stop prices are public These concerns are natural but the opposite is actually true: for most"
X Link 2025-05-31T18:38Z 111.5K followers, 993.3K engagements

"Hyperliquid = HyperCore + HyperEVM. One piece of user feedback since HyperEVMs alpha launch was to more intuitively communicate how the HyperEVM fits into the larger context of Hyperliquid. To this effect the native pieces of the Hyperliquid execution state have been organized under one umbrella term: HyperCore. HyperCore consists of performant native components: order book perp and spot DEX staking oracles multi-sig etc. HyperEVM is a general purpose world-computer allowing builders to deploy code that interacts with both HyperEVM and HyperCore. Together they form one global composable state"
X Link 2025-03-09T14:15Z 111.5K followers, 572.2K engagements

"Debunking Hyperliquid FUD (Part 1: HLP liquidations and platform guarantees) It's sad to see coordinated misinformation campaigns targeting Hyperliquid which have led to widespread misunderstanding of what we are all working so hard to build. In response this series of posts provides detailed factual explanations of how Hyperliquid works. As a community we must actively fight FUD by spreading the truth. The tone with which we do this also matters: the best way to grow as a protocol and ultimately house all finance is to remain humble and welcome more users into the ecosystem. -- The first"
X Link 2025-04-05T14:17Z 111.5K followers, 267.6K engagements

"Hyperliquid had zero downtime today"
X Link 2025-04-15T12:12Z 111.5K followers, 237.6K engagements

"Congratulations to @tradexyz @ventuals and @felixprotocol on their HIP-3 launches It's exciting to see things come together after months of hard work building on the core protocol and deployer sides. Permissionless perp deployments are a massive step in Hyperliquid's journey to house all of finance. On Hyperliquid hungry and ambitious builders step up to reinvent core pillars of finance. Perps will bring unprecedented capital efficiency and price discovery to global markets. HIP-3 empowers any builder to upgrade financial markets by leveraging Hyperliquid's battle-tested onchain"
X Link 2025-11-14T17:41Z 111.5K followers, 258.6K engagements

"Noticing a trend that important projects have perps on Hyperliquid before anywhere else Informed traders can no longer afford to stay on CEXs"
X Link 2025-01-28T01:11Z 111.5K followers, 350.2K engagements

"Even after a full day of CEX listings TRUMP perps on Hyperliquid are doing 44% of the volume of Bybit: $3.25B vs $7.31B over 24h Users are waking up to the crypto-native way to trade"
X Link 2025-01-19T09:44Z 111.5K followers, 296.3K engagements

"Excited to see Unit protocol hit mainnet For the first time users can trade native assets from another chain using the seamless UX of Hyperliquid. BTC is the most important crypto asset and historically the most difficult to bring to defi. Most wrapped BTC options today involve a single custodian contradicting the ethos of defi. Unit protocol's guardian architecture is a generalized solution bringing self-custody to a wide range of asset sources. When a user deposits trades and withdraws BTC using Unit and Hyperliquid they maintain full control of their assets at all times. Like Hyperliquid"
X Link 2025-02-14T16:49Z 111.5K followers, 496K engagements

"Introducing Unit: the decentralized asset tokenization layer for all of finance built exclusively on Hyperliquid. Unit will enable seamless deposits withdrawals and trading for a wide variety of assets. Our first integration allows major spot crypto tokens to flow between Hyperliquid and their native blockchains launching today with native BTC. This is a significant unlock for users enabling: 1-Click Native Deposits & Withdrawals: Deposit or withdraw BTC via their self-custodial wallet or centralized exchange account. (ETH and SOL coming soon). Unified Trading Experience: Trade both spot and"
X Link 2025-02-14T16:25Z 37.4K followers, 1.7M engagements

