Full-time degen gambler | Ex-Software Engineer | Vibecoding enjoyer | Hyperliquid maxi | prev. @ourbit_official
Joined September 2016
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cobe.hl retweeted
Nvidia fell ~3.4% on Entropy from $187.50 to $181.20 as Axios reported that CEO Jensen Huang admitted in an email to staff that he had been unfaithful to his wife. Nvidia’s board opened an independent investigation into reports that foreign intelligence had targeted him.
cobe.hl retweeted
Everyone should be able to access high-quality financial assets, wherever they live.
That's what tokenization unlocks: taking the best of US capital markets and making them available on a global scale.
The industry is still small compared with global finance, but the advantages are becoming harder to ignore. Traditional market infrastructure was built around fixed hours, closed networks and layers of intermediaries. It was never designed for 24/7 execution, programmable assets, composability or self-custody.
The needs of investors have moved faster than the rails underneath them. We're working to change that.
What gives me confidence is seeing how many different people are now pushing this industry forward. Founders are building new products, LPs are bringing liquidity, traders are finding new uses, and infrastructure teams are making the whole thing work.
It's a privilege to be in the trenches with all of you.
We are still early, and there is a huge amount left to build. It will also take time and effort for the old guard to get onboard. This is worth fighting for.
cobe.hl retweeted
NEW: TRUMP SAYS CFTC CHAIRMAN MIKE SELIG IS WORKING ON BRINGING HYPERLIQUID INTO THE UNITED STATES
cobe.hl retweeted
Introducing: hyperscan.com
A native HyperEVM explorer with analytics and dev tools for CoreWriter, precompiles, HIP-3, HIP-4, and more.
HyperCore and the HyperEVM share the same state. This reads both sides of it.
Real-Time: every page updates the moment a block lands. Home, blocks, transactions, CoreWriter, any address. You never need to refresh.
HyperCore Support: on any transaction that calls CoreWriter, what HyperCore did with the action: executed with the fill, rejected with Core's own reason string, or still pending.
Dev Tools: 16 of them. A CoreWriter composer, a read-precompile playground, a dry run of any call with its state diff, and more.
HIP-3 and HIP-4: builder DEX indices resolved to real dex names against Hyperliquid's own registry, plus outcomeOp split, merge and negate, settled value, and outcome asset ids.
CoreWriter Tracking: every EVM to HyperCore write decoded by action, with the callers ranked and sendAsset broken out by token. 1,057,498 actions since launch.
CoreWriter/Precompiles Growth Tracking: the share of HyperEVM transactions that read HyperCore state 10xed in six months. See which precompiles the EVM reads, and which contracts read them.
Query and Export: filter any transaction, transfer, internal call or user operation by address, block range and amount, then take the result as CSV.
Protocol Analytics: follow a protocol's money, and tell deposits apart from price.
Money Flows: capital between protocols, wallets and HyperCore across 580 pairs, netted per pair, with the tokens behind every edge and the counterparties on both ends.
Bridge: HYPE and every token crossing in both directions.
Liquidations: every lending liquidation decoded, per market, ranked by debt repaid, with the collateral seized.
Protocol Growth: month-one retention and cohort triangles per protocol.
Concentration: the share of each protocol's transactions sent by its busiest 1% of addresses, which runs from a fifth to nine tenths.
Also: name.hl resolution, verified sources, address labels, 4-byte method names, token approvals with one-click revoke, dual-lane gas, and a directory of 59 HyperEVM builder tools.
Powered by @Quicknode
Hyperliquid.
cobe.hl retweeted
By community request, 10 new dashboards are live on hl.eco:
Hyperliquid vs Robinhood: volume, revenue and capital efficiency, head to head. HL clears 92% of Robinhood's entire quarterly trading volume, and 8x its crypto volume.
Coinbase $HYPE Buybacks: implied daily and monthly HYPE buy pressure from the USDC reserve-yield deal, across a range of yield assumptions.
Prediction Markets: HIP-4 weekly volume next to Kalshi, Polymarket, Limitless, Opinion and Predict.fun.
HYPE Holders: holder analysis across both HyperCore and HyperEVM, and retail vs whale counts over time.
European HYPE ETPs: fees, staking yield, backing and size for every European HYPE product from 21Shares, VanEck, Bitwise and CoinShares.
HIP-4 Governance: validators propose new prediction markets and vote how they resolve. See every live proposal and its quorum.
All TWAPs: every active TWAP order across perp, spot and HIP-3, sliced over time.
HIP-3 Oracle Health: per-feed price deviation and staleness across every HIP-3 market.
