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Hyperliquid is impossible to ignore right now. Up 80% in the past month, the Hyperliquid ecosystem now accounts for 70% of all DeFi perps volume (having done $1.5T total) and $1.4B in TVL. With the HyperEVM now live, media coverage exploding, and a token on the rise, here’s why all eyes are back on Hyperliquid.👇 ~~ Analysis by @davewardonline ~~ To understand @HyperliquidX's success, it helps to know how it’s structured. HyperCore is the exchange layer, the original perps DEX handling trading, liquidity, and the order book. HyperEVM is the smart contract layer launched in February, letting developers build DeFi apps that tap into HyperCore’s liquidity. Think of HyperCore as the engine, and HyperEVM as the apps that harness its power, together forming the Hyperliquid blockchain. — An App Explosion Much of the growth comes from how devs can build: → Standard Deployment: Like any other EVM chain. → Hyperliquid-Native Deployment: Lets smart contracts read (and soon write) directly to HyperCore — offering access to balances, positions, and real-time prices (h/t @const_hom and @hypurr_co). One standout project here is @felixprotocol, a lending suite offering: → CDP Market: Mint feUSD stablecoin using HYPE as collateral. → Vanilla Markets: Peer-to-peer lending pools, including upcoming fiat-backed stablecoin HUSD, launched in partnership with @m0foundation, and using interest from idle bridged USDC (~ $107.5M annually) to purchase HYPE and distribute it as yield. Beyond Felix, notable projects include: @hyperunit — Tokenizes assets cross-chain for use on both HyperCore and HyperEVM. uBTC is a key asset here. @pvp_dot_trade — Telegram trading bot with clan-based multiplayer trading using HyperCore liquidity and stylized in an homage to Runescape. @liminalmoney — A DeFi yield protocol running delta-neutral strategies. Users deposit USDC, returns come from funding fees (~16% APY), and it’s invite-only for now. — HyperCore’s Continued Dominance HyperCore hasn’t slowed. It’s consistently setting ATHs: $10M in open interest, $5.6M in daily fees, and $3.5B in USDC bridged. Despite no outside funding, Hyperliquid has gone toe-to-toe with centralized exchanges — often leading in listings and speed. And it’s all driving value to HYPE: $240M in cumulative fees, $40M/month on average, and 23M+ HYPE repurchased via daily buybacks. At current pace, the Assistance Fund could theoretically buy the entire circulating supply in under 7 years. — Building Hype The community’s growing fast, with “Hyperliquid” signed tweets, @HypioHL NFTs, and grassroots groups like HypurrCollective and HyperActive Capital popping up globally. Next up is HIP-3, which will let anyone stake HYPE and launch permissionless perp markets (think tokenized equities) — pushing Hyperliquid further toward full decentralization and its vision of “housing all finance.” Overall, Hyperliquid's success should warm the hearts of all those jaded by endless token incentives and frothy VC backing. While, yes, many started using the platform to farm HYPE, the continuous use post-airdrop, coupled with non-stop new all-time highs signals that, at the end of the day, what won out was simply the draw of a superior product. The result is growth driven by utility rather than subsidies — high usage, actual revenue generation (so hot right now), and genuine community cohesion. With HIP-3 on the horizon and an engaged community ready to shape the platform's next chapter, the numbers suggest this is just the beginning.