"I've heard feedback from many that market making has gotten more competitive on Hyperliquid recently. This is great for end users as it means liquidity is deeper and more robust. Fairness is a core principle of Hyperliquid in every dimension. For market makers this means that the blockchain is designed with equal access in mind. However equal does not mean easy. As the protocol continues to scale to meet increasing demand it becomes important to understand the intricacies of Hyperliquid's custom infrastructure that powers the largest permissionless trading venue. For a long time the primary"
X Link 2025-08-09T10:21Z 111.5K followers, 256.5K engagements

"Excited to see the world's most popular stablecoin on Hyperliquid Enabling permissionless and fully customizable multi-chain assets was one of the key motivations for the HyperEVM. It's great to see the USDT0 and LayerZero teams provide a seamless and secure product for all Hyperliquid users. Users can mint USDT0 from various source chains without needing to make a pit-stop on a required chain before bridging. Indeed USDT0 is secured by the LayerZero protocol without need for a custom smart contract bridge. From the builder's perspective USDT0 highlights the power of the HyperEVM as a"
X Link 2025-05-11T09:46Z 111.5K followers, 384.4K engagements

"USDT0 is live on @HyperliquidX Spot and HyperEVM. Liquidity of the largest stablecoin in the world powering the blockchain to house all finance. Your USDT now on Hyperliquid"
X Link 2025-05-09T14:00Z 31.5K followers, 521.1K engagements

"Thanks to @TBPN for having me on It was a fun conversation about the origin story principles and vision for Hyperliquid How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid https://t.co/UUjZDZQZBs How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid https://t.co/UUjZDZQZBs"
X Link 2025-10-23T05:48Z 111.5K followers, 274.5K engagements

"How big can Hyperliquid get Finance as a whole - $HYPE CEO @chameleon_jeff Hyperliquid"
X Link 2025-10-22T20:33Z 214.6K followers, 437.4K engagements

"Reminder: the Hyperliquid dev team does not profit from increased activity as it does not collect trading fees. On the contrary it is entirely self-funded with exponentially increasing burn. There is not a single private investor. $25M of revenue has gone back to the community through HLP. Another project could have easily pocketed some or all of these profits. Whats the point of all this To build something that really matters. When finance moves onchain it will bring trillions of dollars of value to billions of users. It wont move for a half-baked system but the Hyperliquid L1 has a shot."
X Link 2024-05-29T16:48Z 111.5K followers, 442.5K engagements

"The @HyperliquidX X account was compromised. Please do not click any links that it posts Hyperliquid protocol itself is unaffected and funds are safe"
X Link 2025-05-01T00:45Z 111.5K followers, 218.5K engagements

"Thanks for having me on guys Enjoyed the discussion Jeff built an empire with no KPIs no team page no VC deck. This week we pulled @chameleon_jeff out of the shadows Timestamps 00:00 Intro 02:51 Hyperliquid's Market Dominance 05:14 The Philosophy Behind Hyperliquid's Success 07:44 Challenges with Decentralized Exchanges https://t.co/edTEKS8tki Jeff built an empire with no KPIs no team page no VC deck. This week we pulled @chameleon_jeff out of the shadows Timestamps 00:00 Intro 02:51 Hyperliquid's Market Dominance 05:14 The Philosophy Behind Hyperliquid's Success 07:44 Challenges with"
X Link 2025-06-21T12:35Z 111.5K followers, 139.9K engagements

"Yesterday's CEX listing drama highlights that even after a decade of defi CEXs still monopolize liquidity. Builders must make a tough choice between rewarding their community and paying for distribution. Hyperliquid's vision is a unified platform to build applications and trade assets. No compromises. No rent-seeking gatekeepers"
X Link 2024-11-05T01:34Z 111.5K followers, 175.6K engagements

"Thanks @MikeIppolito_ and @MonetSupply for having me on Bell Curve Really enjoyed the thoughtful questions and discussion including: [--]. HyperEVM as a permissionless interface into HyperCore [--]. MEV and market design from first principles [--]. Business idea: Fully onchain LSTs protocolizing HIP-3 market deployments with unique revenue streams enabled by the HyperEVM https://www.youtube.com/watchv=xHGKv0Cx7ao https://www.youtube.com/watchv=xHGKv0Cx7ao"
X Link 2025-05-14T04:03Z 111.5K followers, 141.4K engagements

