[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @jlldavies James Davies James Davies posts on X about hyperliquid, realtime, counterparty, defi the most. They currently have XXXXXX followers and XXX posts still getting attention that total XXX engagements in the last XX hours. ### Engagements: XXX [#](/creator/twitter::2243681204/interactions)  - X Week XXXXX +184% - X Month XXXXX +192% - X Months XXXXXX -XX% - X Year XXXXXX -XX% ### Mentions: XX [#](/creator/twitter::2243681204/posts_active)  - X Months XX no change - X Year XX -XX% ### Followers: XXXXXX [#](/creator/twitter::2243681204/followers)  - X Week XXXXXX -XXXX% - X Month XXXXXX -XXXX% - X Months XXXXXX -XX% - X Year XXXXXX -XX% ### CreatorRank: XXXXXXXXX [#](/creator/twitter::2243681204/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) [exchanges](/list/exchanges) [cryptocurrencies](/list/cryptocurrencies) [currencies](/list/currencies) **Social topic influence** [hyperliquid](/topic/hyperliquid) #438, [realtime](/topic/realtime) #778, [counterparty](/topic/counterparty), [defi](/topic/defi), [clo](/topic/clo), [arb](/topic/arb) #92, [business](/topic/business), [stablecoins](/topic/stablecoins), [tokenization](/topic/tokenization), [$6t](/topic/$6t) **Top accounts mentioned or mentioned by** [@cvexxyz](/creator/undefined) [@jetstreamtrade](/creator/undefined) [@pascalclearing](/creator/undefined) [@arbitrum](/creator/undefined) [@hadickm](/creator/undefined) [@tobiastbv](/creator/undefined) [@cryptopa01](/creator/undefined) [@bombasticeye77](/creator/undefined) [@saltconference](/creator/undefined) [@criptoyellow](/creator/undefined) [@arbitrumstylus](/creator/undefined) [@gmxio](/creator/undefined) [@philipking0519](/creator/undefined) [@chainyoda](/creator/undefined) [@marionawfal](/creator/undefined) [@cantonnetwork](/creator/undefined) [@robotventures](/creator/undefined) [@foundersfund](/creator/undefined) [@ribbitcapital](/creator/undefined) [@hyperliquidx](/creator/undefined) **Top assets mentioned** [USDC (USDC)](/topic/usdc) ### Top Social Posts Top posts by engagements in the last XX hours "This is genuinely significant. Real-time collateral mobility solves a massive piece of the puzzle. The next question: once that collateral is moving 24/7 who absorbs losses when a counterparty defaults at 3am Saturday Traditional CCPs weren't designed for markets that don't sleep. The mutualized default fund model assumes operational hours for loss allocation that don't exist here. Settlement infrastructure is finally catching up. Credit intermediation is the next frontier" [X Link](https://x.com/jlldavies/status/1998324419446362277) 2025-12-09T09:30Z 64.7K followers, XXX engagements "Everyone's building settlement rails. Vital infrastructure. But settlement is the easy part. The hard part is what happens at 3am when a counterparty can't meet margin and the market's gapping 15%. That's clearing. That's the gap no one's filling" [X Link](https://x.com/jlldavies/status/1998393445392740601) 2025-12-09T14:05Z 64.7K followers, XXX engagements "2/ Moving collateral faster doesn't answer the credit question. When a counterparty defaults at 3am Saturday who absorbs the loss Traditional CCPs use mutualized default funds - capital trapped from every member allocated through manual processes during business hours. That model breaks in 24/7 markets" [X Link](https://x.com/jlldavies/status/1998325047560114457) 2025-12-09T09:33Z 64.7K followers, XX engagements "Privacy-enabled stablecoins on institutional rails was always a missing piece. Trading desks don't broadcast positions on public ledgers. The question was never "will tokenization happen" - it was "will it happen with infrastructure institutions can actually use." 600+ institutions. $6T+ on-chain. That's starting to look like an answer" [X Link](https://x.com/jlldavies/status/1998159477686874237) 2025-12-08T22:35Z 64.7K followers, XXX engagements "12/ Applied: Tokenize clearing exposure into tranches. Senior (10-15% attach SOFR+100-200bps): Institutional yield. Mezz (5-10% +400-800bps): HFs/crypto. Equity (0-5% 15-25% IRR): Platform/sophisticated. Advantages: Consent pricing new capital 24/7 native CFTC alignment" [X Link](https://x.com/jlldavies/status/1998736477639864425) 2025-12-10T12:48Z 64.7K followers, XX engagements "13/ Competitive landscape: Gaps in hundreds of billions. @CantonNetwork: $4.5T flows institutional (Goldman/DTCC). Regulated: CME $900B Q3 vol SGX/Cboe perps. DeFi: Hyperliquid XX% share ($1.24B income) Lighter $1.5B val Ostium/Grvt raises. Missing: Securitized tail transfer" [X Link](https://x.com/jlldavies/status/1998736479632110042) 2025-12-10T12:48Z 64.7K followers, XX engagements "14/ Thesis: Securitization captures $60T+ perps market. 0.1-0.5% socialized annually = $60-300B transfer potential. CLO spreads imply $1-4B premiums. Boosts efficiency (40% portfolio margining) removes ADL barrier for institutions. 