Original title: The Exact Setup I'm Using to Make $ 1 M+ from HyperEVM Original author: @PixOnChain, a member of Bubblemaps Original compilation: Groove Small Deep Editor's note: This article shares the author's detailed allocation to earn more than $1 million in the HyperEVM ecosystem through a capital-efficient, delta-neutral strategy. The authors have studied 65 native protocols and recommend covering multiple protocols through operations such as HyperUnit cross-chain, staking, $HYPE, liquidity provision, and hedging to accumulate points while earning more than 19% annualized returns. Additional gameplay includes the purchase of .hl domain names, NFTs, and stablecoin operations, with a focus on @hyperunit and @prjx_hl, believing that early participation can lead to high airdrop returns. The following is the original content (the original content has been edited for ease of reading and comprehension): Most people are unaware of HyperEVM. I spent over 20 hours researching all 65 native protocols. If you do it right, I'm sure you can get a six- or seven-figure airdrop. Here's the full walkthrough: Step 1: Access funds on-chain (efficient use of capital) You need to have liquidity on HyperEVM. But not all bridges are created equal. The cross-chain bridges I use are as follows (all token-free): @hyperunit @HyperSwapX bridge @HyBridgeHL I mainly transfer assets across chains through HyperUnit. It will first bridge to Hypercore (Hyperliquid's transaction layer). From there, it's just a two-step path to HyperEVM (see below for details). Step 2: Yield Strategy (Delta Neutral, Low Risk) I don't like impermanent loss. I'm after profit. Here's my specific configuration: 1. Cross-chain via HyperUnit 2. Convert to $USDC and buy $HYPE in stock 3. Stake 20% of $HYPE to HypurrCollective x Nansen validators 4. The remainder goes to HyperEVM (Portfolio > Balances >> Transfer to EVM>) 5. Stake $HYPE as $stHYPE on @0x HyperBeat 6. Give $stHYPE to @HypurrFi and borrow $HYPE 7. Convert $HYPE to $stHYPE on @HyperSwapX 8. Give $stHYPE to @hyperlendx 9. Hedge your exposure to $HYPE with 1x short (currently 35% APY through funding). This configuration forms a Delta neutral position that allows both to earn passive yield and to accumulate points on multiple protocols at the same time. Here's an example calculation of the strategy's payoff based on the current interest rate: Step 3: Earn more points to play Purchased several .hl domains from @hlnames Acquired a @HypioHL NFT on @drip__trade UBTC + UETH is available on @HypurrFi and @hyperlendx (hedged when funding is positive, about 11% APY+) I also use stablecoins in the ecosystem: Use USDC in HLP (Hyperliquid → Vaults → Protocol Vaults). Lend USDT 0 on @HypurrFi and @felixprotocol  USDT 0/feUSD liquidity pair available on @HyperSwapX (very narrow range, excellent APY) FeUSD is available on @felixprotocol This configuration covers almost every vertical of HyperEVM. Step 4: Earnings of the configuration Unit Points Hyperliquid Credits Nansen Points Hyperbeat Points Drip Credits Hypio Credits Felix Points HypurrFi Credits HyperSwap Credits HyperLend Integrals HyperEVM Credits HL Names Points At the same time, I can earn an annualized rate of return of more than 19% on my capital. Some of these points systems are confirmed, others are speculative. I'm betting across the board. Step 5: Hide the gameplay Currently, most protocols on HyperEVM only have 5,000 to 10,000 users. That's the same size as Jito's users before the airdrop. If you read this article, you most likely belong to the top 1% of early participants. But there are a few ways to play that can lead to higher asymmetric returns. I focus on the following two: @hyperunit @prjx_hl Let's start with Unit. This is probably the most underrated protocol in the entire HyperEVM ecosystem. It's already live, token-free, obscure. But what if they can achieve their goal – put real-world stocks on the chain – and then launch a token? This could easily be a billion-dollar airdrop. My guess about the airdrop formula is: Airdrop = (Unit assets held × holding time) + (cross-chain trading volume × coefficient) So I crossed the chain early, and the cross-chain scale was large, Then let the asset sit quietly in the spot HL, liquidity pool, or lending market. Let's talk about Project X. It's still a black box at the moment, but ...... The team was driving the InfoFi wave before it was even named, and airdropped a large amount of $$$ to participants. Yes, they were already a bit hot at the time of the pre-release, but I still think it's still early. That's exactly why I want to get involved. That's my configuration. Delta is neutral and capital efficient. Earn money while accumulating points that no one cares about. Most people are waiting for the next big airdrop. I'm ready for it. What if I'm wrong? I still have a reward. What if I'm right? You'll see the results on-chain. P.S. I am not affiliated with these agreements in any way and have not received any compensation. Please DYOR. Link to original article