"Thanks for having me on lads Enjoyed the conversation Hyperliquid The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY ๐Ÿ˜ฑ Are CEXs https://t.co/Nl8jheP4bk The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY"
X Link 2025-04-05T02:48Z 111.5K followers, 103.7K engagements

"The Lads are hyped for @chameleon_jeff to join for Episode #89 and discuss all things @HyperliquidX ๐Ÿซก ๐Ÿšจ OUT NOW on @YouTube & @Spotify In this Ep we cover: ๐ŸŽต Trump Tariffs & The Market ๐Ÿ— The Greater Vision for Hyperliquid What Happened w/ JELLY ๐Ÿ˜ฑ Are CEXs Threatened ๐Ÿ Pasta of the Week and More Full links below๐Ÿ‘‡"
X Link 2025-04-04T16:19Z [----] followers, 216.8K engagements

"The Hyperliquid L1 will be transitioning to HyperBFT a custom consensus algorithm written from the ground up. The implementation is in final stages of testing on testnet. The mainnet migration is expected to happen in the coming weeks. The Hyperliquid L1 is one of a few chains in production with real demand above 20k TPS. With a scope expanding far beyond perps trading (more on that later) it is crucial to optimize the foundational consensus algorithm. Like most modern consensus algorithms HyperBFT is based on Hotstuff and subsequent improvements. Huge thanks to the researchers who continue"
X Link 2024-05-05T15:19Z 111.5K followers, 685.9K engagements

"Hyperliquid is bringing the entire financial stack onto one platform. As a proof of concept PURR now has: [--]. Native token ledger [--]. Spot order book [--]. Built-in oracle [--]. Perps trading Each feature is built upon the previous. All live composably on the L1. By community request you can now long or short $PURR with up to 3x leverage. https://t.co/4IUNxK2Oo3 By community request you can now long or short $PURR with up to 3x leverage. https://t.co/4IUNxK2Oo3"
X Link 2024-11-04T14:07Z 111.5K followers, 283K engagements

"By community request you can now long or short $PURR with up to 3x leverage"
X Link 2024-11-04T10:04Z 377.1K followers, 363K engagements

"paging all funding arbers again"
X Link 2025-01-20T00:30Z 111.5K followers, 158.4K engagements

"Paging all funding arbers"
X Link 2025-01-18T05:46Z 111.5K followers, 98.3K engagements

"Thanks for having me on Kevin Enjoyed discussing Hyperliquids backstory and vision E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most hyped L1s includes a decentralized perpetual exchange with https://t.co/GMzZvlrH0X E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most"
X Link 2024-11-09T04:09Z 111.5K followers, 236.9K engagements

"E95: @HyperliquidX : How to Win in Crypto (By building for users not VCs) @chameleon_jeff (aka "Jeff Basedzos") is the CoFounder & CEO of Hyperliquid Labs the Company behind Hyperliquid Hyperliquid is one of the most hyped L1s includes a decentralized perpetual exchange with more than $1.5 Billion in daily trading volume and aspires to become "the AWS of Liquidity" Timestamps 0:00 Intro 2:25 Hyperliquid's Unique Vision 5:32 From Top10 MM to Hyperliquid 9:55 Improving DeFi UX 12:12 Speculation vs. Value 14:02 Is Jeff Autistic 16:29 Impact 19:26 Hyperliquid Unique VP 21:58 Why Jeff can't retire"
X Link 2024-11-08T11:44Z 60K followers, 644K engagements