Outcome Markets: Hyperliquid now runs four recurring daily binaries, BTC, ETH, SOL and HYPE. Each family tracked cycle by cycle with live YES and NO flows.
Builder Analysis: a dedicated page for every builder code, with revenue and active-trader curves, coin mix, user concentration, and top traders by volume.
Hyperliquid.
cobe.hl retweeted
Introducing: hl.eco
A real-time analytics dashboard for tracking the performance and dominance of Hyperliquid.
hl.eco brings the full picture of Hyperliquid into one dashboard. $HYPE economics, HIP-3, HIP-4, builder activity, and more.
• $HYPE economics in real time: price, fees, revenue, supply burned, AF buybacks, TWAPs, the unstaking queue, validator economics
• Hyperliquid market share against every major perp DEX, L1, and CEX | by volume and open interest
• Full coverage of HIP-1, HIP-3, and HIP-4 | live deploy auctions, deployer rankings, pre-IPO perps, @tradexyz vs TradFi volumes, weekend RWA mission control, and outcome markets
• Wall Street on Hyperliquid | HYPE spot ETFs (BHYP, THYP), the full ETF filing pipeline, every digital-asset-treasury company tracked against BTC/ETH/SOL incumbents, and HL revenue/FDV/P/E vs HOOD, NDAQ, CME, ICE, IBKR
• Builder code revenue and HyperEVM activity, tracked in detail
• Live capital migration into Hyperliquid from every chain
• Stablecoin growth on Hyperliquid, across both HyperCore and HyperEVM
• Yield on Hyperliquid | APRs, TVLs, and strategies for every lending market, LST, LP, and vault, HLP included
• ~200 ecosystem projects indexed and searchable through a unified command palette. Native localization in English, Chinese, Japanese, Korean, Russian, Spanish, French, Vietnamese, Indonesian, Malay, and Hindi
hl.eco is a public good for the Hyperliquid community. Built to make the underlying of Hyperliquid easy to understand, and its growth simple to share.
Hyperliquid.
cobe.hl retweeted
ALERT: 🚨 Polymarket contract exploited
Attackers are removing 5,000 $POL every 30 seconds – $600k stolen so far
Pause all Polymarket activity for now
Readers added context they thought people might want to know
This was a private key compromise of an internal operations wallet, not a contract exploit. Polymarket confirms user funds and market resolution are safe. x.com/ShantikiranC/s… x.com/kakujain/statu…
cobe.hl retweeted
12 hours later, HYPE is up 15% from $50.
The volume profile highlights my previous argument almost perfectly: green shows volume traded during the recent move, compared to total auctioned volume at each price level.
Relatively little HYPE is actually changing hands at these new levels. The violence of the move is coming from the imbalance between aggressive buyers (DATs, ETFs, chasers) and a seller base that already had months to distribute in the prior range.
However, until sellers find a material reason to step in, the path of least resistance remains higher. Higher prices can become reflexive: they validate existing holders, reduce the urgency to sell, and force sidelined buyers to chase.
For example: if you are an existing holder, has this recent move made you more or less likely to sell versus when HYPE was at range lows? If you are sidelined, has this move made you more or less likely to enter?
Counterintuitively, despite higher prices meaning higher multiples, the answer is likely that it increased your desire to hold and participate. That is ultimately why we buy assets: for them to go up.
So where is the level where long-term holders finally sell? My bias is much higher.
HYPE >$50. Some thoughts:
Asset prices reflect the last trade in a market’s continuous auction. While this is often treated as “fair value,” only a small share of supply actually changes hands. As a result, price usually reflects the most aggressive buyers and sellers, and the premium or discount they are willing to accept relative to the recent price range. Still, over time, slower-moving supply and demand respond, and the market starts to re-equilibrate.
Therefore, while there are many ways to value an asset, the best way to contextualize its current value is:
1) What do short-term flows and asymmetries look like?
2) Where are longer-term buyers and sellers likely to step in?
For HYPE, short-term aggressive flows are clearly asymmetric to the upside. ETF access has started ($14.1M volume on May 19th), DATs are buying (Hyperliquid Strategies has $100M left), and the Assistance Fund continues to purchase $10M–$15M a week. On the market side, we are seeing tons of positive catalysts: Circle / Coinbase likely bringing in >$100M of stablecoin-related revenue for Hyperliquid, pre-IPO markets like SpaceX and potentially OpenAI from TradeXYZ bringing outsized TradFi attention, RWA open interest at $2.6B (up 2x from two months ago), and most recently regulatory momentum around tokenized stocks.