Original title: The Missing Piece: Stables Liquidity on HyperEVM Original author: @0xBroze, @felixprotocol member Original compilation: Groove Small Deep Editor's note: This article explores the opportunities for stablecoin yields on HyperEVM, noting that the lending protocol and DEX ecosystem has grown rapidly since the launch of its mainnet alpha, with TVL reaching hundreds of millions of dollars. Although stablecoins such as feUSD and USDT0 have attracted some liquidity, they are still unable to meet Hyperliquid's leverage needs, providing stablecoin lenders with 8-26% APY opportunities, far exceeding the 3-5% of platforms such as Ethereum. By bridging USDe or USDT0 to HyperEVM, users can earn high yields through lending or liquidity provision, while paying attention to risks such as smart contract security and collateral quality. The following is the original content (the original content has been edited for ease of reading and comprehension): In this article, I'll dive into the opportunities for stablecoin yield seekers on HyperEVM. Hopefully, this article will provide more motivation for those seeking stable income who are looking to join Hyperliquid (HL). Hyperliquid's traders are eager to use more leverage on their capital, and they're willing to pay you good returns for it. HyperEVM DeFi's "Cambrian Explosion" The HyperEVM mainnet alpha went live on February 18th, with only a handful of protocols ready to be deployed initially. Three months later, HyperEVM's ecosystem has grown rapidly, including lending protocols (Felix, Hyperlend, Hypurrfi, Sentiment, Hyperstable, etc.), decentralized exchanges (DEXes, such as Laminar, HyperSwap, Kittenswap, Curve), etc., with a total value locked (TVL) of hundreds of millions of dollars. Users utilize the HyperEVM protocol as a source of passive income when high-risk trading is suspended, as well as a liquidity venue for assets such as HYPE, UBTC, UETH, and HYPE LSTs that cannot be used directly as collateral on HyperCore. With the expansion of the HyperEVM lending market, DEXes, and LSTs, we have witnessed the emergence of multiple new stablecoins, starting with CDP stablecoins such as @felixprotocol's feUSD and @hypurrfi's USDXL, followed by @ethena_labs's USDe and early May's USDT0. These stablecoins provide the foundation for more sophisticated stablecoin-based leveraged products in the HyperEVM ecosystem. DeFi growth since HyperEVM went live on February 18 - Defillama Alpha opportunities for stable income vs. Hyperliquid exposure seekers However, one conundrum remains: as of this writing, we have attracted about 50 million feUSD, 21.5 million USDT0, 12.5 million USDe, and 4 million USDXL, but stablecoin liquidity on Hyperliquid is still insufficient to meet borrowing needs. This imbalance presents an attractive opportunity for yield-seeking capital, as it reflects the real need for leverage, rather than the artificially driven borrowing and lending practices that are common in other ecosystems. On Hyperliquid, top traders with large holdings of HYPE and other major spot assets directly leverage HyperEVM as a source of liquidity to take profitable long and short positions on HyperCore. This has led to continued upward pressure on lending yields, as stablecoin lending liquidity is absorbed almost immediately. Even excluding incentives such as protocol credits or potential Hyperliquid Q3 rewards, stablecoin lenders have reaped significant returns – 8-12% annualized yield (APY) on Felix, 18-20% on Hypurrfi, and up to 10-20%+ on stablecoin/stablecoin liquidity offerings on DEXs like HyperSwap and Kittenswap. In contrast, established platforms on the Ethereum mainnet such as Aave offer a sustainable yield of only 3-5% for stablecoins like USDT. However, this opportunity is not limited to users brought to stablecoins from established ecosystems such as Ethereum, Optimism, Arbitrum, etc., but also traders on HyperCore. Those traders who hold USDC on HyperCore are missing out on another significant incentive season and real stable gains on HyperEVM stablecoins like USDT0, USDe, feUSD, USDXL, and more. For those looking for higher yield potential and direct exposure to Hyperliquid – but don't want to fully take on the volatility and risk of HLP – HyperEVM's lending and stablecoin liquidity provision (LPing) is an opportunity to create alpha. Change in the supply of USDT0 on HyperEVM since its launch - Purrsec How do I price a stable income opportunity on HyperEVM? While other ecosystems have attracted stablecoin liquidity through high-profile incentive programs, the Hyperliquid team has resisted this approach. This has led to some friction as lenders are unsure of the expected returns for borrowing or lending on HyperEVM or providing liquidity, which may be more attractive to other ecosystems with more explicit credits in comparison. However, it is important to keep in mind that there is still more than 38.888% of the HYPE supply to be distributed, more than $10 billion