"AWS : Cloud infrastructure :: Hyperliquid : Liquidity infrastructure Today liquidity on Hyperliquid rivals even tier [--] CEXs. With builder codes this deep liquidity is now permissionlessly accessible for anyone to monetize. AWS transformed the cloud abstracting away the messy details of hardware to let builders focus on software and business logic. Hyperliquid is transforming liquidity abstracting away the messy details of the exchange platform to let builders focus on product and user acquisition. AWS does two simple things well: 1) Performance: Scalable and reliable for startups to grow"
X Link 2024-10-02T08:19Z 111.5K followers, 238.3K engagements

"Hyperliquid now supports builder codes which let anyone permissionlessly monetize applications on the L1. Regional frontends fiat onramps mobile wallets social trading -- all are one line of code away from earning upside proportional to their volume. This upside can be multiples of what the L1 itself charges. Builder codes are trustless and entirely onchain. They bring together the best of both worlds from CEX broker programs and permissionless self-custodial defi. See API announcements on Discord for more details"
X Link 2024-10-01T03:22Z 377.1K followers, 320.2K engagements

"No investors No paid market makers No fees to the dev team No insiders @HyperliquidX"
X Link 2024-01-28T19:43Z 111.5K followers, 547.1K engagements

"Doug's ADL explanation for reference: https://x.com/0xdoug/status/1976850615621107743 1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist https://t.co/I9MHXVAInd https://x.com/0xdoug/status/1976850615621107743 1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist"
X Link 2025-10-11T17:44Z 111.5K followers, 116.2K engagements

"1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell Auto-Deleveraging means heres a quick and dirty primer. What is ADL How does it work And why does it exist"
X Link 2025-10-11T03:21Z 50.3K followers, 1.9M engagements

"Source for screenshot: https://developers.binance.com/docs/derivatives/usds-margined-futures/websocket-market-streams/Liquidation-Order-Streams#stream-description https://developers.binance.com/docs/derivatives/usds-margined-futures/websocket-market-streams/Liquidation-Order-Streams#stream-description"
X Link 2025-10-13T03:35Z 111.5K followers, 102.6K engagements

"The scope of Hyperliquid has 10xed twice since inception First time was the realization that the only way to build a scalable perps DEX was to build an L1 from scratch Second time is now. With a critical mass of users and liquidity there's a path to expand the infrastructure to house all of finance Excited to share more technical details over the coming weeks. It's a long road ahead but nothing easy is worth doing"
X Link 2024-04-28T14:36Z 111.5K followers, 104.8K engagements

"1/ Huge respect for Dragonfly continuing to invest in the bear market. But I'm morally obliged to call out sketchy projects gaining momentum. As a community we must preempt large scale implosions like #FTX or #LUNA that set the industry back years Bitget may be the next FTX ๐Ÿงต I'm thrilled to announce @dragonfly_xyz's investment in @BitgetGlobal. Bitget is making crypto more accessible with its innovative derivatives products and a user-centric approach and we're proud to support their mission and growth. https://t.co/xJWW2dGVxq I'm thrilled to announce @dragonfly_xyz's investment in"
X Link 2023-04-05T13:44Z 111.5K followers, 411.5K engagements

"I'm thrilled to announce @dragonfly_xyz's investment in @BitgetGlobal. Bitget is making crypto more accessible with its innovative derivatives products and a user-centric approach and we're proud to support their mission and growth. https://www.theblock.co/post/224702/dragonfly-invests-bitget https://www.theblock.co/post/224702/dragonfly-invests-bitget"
X Link 2023-04-05T03:18Z 140.5K followers, 250.6K engagements

"Grateful to build with such a passionate community. Never been more excited about the road ahead"
X Link 2024-09-12T17:25Z 111.5K followers, 94.5K engagements

"During extreme volatility like today @HyperliquidX is often the most liquid venue across DEXs and CEXs. Even on majors like ETH perps. Liquidity has a reputation for disappearing when users need it the most. The more efficient the market the more pronounced this effect. It's a fair pricing of adverse selection by toxic takers. Conventional wisdom says it's an unavoidable side effect of the order book model. But this is lazy thinking. The market structure and underlying infrastructure should be optimized to best serve the end user. By redesigning the L1 from first principles Hyperliquid proves"
X Link 2024-07-05T08:40Z 111.5K followers, 99.2K engagements