18-month window before trad players adapt" [X Link](https://x.com/jlldavies/status/1998736481435656519) 2025-12-10T12:48Z 64.7K followers, X engagements "$22B tokenized collateral unlocked. $300B stablecoin market. $187B daily perp volume. Settlement infrastructure is being built. Credit intermediation for 24/7 markets That's the gap. 6/7" [X Link](https://x.com/jlldavies/status/1996246766136533286) 2025-12-03T15:54Z 64.7K followers, XXX engagements "Credit intermediation for tokenized markets needs new mechanics. Verifiable. Regulated. But not built on assumptions from the 1970s. Real-time risk. Collateral mobility. Underwriting that doesn't require $100M in default funds. There's a way to do this. DM me for the paper. 7/7" [X Link](https://x.com/jlldavies/status/1996246768116273561) 2025-12-03T15:54Z 64.7K followers, XX engagements "1/ The CFTC pilot for tokenized collateral is the biggest infrastructure shift in years. BTC ETH USDC as margin. Real-time settlement. 24/7 markets finally get 24/7 collateral. But there's a gap nobody's talking about" [X Link](https://x.com/jlldavies/status/1998325045622460492) 2025-12-09T09:33Z 64.7K followers, XXX engagements "2/ Position 1: Current ADL"2015 heuristics" like queue-based (profit x leverage). Copied across XX% volume. In Oct 10's $19B liquidations Hyperliquid overshot by 28x closing $2.1B in XX mins. Positional blindness wrecked hedges turning perps into gambling toolsnot for RWA or stat arb" [X Link](https://x.com/jlldavies/status/1998736458081788076) 2025-12-10T12:48Z 64.7K followers, XX engagements "3/ Hyperliquid OI dropped XX% post-cascade (from $13.8B to $6.4B) market share from XX% to 38%. Competitors like Lighter recovered. Lighter (@robotventures @foundersfund @RibbitCapital backed) absorbed via LLP vaultno ADL but went offline. Opacity drove capital away" [X Link](https://x.com/jlldavies/status/1998736459897921948) 2025-12-10T12:48Z 64.7K followers, XX engagements "6/ Oct XX exposed limits: BTC from $126k to $102k triggered cascades. Hyperliquid: $23.2M true deficit vs $676.2M ADL28x overshoot. Wrecked MM hedges (@SeliniCapital lost $50-70M) depth collapsed 98%. Lighter: LP drawdown preserved traders but offline risk questions repeatability" [X Link](https://x.com/jlldavies/status/1998736466063593577) 2025-12-10T12:48Z 64.7K followers, XX engagements "7/ Chitra's trilemma formalizes 2016 intuitions: No policy achieves: Solvency (assets liabilities) Revenue (max fees/insurance) Fairness (equitable haircuts) Scales moral hazard: Losers risk more knowing winners pay. Math elegant but confirms socialization's architectural flaw" [X Link](https://x.com/jlldavies/status/1998736468169068849) 2025-12-10T12:48Z 64.7K followers, X engagements "8/ Investment conflicts: @tarunchitra at @robotventures (Lighter backer with @foundersfund @RibbitCapital). Gauntlet does DeFi risk. Rigorous work but optimizes algorithmic clearingstill limited by threshold pricing. Securitization is a more elegant solution for tail risk" [X Link](https://x.com/jlldavies/status/1998736469930750162) 2025-12-10T12:48Z 64.7K followers, XX engagements "9/ Traditional CCPs diagnose right but prescription is wrong for crypto. @drwconvexity's vision: FCM cushion batch margining governance. Real: Waterfalls (IM DF skin mutualized). But crypto entities lack USD/corp structures. Covers "paper" not volume. Conflicts with @CantonNetwork's accessibility goals" [X Link](https://x.com/jlldavies/status/1998736472166306270) 2025-12-10T12:48Z 64.7K followers, XX engagements "10/ Gap: Tail risk transfer from permissionless markets. @CantonNetwork excels in settlement/collateral (e.g. on-chain Treasuries) but not this. Relevant: Crypto-native CCP-equivalent via securitizationexplicit transfer vs implicit socialization" [X Link](https://x.com/jlldavies/status/1998736473961423185) 2025-12-10T12:48Z 64.7K followers, X engagements "11/ Securitization: Transfer tails to consenting capital. Like CDS for concentration CAT bonds for cats CLOs for credit ($1.4T intermediation). CLO precedent: X% AAA defaults since '94 XXXX% GFC losses. CAT: $43B market XXX% premiums positive 21/22 years" [X Link](https://x.com/jlldavies/status/1998736475790233903) 2025-12-10T12:48Z 64.7K followers, X engagements "Dan your breakdown of ADL as forced trades at bankrupt price nails why it's zero-sum but still feels off. Not for the reasons that the paper holds but the outcomes. Winners forfeit that delta without say-so compounding in cascades. Essentially says don't use these products to hedge and don't use these products for Stat Arb. Appreciate the precision though; it's how the conversation moves forward. My worry it that even this setup props up perps a pseudo-quanto hack from '17's reg-avoidance era. Futures scale hedging without fragmentating utility if we solve clearing access without huge default" [X Link](https://x.com/jlldavies/status/1999094432528748839) 2025-12-11T12:30Z 64.7K followers, XXX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@jlldavies James Davies
James Davies posts on X about hyperliquid, realtime, counterparty, defi the most. They currently have XXXXXX followers and XXX posts still getting attention that total XXX engagements in the last XX hours.