at current prices. HYPE is one of the most productive assets in DeFi right now, with buybacks from the Hyperliquid Assistance Fund amounting to about $230 million in the last two months alone. At this rate, Hyperliquid buys back nearly $1.4 billion in its supply each year. Obviously, for large stablecoin lenders willing to step into the space, the rewards of this opportunity are extremely attractive. Hyperliquid Relief Fund - HYPE holdings of nearly $900 million - Hypurrscan An overview of the risks to assess before moving to HyperEVM The main risk of stable earnings on HyperEVM revolves around smart contract security. Protocols that have not been publicly audited should be avoided entirely. Even if there is an audit, investors should carefully investigate operational security (OpSec) practices, review audit reports, and consult with third parties, treating capital deployment as a decision that is at least as important as purchasing a refrigerator, as Peter Lynch has advised. For stablecoin liquidity providers (LPs), impermanent loss is smaller, and the risk focus shifts to counterparty risk and bad debt risk. Assessing collateral quality, secondary liquidity, and conservative risk parameters such as maximum loan-to-value ratio (LTV), liquidation thresholds, and interest rate mechanisms are critical to making risk-controlled lending decisions. If there is a need for more discussion about a specific risk factor, please feel free to contact directly. Step-by-Step Guide: Earn Stablecoin Yield on HyperEVM What should you do if you are a user with a large number of stablecoins and want to bridge some of your stablecoins to HyperEVM to capture these values? Here are the steps: Step 1: Convert the stablecoin you plan to bring in to USDe or USDT0. USDe is attractive to point maximizers because Ethena is also incentivizing the use of HyperEVM. USDT0 is suitable for loyal Tether users and large USDT holders. If you need to exchange these assets, it is recommended to use an aggregator such as Llamaswap directly for the best exchange rate and deepest liquidity. Step 2: Access TheHyperliquidBridge provided by LayerZero, where you can bridge directly to HyperEVM from Ethereum, Base, Optimism, Arbitrum, and more. Select the option to bridge directly to HyperEVM instead of HyperCore. Step 3: Once you own a stablecoin on HyperEVM, there are several opportunities to explore, which are outlined in some of the following. It is recommended to explore stablecoin/stablecoin liquidity provision (LP) opportunities on HyperSwap, KittenSwap, and Curve first. These pools are usually incentivized by multiple parties and have an annualized yield in the range of 10-15%+. If you're not interested in liquidity provision or prefer to lend yields, you can access lending protocols like Sentiment, Felix Vanilla, Hyperlend, Hypurrfi, and others to offer stablecoins to borrowers. However, due to the current lack of liquidity of automated market makers (AMMs), these protocols currently offer the highest yields. Bridging USDT directly from Ethereum to HyperEVM's USDT0 via LayerZero - TheHyperliquidBridge May Alpha be with you on HyperEVM Hopefully, this article will serve as a wake-up call for passive stablecoin lenders who may not be aware of the HyperEVM opportunity, as the Hyperliquid core team isn't hyped up with credits and incentives. One step at a time, we will build the ultimate stablecoin liquidity ecosystem on Hyperliquid. A comparison table of HyperEVM stable income opportunities with other platforms 「Original link」

Original title: The Exact Setup I'm Using to Make $1M+ from HyperEVM Original author: @PixOnChain, a member of Bubblemaps Original compilation: Groove Small Deep Editor's note: This article shares the author's detailed allocation to earn more than $1 million in the HyperEVM ecosystem through a capital-efficient, delta-neutral strategy. The authors have studied 65 native protocols and recommend covering multiple protocols through operations such as HyperUnit cross-chain, staking, $HYPE, liquidity provision, and hedging to accumulate points while earning more than 19% annualized returns. Additional gameplay includes the purchase of .hl domain names, NFTs, and stablecoin operations, with a focus on @hyperunit and @prjx_hl, believing that early participation can lead to high airdrop returns. The following is the original content (the original content has been edited for ease of reading and comprehension): Most people are unaware of HyperEVM. I spent over 20 hours researching all 65 native protocols. If you do it right, I'm sure you can get a six- or seven-figure airdrop. Here's the full walkthrough: Step 1: Access funds on-chain (efficient use of capital) You need to have liquidity on HyperEVM. But not all bridges are created equal. The cross-chain bridges I use are as follows (all token-free): · @hyperunit · @HyperSwapX bridge · @HyBridgeHL I mainly transfer assets across chains through HyperUnit. It will first bridge to Hypercore (Hyperliquid's transaction