"Latency and tx ordering on @HyperliquidX Some alpha for MMs and researchers: 1) Hyperliquid L1 has a novel microstructure benefiting retail and makers over toxic takers 2) Volume would be multiples higher without this design 3) Hyperliquid is optimized for the end user period. Not for VC metrics fees or HLP pnl ---- Background A well-designed exchange matches trades when both sides want to transact. Maximizing volume is a secondary goal. First and foremost buyers and sellers should both be happy with the price. This guiding principle applies to all markets: centralized or decentralized"
X Link 2024-01-06T15:07Z 111.5K followers, 115.9K engagements

"Proud of the whole @HyperliquidX dev team and community for the smooth launch of spot trading It's a big milestone for the @HyperliquidX L1 that has been months in the making. Excited to see HIP-1 and HIP-2 mature into permissionless standards. Most L1s build infrastructure and hope that others will come build the killer apps. Hyperliquid takes the opposite approach: polish a native application and then grow into general purpose infrastructure. Why 1) The users liquidity and mindshare are seamlessly integrated into the chain as it expands. The hardest part is getting real users but it's"
X Link 2024-04-18T16:03Z 111.5K followers, 96.2K engagements

"1/ For quants just starting out what specific strategies should you run Cast a wide net when exploring but quickly focus in when you have a lead. The zero to one moment of live pnl should be your first goal. A thread on some general directions to get you there ๐Ÿงต"
X Link 2023-03-21T01:17Z 111.5K followers, 101.4K engagements

"Are we so back"
X Link 2024-09-27T05:26Z 111.5K followers, 54.3K engagements

"interesting things happening on testnet"
X Link 2024-09-08T08:01Z 111.5K followers, 126.8K engagements

"1/ Many of you have asked for specific latency tricks on different exchanges since infrastructure optimization is the foundation of a profitable crypto HFT strategy. Here are some lesser known insights: filtering retail flow on Upbit and bypassing the risk engine on Binance ๐Ÿงต"
X Link 2023-04-01T16:13Z 111.5K followers, 295.5K engagements

"The @HyperliquidX L1 will not just be for perps"
X Link 2024-03-14T16:30Z 111.5K followers, 99.2K engagements

"This new layout is the GOAT on monitors By community request you can now long or short $GOAT with up to 3x leverage. https://t.co/EnZjRqMvpE By community request you can now long or short $GOAT with up to 3x leverage. https://t.co/EnZjRqMvpE"
X Link 2024-10-23T14:10Z 111.5K followers, 75K engagements

"By community request you can now long or short $GOAT with up to 3x leverage"
X Link 2024-10-23T12:53Z 377.1K followers, 193.7K engagements

"For those who dislike typing: http://hl.xyz http://hl.xyz"
X Link 2024-06-17T11:21Z 111.5K followers, 55K engagements

"See for further details https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/optimizing-latency https://hyperliquid.gitbook.io/hyperliquid-docs/for-developers/api/optimizing-latency"
X Link 2025-08-09T10:21Z 111.5K followers, 98.1K engagements

"1/ We've talked before about how latency is an important component of every crypto HFT strategy. The optimization process is fun detective work because the exchange's tech is often a black box. A thread on what to measure graph and analyze for your production HFT system ๐Ÿงต"
X Link 2023-04-22T13:42Z 111.5K followers, 73.4K engagements

"1/ Crypto HFT is our bread and butter in trading. We primarily look at tick data for short term alpha and strategy tuning. One day we had a crazy idea: What if our own HFT pnl predicted mid frequency price movements A thread on one of my favorite medium frequency strategies ๐Ÿงต"
X Link 2023-03-24T01:47Z 111.5K followers, 129.1K engagements

"BTC OI is growing rapidly on @HyperliquidX and the automated arbers haven't sized up for several hours Could be a decent manual opportunity available in size"
X Link 2024-08-26T04:31Z 111.5K followers, 84.2K engagements

