# Community Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Community", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Hyperliquid, Wall Street's All-Day Trading Convenience Store

**Hyperliquid: Wall Street's 24/7 Trading Convenience Store** Written by Vicky Ge Huang, Wall Street Journal. Hyperliquid, a decentralized crypto trading platform, has become a go-to venue for Wall Street traders, especially during weekends when traditional U.S. markets are closed. Operating 24/7, it allows traders to pre-position or close trades ahead of market opens, capitalizing on events like geopolitical news. The platform, founded by former Hudson River Trading quant Jeff Yan, offers perpetual contracts on a wide range of assets, including Bitcoin, the S&P 500, oil, and even pre-IPO companies like SpaceX. Its growth exemplifies the merging of traditional finance and crypto markets, attracting significant volume from professional traders seeking leverage and constant access. A key differentiator, according to Yan, is user self-custody of assets—a necessity highlighted by the FTX collapse. Despite U.S. regulatory restrictions, some American users reportedly access the platform via VPN, drawn by its ease of use, lack of stringent KYC, and strong community culture on platforms like Discord and X. The platform is not without risks. Perpetual contracts are complex and highly leveraged, leading to massive liquidations during market volatility. Hyperliquid itself saw $10 billion in liquidations during a market crash in October last year. Regulatory warnings emphasize insufficient risk disclosure for retail investors. With about 11 employees, Hyperliquid and its associated blockchain reportedly generated around $800 million in revenue last year. Its native token, HYPE, has surged over 100% since late 2024. The platform plans to expand into prediction markets and options trading, aiming to become a hub for all financial activity.

foresightnews_api15h ago

Hyperliquid, Wall Street's All-Day Trading Convenience Store

foresightnews_api15h ago

Fantasy's Closing Notes: After Two and a Half Years of Trial and Error in SocialFi, What Have We Learned?

"Fantasy Shutdown Notes: Two and a Half Years of SocialFi Trial, What Have We Learned?" Fantasy, a SocialFi/crypto card game, is shutting down. The team is refunding 100% of investments to angel/seed round backers, as operational costs were fully covered by revenue. Over 2.5 years, the project returned approximately $20M to its community. The core reason for failure was building crypto economics on a foundation not designed for it. Traditional card games (Magic, Pokémon) succeed by prioritizing gameplay; financial value is a secondary outcome. Crypto card games invert this, attracting speculators first, not genuine players. This financialization trapped the team into managing a financial instrument instead of developing a game. This is a sector-wide issue. Embedding tokenomics into social products or creator-fan relationships often attracts short-term traders over genuine users, undermining the core value. The article also critiques premature token launches. Most tokens fail because they're issued before product-market fit is proven, diverting team and community focus to price speculation instead of building. Successful examples like Hyperliquid or Jupiter built sustainable businesses first. Fantasy's journey highlights key crypto pitfalls: the distorting effect of upfront financialization in gaming/social apps, and the dangers of launching tokens too early. The team hopes sharing these lessons helps future builders avoid the same traps.

marsbit05/21 08:13

Fantasy's Closing Notes: After Two and a Half Years of Trial and Error in SocialFi, What Have We Learned?

marsbit05/21 08:13

Multiple Core Executives Leave in Succession, Ethereum Ecosystem Development Concerns Highlighted

Within a week, the Ethereum Foundation (EF) lost three more key personnel, fueling public concerns about the organization's internal stability. Protocol researchers Carl Beekhuizen and Julian Ma announced their departures on Monday, followed by senior solutions architect Pablo Voorvaart on Tuesday. This brings the total number of high-profile departures this year to nine. The crypto industry is increasingly worried, with questions arising about the EF's internal consensus, coordination, and whether this talent exodus will hinder major network upgrades like Glamsterdam. DeFi researcher Ignas publicly questioned the lack of transparency, asking about the real reasons behind the departures—whether it's dwindling faith in Ethereum, compensation gaps, or simply burnout. Community reactions are mixed. Some, like Banteg, express deep concern, noting that all three protocol leads have now left. Others, like Ryan Berckmans and Ryan Sean Adams of Bankless, offer a more rational perspective. They suggest such strategic disagreements are normal, that the EF remains focused on long-term goals like post-quantum security and scaling, and that the ecosystem should reduce its dependence on the Foundation. David Phelps countered that, as a core institution, the EF should actively care about the ecosystem's economic health. This wave of departures follows earlier signs of turmoil. Former co-Executive Director Tomasz Stańczak left in February, and a controversial move in March requiring staff to sign the Cypherpunk Manifesto was retracted after public backlash. Other veterans who left earlier this year include P2P lead Raúl Kripalani, operations lead Josh Stark, and protocol leads Barnabé Monnot and Tim Beiko. The departing members are highly experienced. Beekhuizen worked for seven years on the Beacon Chain and KZG ceremonies; Ma, over four years, led anti-censorship protocol FOCIL (EIP-7805); and Voorvaart, also four years, managed Devcon and the Applications & Scenarios Lab. Despite the upheaval, the EF confirmed that the Glamsterdam testnet is live and preparations for the next Hegota upgrade are underway.

marsbit05/21 07:42

Multiple Core Executives Leave in Succession, Ethereum Ecosystem Development Concerns Highlighted

marsbit05/21 07:42

Meme Wrapped Contracts: Is alt.fun Real Innovation or a Pseudo-Need?

A new platform called alt.fun on Hyperliquid has gained attention by merging meme coin creation with leveraged futures trading. Unlike typical meme platforms like Pump.fun, alt.fun requires creators to select an underlying asset (like HYPE or S&P 500) and a leverage level (2x, 3x, or 5x) to take a long or short position. The issued meme token is directly linked to a corresponding leveraged token (LT) on BounceTech, which represents that perpetual contract position. This means the token's price is driven by both the standard bonding curve (community buying/selling) and the performance of its leveraged underlying asset, allowing value to increase even without new purchases. The platform's "graduation" to a DEX pool requires a市值 of $9,000, achievable through market demand or underlying asset growth. While this mechanism can amplify gains in trending markets, it also introduces significant risks from asset volatility, leverage decay during rebalancing, and potential liquidation during sharp price moves. Despite early traction—with its top token ALT reaching an $8.8M market cap—alt.fun faces challenges. Its limited selection of 14 underlying assets constrains variety, leading to tokens with identical financial profiles. More fundamentally, critics argue it misunderstands the meme coin ethos: its tokens are primarily financial instruments tied to asset performance, lacking the community-driven narratives and cultural appeal essential for sustaining meme coin value. The article concludes that while mechanically innovative, alt.fun may be better suited as a niche DeFi product than a true meme platform.

marsbit05/18 12:45

Meme Wrapped Contracts: Is alt.fun Real Innovation or a Pseudo-Need?

marsbit05/18 12:45

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