layer). From there, it's just a two-step path to HyperEVM (see below for details). Step 2: Yield Strategy (Delta Neutral, Low Risk) I don't like impermanent loss. I'm after profit. Here's my specific configuration: 1. Cross-chain via HyperUnit 2. Convert to $USDC and buy $HYPE in stock 3. Stake 20% of $HYPE to HypurrCollective x Nansen validators 4. The remainder goes to HyperEVM (Portfolio > Balances >> Transfer to EVM>) 5. Stake $HYPE as $stHYPE on @0xHyperBeat 6. Give $stHYPE to @HypurrFi and borrow $HYPE 7. Convert $HYPE to $stHYPE on @HyperSwapX 8. Give $stHYPE to @hyperlendx 9. Hedge your exposure to $HYPE with 1x short (currently 35% APY through funding). This configuration forms a Delta neutral position that allows both to earn passive yield and to accumulate points on multiple protocols at the same time. Here's an example calculation of the strategy's payoff based on the current interest rate: Step 3: Play to get more points · Purchased several .hl domains from @hlnames · Acquired a @HypioHL NFT on @drip__trade · UBTC + UETH is available on @HypurrFi and @hyperlendx (hedged when funding is positive, about 11% APY+) I also use stablecoins in the ecosystem: · Use USDC in HLP (Hyperliquid → Vaults → Protocol Vaults). · Lend USDT0 on @HypurrFi and @felixprotocol · USDT0/feUSD liquidity pair available on @HyperSwapX (very narrow range, excellent APY) · FeUSD is available on @felixprotocol This configuration covers almost every vertical of HyperEVM. Step 4: Earnings of the configuration · Unit Points · Hyperliquid Credits · Nansen Points · Hyperbeat Points · Drip Credits · Hypio Credits · Felix Points · HypurrFi Credits · HyperSwap Credits · HyperLend Integrals · HyperEVM Credits · HL Names Points At the same time, I can earn an annualized rate of return of more than 19% on my capital. Some of these points systems are confirmed, others are speculative. I'm betting across the board. Step 5: Hide the gameplay Currently, most protocols on HyperEVM only have 5,000 to 10,000 users. That's the same size as Jito's users before the airdrop. If you read this article, you most likely belong to the top 1% of early participants. But there are a few ways to play that can lead to higher asymmetric returns. I focus on the following two: · @hyperunit · @prjx_hl Let's start with Unit. This is probably the most underrated protocol in the entire HyperEVM ecosystem. It's already live, token-free, obscure. But what if they can achieve their goal – put real-world stocks on the chain – and then launch a token? This could easily be a billion-dollar airdrop. My guess about the airdrop formula is: Airdrop = (Unit assets held × holding time) + (cross-chain trading volume × coefficient) So I crossed the chain early, and the cross-chain scale was large, Then let the asset sit quietly in the spot HL, liquidity pool, or lending market. Let's talk about Project X. It's still a black box at the moment, but ...... The team was driving the InfoFi wave before it was even named, and airdropped a large amount of $$$ to participants. Yes, they were already a bit hot at the time of the pre-release, but I still think it's still early. That's exactly why I want to get involved. That's my configuration. Delta is neutral and capital efficient. Earn money while accumulating points that no one cares about. Most people are waiting for the next big airdrop. I'm ready for it. What if I'm wrong? I still have a reward. What if I'm right? You'll see the results on-chain. P.S. I am not affiliated with these agreements in any way and have not received any compensation. Please DYOR. 「Original link」

Bitcoin, Ethereum, and Solana holders can perform EVM tasks even without HYPE. Recently, as @HyperliquidX prices hit ATH again, it seems that many people are interested in the remaining community airdrop allocations. The price has risen so much that those who missed the airdrop seem to find it difficult to even start EVM tasks. If you are holding BTC, ETH, or SOL, here are a few EVM tasks you might consider. While performing EVM tasks, you can aim for the $HYPE airdrop, but you also have the opportunity to receive token airdrops from Unit, Felix, HypurrFi, HyperBeat, and others. I am currently executing this strategy myself. @hyperunit First, deposit BTC, ETH, and SOL into Unit to acquire assets like UBTC, UETH, and USOL. Then, transfer them to Hyperliquid for EVM withdrawals. (USOL is not yet supported on EVM but is expected to be supported within 1-2 weeks.) 1. If you are a BTC holder, deposit UBTC into @felixprotocol -> borrow USDT0 -> Then deposit USDT0 into @sentimentxyz 2. If you are an ETH holder, deposit UETH into @HypurrFi and borrow other assets like USDT0 or HYPE. You can then deposit them into @0xHyperBeat or @sentimentxyz. 3. For SOL holders, since USOL is not yet activated on EVM and cannot be transferred to wallets, it is expected to become usable in about 1-2 weeks. For now, I am simply storing USOL in Unit. - Manage liquidation risks within a safe range based on your own judgment.