Engagements: XXX #
- X Week XXXXX +184%
- X Month XXXXX +192%
- X Months XXXXXX -XX%
- X Year XXXXXX -XX%
Mentions: XX #
- X Months XX no change
- X Year XX -XX%
Followers: XXXXXX #
- X Week XXXXXX -XXXX%
- X Month XXXXXX -XXXX%
- X Months XXXXXX -XX%
- X Year XXXXXX -XX%
CreatorRank: XXXXXXXXX #
Social Influence
Social category influence finance exchanges cryptocurrencies currencies
Social topic influence hyperliquid #438, realtime #778, counterparty, defi, clo, arb #92, business, stablecoins, tokenization, $6t
Top accounts mentioned or mentioned by @cvexxyz @jetstreamtrade @pascalclearing @arbitrum @hadickm @tobiastbv @cryptopa01 @bombasticeye77 @saltconference @criptoyellow @arbitrumstylus @gmxio @philipking0519 @chainyoda @marionawfal @cantonnetwork @robotventures @foundersfund @ribbitcapital @hyperliquidx
Top assets mentioned USDC (USDC)
Top Social Posts
Top posts by engagements in the last XX hours
"This is genuinely significant. Real-time collateral mobility solves a massive piece of the puzzle. The next question: once that collateral is moving 24/7 who absorbs losses when a counterparty defaults at 3am Saturday Traditional CCPs weren't designed for markets that don't sleep. The mutualized default fund model assumes operational hours for loss allocation that don't exist here. Settlement infrastructure is finally catching up. Credit intermediation is the next frontier"
X Link 2025-12-09T09:30Z 64.7K followers, XXX engagements
"Everyone's building settlement rails. Vital infrastructure. But settlement is the easy part. The hard part is what happens at 3am when a counterparty can't meet margin and the market's gapping 15%. That's clearing. That's the gap no one's filling"
X Link 2025-12-09T14:05Z 64.7K followers, XXX engagements
"2/ Moving collateral faster doesn't answer the credit question. When a counterparty defaults at 3am Saturday who absorbs the loss Traditional CCPs use mutualized default funds - capital trapped from every member allocated through manual processes during business hours. That model breaks in 24/7 markets"
X Link 2025-12-09T09:33Z 64.7K followers, XX engagements
"Privacy-enabled stablecoins on institutional rails was always a missing piece. Trading desks don't broadcast positions on public ledgers. The question was never "will tokenization happen" - it was "will it happen with infrastructure institutions can actually use." 600+ institutions. $6T+ on-chain. That's starting to look like an answer"
X Link 2025-12-08T22:35Z 64.7K followers, XXX engagements
"12/ Applied: Tokenize clearing exposure into tranches. Senior (10-15% attach SOFR+100-200bps): Institutional yield. Mezz (5-10% +400-800bps): HFs/crypto. Equity (0-5% 15-25% IRR): Platform/sophisticated. Advantages: Consent pricing new capital 24/7 native CFTC alignment"
X Link 2025-12-10T12:48Z 64.7K followers, XX engagements
"13/ Competitive landscape: Gaps in hundreds of billions. @CantonNetwork: $4.5T flows institutional (Goldman/DTCC). Regulated: CME $900B Q3 vol SGX/Cboe perps. DeFi: Hyperliquid XX% share ($1.24B income) Lighter $1.5B val Ostium/Grvt raises. Missing: Securitized tail transfer"
X Link 2025-12-10T12:48Z 64.7K followers, XX engagements
"14/ Thesis: Securitization captures $60T+ perps market. 0.1-0.5% socialized annually = $60-300B transfer potential. CLO spreads imply $1-4B premiums. Boosts efficiency (40% portfolio margining) removes ADL barrier for institutions. 18-month window before trad players adapt"
X Link 2025-12-10T12:48Z 64.7K followers, X engagements
"$22B tokenized collateral unlocked. $300B stablecoin market. $187B daily perp volume. Settlement infrastructure is being built. Credit intermediation for 24/7 markets That's the gap. 6/7"
X Link 2025-12-03T15:54Z 64.7K followers, XXX engagements