This leads to the second question: where do longer-term holders sell into this demand? HYPE spent nearly a year auctioning between $20 and $40, rotating supply into a new holder base. My bias is that much of this supply now sits with less price-sensitive holders: Deployers, the Assistance Fund, DATs, and stakers. If motivated sellers already had repeated exits around $38–$40, how much is left to sell above $50? Instead, we may see a reflexive dynamic where investors waiting for lower (e.g HYPE’s $8 Solana moment) are forced to rotate in.
My view is that flows and demand have already pushed many TradFi equities into extremely stretched valuations, while HYPE, despite being crypto’s clear winner, has remained relatively anchored to fundamentals. This break above the prior range, along with clear improvements in fundamentals (regulation, diversified revenue, 0-1 pre-IPO / 24/7 markets) and access (ETFs and DATs), could create an environment where price discovery turns reflexive and HYPE grinds much higher, detaching from traditional valuation anchors in the same way many high-growth L1s have in past cycles.
Hyperliquid
cobe.hl retweeted
HYPE >$50. Some thoughts:
Asset prices reflect the last trade in a market’s continuous auction. While this is often treated as “fair value,” only a small share of supply actually changes hands. As a result, price usually reflects the most aggressive buyers and sellers, and the premium or discount they are willing to accept relative to the recent price range. Still, over time, slower-moving supply and demand respond, and the market starts to re-equilibrate.
Therefore, while there are many ways to value an asset, the best way to contextualize its current value is:
1) What do short-term flows and asymmetries look like?
2) Where are longer-term buyers and sellers likely to step in?
For HYPE, short-term aggressive flows are clearly asymmetric to the upside. ETF access has started ($14.1M volume on May 19th), DATs are buying (Hyperliquid Strategies has $100M left), and the Assistance Fund continues to purchase $10M–$15M a week. On the market side, we are seeing tons of positive catalysts: Circle / Coinbase likely bringing in >$100M of stablecoin-related revenue for Hyperliquid, pre-IPO markets like SpaceX and potentially OpenAI from TradeXYZ bringing outsized TradFi attention, RWA open interest at $2.6B (up 2x from two months ago), and most recently regulatory momentum around tokenized stocks.
This leads to the second question: where do longer-term holders sell into this demand? HYPE spent nearly a year auctioning between $20 and $40, rotating supply into a new holder base. My bias is that much of this supply now sits with less price-sensitive holders: Deployers, the Assistance Fund, DATs, and stakers. If motivated sellers already had repeated exits around $38–$40, how much is left to sell above $50? Instead, we may see a reflexive dynamic where investors waiting for lower (e.g HYPE’s $8 Solana moment) are forced to rotate in.
My view is that flows and demand have already pushed many TradFi equities into extremely stretched valuations, while HYPE, despite being crypto’s clear winner, has remained relatively anchored to fundamentals. This break above the prior range, along with clear improvements in fundamentals (regulation, diversified revenue, 0-1 pre-IPO / 24/7 markets) and access (ETFs and DATs), could create an environment where price discovery turns reflexive and HYPE grinds much higher, detaching from traditional valuation anchors in the same way many high-growth L1s have in past cycles.
Hyperliquid
cobe.hl retweeted
As $HYPE grinds up, the whale keeps increasing size & negative PNL.
$15M loss currently.
This is not an intentional hedge as some may believe.
if this whale were to unstake more $HYPE, their validator node would drop out of the active set.
cobe.hl retweeted
A quick guide about SPCX valuation on hyperliquid
At opening price of 180$ we sit at 2.15t valuation
cobe.hl retweeted
I spent the past few days in Washington with @hyperliquidpc meeting with policymakers during the historic advancement of the Clarity Act. We discussed Hyperliquid, the benefits that it offers to American consumers, and the regulatory path to bring onchain derivatives markets into the United States.
Some conversations were technical with an impressive baseline understanding of Hyperliquid. Discussions included how onchain trading is a financial innovation that has clear global user demand. Other conversations focused more on a first principles introduction to defi and the promise of onchain markets. It was encouraging to see bipartisan support for thoughtful regulation of crypto. I look forward to continuing discussions in DC and working hard to make American access to Hyperliquid a reality.
cobe.hl retweeted
It's been awhile since I've seen TWAP $HYPE pressure like that.
Brings tears to my eyes 🥲
cobe.hl retweeted
Funding has been the most-watched number in crypto for a decade. No desk has ever been able to trade it.
That is about to change. Together with Nunchi, we are bringing the first funding rate perps to Hyperliquid. BTCSWP is a perp on the BTC funding rate itself, long if you think funding accelerates, short if it compresses.
An entire asset class moves from watched to traded.
Live on testnet now, mainnet coming soon. Try it: testnet.based.one/yex:BTCSWP
The future is Based.
