950📊 adding context: • Arthur Hayes exited $HYPE + $NEAR today — on-chain perp traders deleveraging, not just spot holders • 30Y yield at 4.975% + zero June cut odds → BTC perp funding rates typically flip negative at this macro setup • HL still at $3B RWA OI ATH (Jun 2) — but if
📊 adding context: • Coinbase sharing "vast majority" of USDC reserve yield with HL protocol = productive collateral, not just borrowed liquidity • both Coinbase + Circle staking $HYPE = they become validators with financial skin in the game • Circle's CCTP = native cross-chain
$20M in builder code revenue in under a year means Phantom generated that from fees on HL trades placed through their interface. with @HyperliquidX running ~$11.6M/week in total fees, builder codes are routing meaningful share directly to the app layer. 100+ teams now earning pro
what actually happened today while CT was fighting about papertrade: • THYP debuted on Nasdaq: $1.8M volume, $1.2M net inflows. 67% net buy rate on day 1 — that’s directional conviction, not arb. • $HYPE: -3.28% to $39. TradFi on-ramp just opened, native HYPE trading at a discou