"What will it take to move finance onchain Binance (CEX) + Solana (L1) + Tower (MM) = Am I missing anything"
X Link 2024-04-27T05:22Z 111.5K followers, 47.7K engagements

"A perps DEX must run on its own L1 to scale. Some things cannot be done on a general purpose chain: [--]. Liquidate positions atomically with oracle updates [--]. Distribute funding to every user atomically on the hour [--]. Guarantee platform solvency at the end of every L1 block"
X Link 2024-02-15T13:29Z 111.5K followers, 52.1K engagements

"$PURR hit top [--] volume out of [---] assets to trade on @HyperliquidX This is despite being being the only spot asset (no leverage)"
X Link 2024-04-19T06:54Z 111.5K followers, 43.8K engagements

"Most other DEXs with TRB perps had major issues yesterday. I've seen some people lumping @HyperliquidX with the rest of them so want to clear the air here. TLDR: Hyperliquid faced zero system issues the deepest DEX liquidity when users needed it most and HLP was net profitable providing TRB liquidity. For context pool-based protocols lost LP money and CLOB platforms had uptime problems during high volatility even with centralized order matching. Yesterday validated Hyperliquid's approach of doing things the right way even when it's harder. It's the most technically ambitious design out of all"
X Link 2024-01-01T19:39Z 111.5K followers, 47.1K engagements

"For its ROI and sharpe HLP is one of the highest capacity strategies in any asset class. And its open transparent and entirely community owned. HLPs alpha is the culmination of tens of thousands of hours thinking deeply about market microstructure. Whats more HLPs primary mandate is to provide deep and tight liquidity. It is not even optimized for pnl. Conventional wisdom is that quant opportunities are capacity constrained. But @HyperliquidX might be one of the only venues where opportunities are growing faster than capital and mindshare can onboard to capture it. Look at the top MMs on the"
X Link 2024-03-20T15:20Z 111.5K followers, 44.2K engagements

"First time I've seen Hyperliquid pay to long BTC and ETH perps 60% APR if hedging on Binance"
X Link 2024-05-03T13:33Z 111.5K followers, 38.9K engagements

"1/ Order book perp DEXs are a hot "narrative" these days. Most protocols run order books offchain. What does this mean for MEV Answer: it's far worse than sandwiching and frontrunning on AMMs. A thread on why onchain order books are the only viable protection for end users ๐Ÿงต"
X Link 2023-06-24T21:18Z 111.5K followers, 79.3K engagements

"Many automated traders are making $100k daily pnl on @HyperliquidX Can probably do this with a simple python script That's how insane the flow is right now"
X Link 2024-03-05T16:00Z 111.5K followers, 44.6K engagements

"1/ Many in crypto HFT rely heavily on historical simulation while A/B testing is an afterthought. In my experience there is real alpha in live testing well. With proper experimental setup and sufficient market share you can glean causal insights not available in tick data ๐Ÿงต"
X Link 2023-05-15T23:12Z 111.5K followers, 53.5K engagements

"PURR spread 1bp Small size but still OPOH"
X Link 2024-04-28T08:29Z 111.5K followers, 54.5K engagements

"2/ About half a year ago we tried HFT on Bitget and quickly noticed their matching engine is dishonest. I'll give specific examples later in the thread. I later learned from an ex-Bitget team member that they handled retail taker flow by just B-Booking through an internal desk"
X Link 2023-04-05T13:44Z 111.5K followers, 47.6K engagements

"Been waiting a year to say this: @HyperliquidX has finally bridged the gap with CEXs The email onboarding flow is so smooth it's hard to believe it's still decentralized This was many months of hard work by the dev team requiring innovations on the bridge L1 and UI Switch to Hyperliquid for a holiday gift ๐ŸŽ CEX traders get 50% off fees for your first $50M volume. Go to https://t.co/L60Unp8Rey to get started. Fees become 0.012% taker and 0.002% maker rebate - the cheapest place to trade perps. All you need is an email to start trading. - https://t.co/NOaASXWMEI Switch to Hyperliquid for a"
X Link 2023-12-29T03:36Z 111.5K followers, 40.7K engagements

