# Perpetuals Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Perpetuals", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

Conversation with Co-founder of Hyperdash: Why is Hyperliquid Still Severely Undervalued?

Interview Summary with Hanson Birringer, Co-founder of Hyperdash: Why Hyperliquid Remains Undervalued In an interview on *The Rollup*, Hanson Birringer, Co-founder and Chief Revenue Officer of Hyperdash—a trading data analytics platform for Hyperliquid—shared his investment thesis on the Hyperliquid ecosystem. He described Hyperliquid as a pure play on three key crypto super-trends: perpetual contracts, real-world assets (RWAs), and stablecoins. The platform is an open-source, decentralized, and high-performance financial system uniquely positioned to bridge traditional institutional capital with decentralized finance. Birringer highlighted Hyperliquid's leadership in perpetual DEX trading and its recent innovation of RWA perpetual contracts. He emphasized the significance of USDC becoming a core quoting asset, which, by allocating 90% of its backend yield from assets like US treasuries to a protocol buyback fund, creates substantial, programmatic buy pressure for the Hype token. He addressed regulatory challenges, noting that Hyperliquid's policy team is actively engaging with US regulators like the CFTC to establish clear rules for decentralized venues. Once achieved, regulated brokers could route orders directly to Hyperliquid's backend, tapping into its low-cost liquidity layer. Regarding revenue, Birringer was optimistic, citing the immense size of traditional financial markets. Even capturing a small fraction of global trading volume in products like RWA perpetuals could lead to exponential growth for the protocol. The recently launched Grayscale Hyperliquid ETF, seeded by their SPV (Hyper Holdings Global), provides a compliant on-ramp for institutional investors drawn to the clear "cash flow + token buyback" model. Finally, he discussed Hyperdash's acquisition of Imperator, enhancing its data and node infrastructure to serve both retail traders and traditional asset managers. His bullish case rests on Hyperliquid's potential to provide unprecedented global access to dollar-based capital markets. He struggled to articulate a bear case, seeing the long-term trends of internet adoption and financial inclusion as powerful tailwinds.

marsbit07/19 05:40

Conversation with Co-founder of Hyperdash: Why is Hyperliquid Still Severely Undervalued?

marsbit07/19 05:40

In-depth Analysis of Trade[XYZ]: How Were 92 Markets and 98% of HIP-3 Trading Volume Established?

**Deep Dive into Trade[XYZ]: How It Built 92 Markets and 98% of HIP-3 Volume** This analysis explores Trade[XYZ], a deployment on Hyperliquid's HIP-3 framework, which now accounts for 98% of its transaction volume. It argues that Trade[XYZ] is not a threat to Hyperliquid but a validation of its strategy: providing open infrastructure for specialized teams to build deep liquidity markets. The report details the significant difficulty of building institutional-grade perpetual markets for real-world assets (stocks, indices, commodities). Trade[XYZ] succeeded by rapidly launching markets (median 3.3 days), attracting deep-making market makers, and implementing sophisticated risk mechanisms (like "Discovery Bounds") to maintain liquidity even when traditional hedges are unavailable (e.g., overnight, pre-IPO). Key findings include: * **User Acquisition:** ~97% of Trade[XYZ] volume trades through Hyperliquid's own front-end, bringing over 300,000 new wallets to the protocol. * **Fee Sharing:** Protocol fees are split 50/50 between Hyperliquid (for HYPE buybacks) and the deployer. The "Growth Mode" (low fees for RWA) is a strategy to build market share before potential monetization at standard rates, as evidenced by the GOLD market. * **Market Quality:** Trade[XYZ] has achieved tight spreads and significant open interest, led by commodities and indices. Its ongoing operational management of 92 markets is a full-time business. * **Strategic Fit:** Building these markets internally would expose Hyperliquid to regulatory risk and divert focus from its core infrastructure mission. HIP-3 allows expert deployers like Trade[XYZ] to handle complex operations while Hyperliquid benefits from network effects, fees, and users. The conclusion is that Trade[XYZ]'s dominance demonstrates the success of Hyperliquid's horizontal model: attracting the best operators to build winning verticals on its neutral, high-performance base layer.

marsbit07/16 06:22

In-depth Analysis of Trade[XYZ]: How Were 92 Markets and 98% of HIP-3 Trading Volume Established?

marsbit07/16 06:22

Primit Season 1 Officially Launches: $100,000 Avalanche On-Chain Perp Trading Incentive Event Now Live

Primit, in collaboration with Avalanche, has officially launched "Season 1: On-Chain Perp Frenzy," a large-scale incentive event for on-chain perpetual trading on the Avalanche network. The campaign features a total prize pool equivalent to 100,000 USDT in AVAX, distributed across four concurrent reward mechanisms. Key components of the event include: * **Daily Random User Rewards ($7,000 pool):** Over 14 days, 20 users daily with at least $200 in trading volume are randomly selected to share a $500 daily pool. * **Twitter Contributor Rewards ($5,200 pool):** Rewards of $300–$500 for high-quality community content about Primit on Twitter/X using #PrimitAvalanche. * **Referral Rebate Mechanism ($50,000 pool):** A proportional share of the pool is distributed based on valid referral volume, with no individual cap. Referred users must register via a code and achieve ≥$500 cumulative volume with ≥5 trades. * **Volume Leaderboard ($37,800 pool):** Top 120 traders by cumulative volume receive rewards ranging from $100 to $4,000. The event runs from July 15 to July 28. Trading volume from AVAX-related pairs or using native gas receives a 1.5x multiplier, incentivizing engagement with Avalanche's core ecosystem. According to the Primit team, the season serves as a product stress test to demonstrate the readiness of on-chain perpetuals for high-frequency, professional trading demand, facilitated by Avalanche's high-performance infrastructure. Relevant links to the official Twitter and event portal are provided.

TheNewsCrypto07/15 13:02

Primit Season 1 Officially Launches: $100,000 Avalanche On-Chain Perp Trading Incentive Event Now Live

TheNewsCrypto07/15 13:02

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