"Credit intermediation for tokenized markets needs new mechanics. Verifiable. Regulated. But not built on assumptions from the 1970s. Real-time risk. Collateral mobility. Underwriting that doesn't require $100M in default funds. There's a way to do this. DM me for the paper. 7/7"
X Link 2025-12-03T15:54Z 64.7K followers, XX engagements
"1/ The CFTC pilot for tokenized collateral is the biggest infrastructure shift in years. BTC ETH USDC as margin. Real-time settlement. 24/7 markets finally get 24/7 collateral. But there's a gap nobody's talking about"
X Link 2025-12-09T09:33Z 64.7K followers, XXX engagements
"2/ Position 1: Current ADL"2015 heuristics" like queue-based (profit x leverage). Copied across XX% volume. In Oct 10's $19B liquidations Hyperliquid overshot by 28x closing $2.1B in XX mins. Positional blindness wrecked hedges turning perps into gambling toolsnot for RWA or stat arb"
X Link 2025-12-10T12:48Z 64.7K followers, XX engagements
"3/ Hyperliquid OI dropped XX% post-cascade (from $13.8B to $6.4B) market share from XX% to 38%. Competitors like Lighter recovered. Lighter (@robotventures @foundersfund @RibbitCapital backed) absorbed via LLP vaultno ADL but went offline. Opacity drove capital away"
X Link 2025-12-10T12:48Z 64.7K followers, XX engagements
"6/ Oct XX exposed limits: BTC from $126k to $102k triggered cascades. Hyperliquid: $23.2M true deficit vs $676.2M ADL28x overshoot. Wrecked MM hedges (@SeliniCapital lost $50-70M) depth collapsed 98%. Lighter: LP drawdown preserved traders but offline risk questions repeatability"
X Link 2025-12-10T12:48Z 64.7K followers, XX engagements
"7/ Chitra's trilemma formalizes 2016 intuitions: No policy achieves: Solvency (assets liabilities) Revenue (max fees/insurance) Fairness (equitable haircuts) Scales moral hazard: Losers risk more knowing winners pay. Math elegant but confirms socialization's architectural flaw"
X Link 2025-12-10T12:48Z 64.7K followers, X engagements
"8/ Investment conflicts: @tarunchitra at @robotventures (Lighter backer with @foundersfund @RibbitCapital). Gauntlet does DeFi risk. Rigorous work but optimizes algorithmic clearingstill limited by threshold pricing. Securitization is a more elegant solution for tail risk"
X Link 2025-12-10T12:48Z 64.7K followers, XX engagements
"9/ Traditional CCPs diagnose right but prescription is wrong for crypto. @drwconvexity's vision: FCM cushion batch margining governance. Real: Waterfalls (IM DF skin mutualized). But crypto entities lack USD/corp structures. Covers "paper" not volume. Conflicts with @CantonNetwork's accessibility goals"
X Link 2025-12-10T12:48Z 64.7K followers, XX engagements
"10/ Gap: Tail risk transfer from permissionless markets. @CantonNetwork excels in settlement/collateral (e.g. on-chain Treasuries) but not this. Relevant: Crypto-native CCP-equivalent via securitizationexplicit transfer vs implicit socialization"
X Link 2025-12-10T12:48Z 64.7K followers, X engagements
"11/ Securitization: Transfer tails to consenting capital. Like CDS for concentration CAT bonds for cats CLOs for credit ($1.4T intermediation). CLO precedent: X% AAA defaults since '94 XXXX% GFC losses. CAT: $43B market XXX% premiums positive 21/22 years"
X Link 2025-12-10T12:48Z 64.7K followers, X engagements
"Dan your breakdown of ADL as forced trades at bankrupt price nails why it's zero-sum but still feels off. Not for the reasons that the paper holds but the outcomes. Winners forfeit that delta without say-so compounding in cascades. Essentially says don't use these products to hedge and don't use these products for Stat Arb. Appreciate the precision though; it's how the conversation moves forward. My worry it that even this setup props up perps a pseudo-quanto hack from '17's reg-avoidance era. Futures scale hedging without fragmentating utility if we solve clearing access without huge default"
X Link 2025-12-11T12:30Z 64.7K followers, XXX engagements