Perp DEX weekly fees peaked at $160.6M (Sep 29, 2025). Now $28.3M, down 82%. 70% of that peak was Aster alone ($111.7M/week). Strip that, the organic market went from $48.9M to $26.7M.
> @Aster_DEX collapsed 99% ($111.7M → $1.54M/week). Hyperliquid dropped 33% ($20.5M → $13.7M), but the ex-Aster market dropped 45%. Incentive-driven volume disappeared. Product-driven volume contracted less.
> @HyperliquidX holds ~50% of perp DEX fees with no close second. @edgeX_exchange (18%) is the only other protocol above 10%. HIP-3 commodities/equities now drive ~40% of HL volume, a revenue line no competitor has. 97% of fees go to HYPE buybacks (~$2M/day).
> Perp DEX fees are contracting, but Hyperliquid's share keeps climbing (~40% Jan → ~50% Mar). If the broader market recovers, Hyperliquid is positioned to capture the upside from a structurally dominant position.
Kairo Lin 🧪 retweeted
Tomorrow’s US conference is going to be one of the more volatile events of the year.
Fuel for Hyperliquid.
UPDATE: 🔴
U.S. forces struck a large ammunition depot in Isfahan, Iran, using 2,000-pound bunker buster bombs, a U.S. official told the Wall Street Journal. A high volume of penetrator munitions was used in the strike.
Contributed by @AZ_Intel_.
Kairo Lin 🧪 retweeted
This is what they want you to believe
Biggest sack of bullshit I’ve ever read
I have a secret to share
After your first $2–$3 million, a paid off home and a good car, there is no difference in quality of life between you and Jeff Bezos. Both of you have limited amount of time on earth; you have twice if not more than Jeff, so you are richer than him. A cheeseburger is a cheeseburger whether a billionaire eats or you do.
Money is nothing but a piece of paper or a number in your app. Real life is outdoors.
Become financially independent; that’s usually 2–3mil. Have good food. Enjoy the relations. Workout. Sleep well. Call your parents. That’s all there is to life. Greed has no end.
Repeat after me: Time is the currency of life. Money is not.
Sooner you figure this out, happier you will be.
Kairo Lin 🧪 retweeted
Earn in fees or $US on UltraSolid when you provide liquidity.
Hyperliquid
Kairo Lin 🧪 retweeted
[ ZOOMER ]
SPACEX AIMS TO FILE FOR IPO AS EARLY AS THIS WEEK, AIMING FOR A JUNE LISTING: THE INFORMATION
Kairo Lin 🧪 retweeted
Huge congratulations to TradeXYZ and S&P for this historic partnership. I'm honored that these teams choose to build on Hyperliquid.
Seeing official S&P500 perpetual futures launch exclusively on Hyperliquid is a validation of everyone's past years of hard work: global access to decentralized finance, perpetual futures as 24/7 price discovery, and Hyperliquid upgrading the existing financial stack to house all of finance.
The S&P500 is synonymous with "the market," a single number that captures the essence of the largest economy in the world. Looking forward to tracking the world's most important financial gauge 24/7 on the most liquid permissionless markets.
S&P Dow Jones Indices and trade[XYZ] have joined forces to launch the first official S&P 500 perpetual contract, available exclusively on Hyperliquid.
For 69 years, the S&P 500 has been a defining reference point for global finance. Until now, access to that benchmark has been shaped by market hours, intermediaries, and geography. Today, that changes.
The S&P 500 perp is now available 24/7/365, anchored by the official index data required for deep liquidity and institutional confidence at scale.Â
SPDJI helped define modern indexing. They are stewards of an iconic benchmark, the standard against which portfolios across the globe are measured. We are honored to bring that legacy on-chain.
Trade[XYZ] is bringing the world's most iconic assets towards a future of global, continuous markets — a future powered by Hyperliquid.
Kairo Lin 🧪 retweeted
Kami Onboarding Week is here!
The first 50 new players to purchase a Kami via Zevana in the next 7 days get a 0.01 ETH rebate.
If you’ve been waiting for the right time to try @Kamigotchiworld, this is it.
winning the Pump fun BiP Hackathon is only the beginning
over the last week we’ve successfully helped multiple winning teams advance in raising, distribution, and strategy
the build in public model enables teams to execute fast vs. waste time on pitch decks and partner proposals - build in public, get noticed
building in public is the secret to instant distribution, quick validation & being connected to industry leaders who can accelerate your project faster than ever before
8 spaces are remaining. good luck to those who build in public!
Kairo Lin 🧪 retweeted
NEW: S&P licenses first official S&P 500 perp for round-the-clock trading by a startup most of Wall Street has never heard of. Read more: bloomberg.com/news/articles/…
Kairo Lin 🧪 retweeted
When you overlay @tradexyz's crude oil ticker with CME's, the recent weekends are interesting. It appears CME's price is the one catching up with Hyperliquid's, not the other way around.
Tangible evidence of real price discovery is happening on Hyperliquid during the weekends.
A wallet cluster received 3,523,331 HYPE ($144M) from Galaxy Digital over the past 40 days, making it one of the largest, if not the largest buyer in this time period.
The last transfer from Galaxy Digital into this cluster was 2 hours ago for 395K HYPE ($16.2M).
I have no clue who it is. I previously thought it could be Multicoin rotating ETH into HYPE, but that is still unconfirmed.
hyperevmscan.io/address/0xca…
hyperevmscan.io/address/0x76…
hyperevmscan.io/address/0x57…
hyperevmscan.io/address/0x6c…
hyperevmscan.io/address/0xab…
hyperevmscan.io/address/0xab…
Kairo Lin 🧪 retweeted
I just withdrew money from a Hyperliquid dApp (@hyperbeat) to my Turkish Lira bank account, truly the future of finance
Hyperliquid
🇹🇷🇹🇷🇹🇷
I just withdrew money from a Hyperliquid dApp (@hyperbeat) to my Turkish Lira bank account, truly the future of finance
Hyperliquid





































