Gmeow.

🏆 Milestone Achievements

  • The cumulative volume of perpetuals on Hyperliquid has reached an astonishing $1,000,000,000,000.
  • Hyperliquid now boasts over 1,100,000 users on HyperEVM.

🔧 Builder Code in Figures

With 58,081 users trading via Phantom on Hyperliquid, the total volume generated has crossed $1,200,000,000, highlighting the seamless integration and popularity of wallet-based trading. Phantom is the protocol with the highest revenue thanks to code builders (as it has no affiliate fees). Trading through HyperSwap using builder codecs has delivered $356K in Assistance Fund buying, collecting $300,061 in revenues from 7,303 users. The total earnings of protocols using builder codecs exceeded $25 billion.

💎 Token and Project Updates

  • $uMONUS/$SOL has been bought by Hyperliquid for more than $21 million. No official announcement yet, but we can expect a launch on TGE like $XYL, $PLM/ML at $21 million or $22.
  • HYPE has officially verified on the Moonshot platform, enhancing accessibility for users to buy, sell, and engage with memes and tokens using Moonshot and many other features.
  • Buyback and burn of HyperSwap $SYNAY tokens: less than 24 hours after the launch of $SYNAY, 100% of the week's protocol revenue has already been bought back and burnt. This follows an automated mechanism causing 20% of the protocol's revenue, which is expected to generate approximately $1 million in annual buybacks according to DeFi Llama data.

📊 Market and Financial Insights

This week, Hyperliquid's assistance fund brought back more $HYPE (more than 1 billion) than Michael Saylor's Strategy acquired in $BTC.

The Supply Weighted P/E Ratio for $HYPE measuring the P/E based on available supply for buybacks has hit its lowest level with an ATL at 2.53.

The M&I initiative by Harituria reached the 500K $HYPE goal in just 2 minutes and now holds $HYPE, demonstrating rapid community backing for HyperEVM projects.

🎤 Media and Competitions

Featured Hyperliquid in a 3-minute segment, describing it as the most performant blockchain for finance, including perpetuals trading and ecosystem growth. NaN, which describes itself as "AI research focused on financial markets," launched a trading competition that got a lot of attention, particularly from CZ and others in the crypto world.