"Switch to Hyperliquid for a holiday gift ๐ŸŽ CEX traders get 50% off fees for your first $50M volume. Go to to get started. Fees become 0.012% taker and 0.002% maker rebate - the cheapest place to trade perps. All you need is an email to start trading. - - - Details: Send a screenshot of your withdrawal from a CEX to Hyperliquid via twitter DM. If you do at least $1M volume by January [--] 50% of your trading fees will be refunded directly to your Hyperliquid account by January [--]. This campaign only applies to new users. You must sign up via the link above. The refund is for each user's first"
X Link 2023-12-27T15:19Z 377.1K followers, 93.1K engagements

"1/ Been getting good questions as people try the hyperliquid API/SDK. A few wondered if it's really possible to do crypto HFT in python. The answer is undoubtedly yes A thread on how to build a fully automated HFT system and why python is the ideal language to get started ๐Ÿงต"
X Link 2023-04-09T14:29Z 111.5K followers, 95.6K engagements

"Wishing dYdX team the best. Respect the product they've built and this is only a small bump in the road. A few people have asked for details on how @HyperliquidX handles these edge cases. Usually in these attacks the attacker takes large offsetting positions and manipulates the mark price such that one side makes more pnl than the collateral of the other side. [--]. For the lowest liquidity assets Hyperliquid pioneered isolated-only perps. These perps require isolated margin and do not allow removing collateral. The only way to remove collateral is to close the position. Somewhat inconvenient"
X Link 2023-11-19T04:12Z 111.5K followers, 67.4K engagements

"Here are the main points we know about the $YFI incident on dYdX so far: Reminder no user funds have been lost but it is critical we understand what happened and adjust accordingly - in the part few days $YFI open interest on dYdX spiked from $0.8m - $67m - basically all of this was driven one actor (traceable through on chain fund movements) - this same actor attempted unsuccessfully to attack the dYdX $SUSHI market [--] weeks ago in a similar way - $YFI OI was higher on dYdX than any other perp venue - we did take action to increase initial margin ratios for $YFI prior to the price crash but"
X Link 2023-11-18T20:39Z 53.3K followers, 729.1K engagements

"L1 exchange liquidity product UI Push the frontier on all [--] and magic happens @HyperliquidX"
X Link 2024-01-20T16:30Z 111.5K followers, 68.7K engagements

"Top MM address on @HyperliquidX based on public L1 leaderboard/explorer: $10M USD pnl annualized 6000% ROI annualized 100x daily turnover This MM also likely has multiple addresses. No CEX or DEX has better flow than @HyperliquidX right now"
X Link 2023-12-16T13:52Z 111.5K followers, 30.2K engagements

"FRIEND perp is one of the craziest markets I've witnessed. Looking at the onchain data high [--] figs of "quantitative" pnl have been made on Hyperliquid in half a day since launch. When funding pays up to 1%/hr all you need is a rough beta hedge. Is that enough alpha"
X Link 2023-08-21T15:41Z 111.5K followers, 43.4K engagements

"1/ Cool to see people trying market making and documenting the progress in public Usually it's an opaque space and hard to learn from others. Most professionals want to protect their alpha at all costs. Here's my advice on dealing with these practical issues ๐Ÿงต Full transparency on market making attempt: I've been trying to build this market making experiment as it is completely outside my "comfort" zone when it comes to models. So far it has been a complete failure due to a few reasons that I'll go through here. I am using extremely https://t.co/5XcCY3XaL3 Full transparency on market making"
X Link 2023-06-30T23:26Z 111.5K followers, 62.8K engagements

