Meta Zenn

Real life, baby

.HLs arguing about lighter tokenomics and trying to fud it as much as they can is hyperlit! I would rather own a moon bag of $lit and a big bag of $hype than just own $hype.

Valuable tokens that hold value over time (if the dex keeps growing). Not to forget, they will likely fall when the whole market turns but relatively lower vs tokens that really on network effects alone not fees to grow.

One thing I am certain about going into the next cycle is that the perp dexs are going to be grow non-linearly. That’s ultimately means valuable tokens/assets (if managed well by the teams).

Zoom out! Volume will very likely pick up due to various reasons like regulation that leads to tradfi usage. Bear to bull transition brings more speculation in turn more volume to crypto. HL will benefits from that in a major way. Tokenmics is one of the best in the industry.

I see people getting bearish on $HYPE due to low fees generated of late. Remember, there are going to lot of IPOs (AI, Robotics) coming out soon. They will all be traded pre dominantly on @HyperliquidX We are in a low volume environment that too in the tail end of the bear.

$HYPE underperformance in the last month has nothing to do with Loracle selling or KYC - it is correlated with AI stocks and $DRAM - it became consensus on CT, boosted by BTC/ALTS underperformance in Q1/Q2 75% of Hyperliquid trading volume is now RWAs buy HYPE when AI bottoms

Is KYC Hyperliquid's Path to the US? On testnet, a new function was recently added to HIP-3 that allows deployers to set an allowlist for their markets. By adding a star payload, a DEX can restrict trading to approved addresses. In theory, this creates a path for permissioned access to Hyperliquid, which could become particularly important in regulated markets such as the US. US regulation has been one of Hyperliquid's largest constraints. Under the current framework, retail commodity derivatives generally need to trade on a CFTC-registered designated contract market and clear through a registered derivatives clearing organization, with customer access typically handled by a regulated broker. For this reason, Hyperliquid cannot simply open its existing perpetual markets to US users. Rather than continuing to operate in a regulatory grey area, Hyperliquid has been active in Washington, pushing to modernize these rules and establish a compliant pathway for onchain derivatives, with the longer-term goal of allowing regulated exchanges and brokers to use its market infrastructure. Still, even if this pathway were approved, questions would remain around how KYC, a necessary part of any US-compliant approach, would be implemented. Looking at testnet, we believe the answer sits at the HIP-3 deployer level. A compliant deployer could list permissioned markets, conduct KYC, and maintain the allowlist, while regulated brokers route verified users into those markets. These restrictions would apply only to that DEX, allowing Hyperliquid's native markets and other HIP-3 deployments to remain permissionless. A key concern is that permissioned access would require replicating existing markets, creating liquidity fragmentation that is antithetical to Hyperliquid's liquidity-layer thesis. However, because both markets would exist within the same composable environment, market makers could easily transfer liquidity and hedge between the two. In fact, the need to redeploy these markets creates a major opportunity for whichever HIP-3 deployer builds the permissioned venue across crypto and RWAs. It is unlikely that TradeXYZ assumes this role, leaving space for a traditional financial institution to capture deployer fees on all KYC flow routed through these markets. Though nothing is confirmed and the function is testnet-only, we see this as highly constructive for Hyperliquid, particularly given the ongoing regulatory discussions. If Hyperliquid is to house all of finance, some form of regulated access is inevitable. This model could introduce that access without displacing existing permissionless markets, while creating a strong economic incentive for a major regulated institution to take that role. H/T @rajivpoc for the discovery.

Bitcoin is 87% correlated to global liquidity. The NASDAQ is 97% correlated. Which tells you something most people never realise. These assets are not really trading on earnings, or news, or whatever the story of the week is. They’re tracking the amount of money in the system. Bitcoin just swings harder around that line, because on top of liquidity it is young, volatile, emotional, and still riding a network adoption curve. Sometimes it runs hot. Sometimes it runs cold. Right now it is running cold, so people think something is broken. Nothing is broken. It’s doing exactly what it always does. So here is the question. If these assets track liquidity this closely... what if t you could forecast liquidity itself? Well, actually, you can. As I lay out in my Everything Code framework, liquidity is driven by the debasement of currency, and debasement can be forecast years ahead, because the interest payments that drive it are already known today and they lead liquidity by around three years. Bonkers.

.HLs arguing about lighter tokenomics and trying to fud it as much as they can is hyperlit! I would rather own a moon bag of $lit and a big bag of $hype than just own $hype.

The investments in robotics aren't heated at all right now, although money going into AI feels kinda heated ATM.

Lately, I have spent some time trying to understand what Robostrategy $BOT is all about. Find it very fascinating and am planning to DCA into it for a long-term hold. Minimum 3-5 years.

Ben Stokes. What a journey. 👑🏴󠁧󠁢󠁥󠁮󠁧󠁿