"Full transparency on market making attempt: I've been trying to build this market making experiment as it is completely outside my "comfort" zone when it comes to models. So far it has been a complete failure due to a few reasons that I'll go through here. I am using extremely small size for testing this ofc as I haven't even finished proper inventory management. Requirements for this to work: - Data needs to be streaming on a continuous basis in order to stay competitive with the bid/ask constant change. This becomes more challenging if doing it between multiple exchanges. - Some sort of"
X Link 2023-06-30T18:37Z 47.3K followers, 78.6K engagements

"1/ Liquidity is definitely a factor but the fundamental reason for volatility autocorrelation is information propagation. One mental model for markets is a viscous fluid. Shocks to the system play out as damped oscillations in the price discovery process"
X Link 2023-03-16T12:54Z 111.5K followers, 33.5K engagements

"Over past [--] hours ETH perps on @HyperliquidX are doing 4.2% of the volume of ETH perps on Binance"
X Link 2024-01-31T19:01Z 111.5K followers, 24.6K engagements

"For those interested there is a 600% APR funding arb between Hyperliquid and Binance/Bybit right now"
X Link 2024-03-19T16:00Z 111.5K followers, 26K engagements

"Ok first serious tweet. On building "Binance but decentralized.""
X Link 2023-02-17T19:32Z 111.5K followers, 23.1K engagements

"https://www.youtube.com/live/eej68BhIK_Qsi=z5-tabgpSJuazlH4&t=5768 https://www.youtube.com/live/eej68BhIK_Qsi=z5-tabgpSJuazlH4&t=5768"
X Link 2025-10-23T05:48Z 111.5K followers, 57.8K engagements

"On @HyperliquidX enjoy liquidation flow as if you were a privileged DMM On other exchanges the liquidation flow is internalized by either the exchange itself or by insiders. On Hyperliquid the liquidations are sent to the book so that all users can compete fairly for this good flow. It's not fair to show these liquidations on the chart because on other venues the internal liquidations are not shown on the chart either. However the UI will be updated to show an explanation for these fills where you matched against the liquidation of another user"
X Link 2024-03-05T21:10Z 111.5K followers, 24.8K engagements

"1/ Most offshore exchanges do have their own trading desks. It's an open secret. Their supposed mandate is to provide liquidity of last resort not to make money. An ex-employee at a top exchange once told me their internal desk just provides deep liquidity and is breakeven Really sad to see Binance had [---] trading teams. Frontrunning user accounts is something you put up with at other exchanges but man I thought the majority of Binance's shady activities weren't in this area (slowing APIs to save liq. fund money etc). Really sad to see Binance had [---] trading teams. Frontrunning user accounts"
X Link 2023-03-27T20:56Z 111.5K followers, 65.4K engagements

"Really sad to see Binance had [---] trading teams. Frontrunning user accounts is something you put up with at other exchanges but man I thought the majority of Binance's shady activities weren't in this area (slowing APIs to save liq. fund money etc)"
X Link 2023-03-27T20:16Z 67.5K followers, 151.1K engagements

"HLP has been thriving with the record volumes on @HyperliquidX Over $20M TVL and almost $2M pnl this past week Liquidity can be sustainable and community owned"
X Link 2024-01-08T06:15Z 111.5K followers, 14.7K engagements

"7/ A project that thinks this is an acceptable way to run an exchange should not be getting more funding to expand. This is hard to see as an investor so it's especially important that traders with first hand experience keep exchanges honest. The crypto space deserves better"
X Link 2023-04-05T13:44Z 111.5K followers, 15.2K engagements

"TWAP execution is built natively into the Hyperliquid L1 The suborders are triggered as part of L1 state transition logic not as user transactions OPOH Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds. https://t.co/yWk75Uhz1N Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds. https://t.co/yWk75Uhz1N"
X Link 2024-02-21T15:48Z 111.5K followers, 22K engagements

"Introducing: TWAP orders You can now split a large order into smaller suborders that are executed every [--] seconds"
X Link 2024-02-21T15:28Z 377.1K followers, 44.1K engagements

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@chameleon_jeff
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