[HYPE] Hyperliquid Speculation

[tokeweed]

Bitcoin is coming to Hyperliquid.    At testnet, there's a deposit option to use testnet BTC.  So for us who are mostly BTC first above everything else but wants to degen some coins away, then this could prove very useful and easy to use.  

Btw the 'deposit button' is really a bridge that works like you just deposited your coins to an exchange.  The bridging part is now getting blurred.

So yeah...  Just getting the word out there.

[TastyChillySauce00]

I assume they are trying to wrap bitcoin in their own blockchain, kinda make sense why they trying to create a new blockchain to cater to their DEX, that is to bring a big capitalization from bitcoin directly from bitcoin blockchain.
wonder if there's disadvantage though, since bridging asset like this usually require few days to withdraw to original asset, hopefully that's not the case.

overall, pretty bullish, but I haven't tested their testnet yet,.

[tokeweed]

^  Yup, it's gonna be a wrapped version of BTC, not the real one.  But really if we ask ourselves...  When we deposit our BTC to an exchange, are we really trading 'BTC'?  Nope, we're just trading numbers in their ledger that they labeled 'BTC'.

But what I really like about this is you could bridge back aka redeem your BTC via the withdraw button, just like what we do at exchanges like Binance.

But yeah...  Bullish.  There are words swirling around that Hyperliquid will be having their own reserves in BTC. 

[Reynaldo]

Sometimes i used hyperutility bot so i can bridge from Solana and HL,  and now they have a version that can do it back and forth, most of my assets are on HYPE, Bullish on this one  https://hyperscreener.io/

[tokeweed]

^  Hyperutility bot?  It's my first time hearing about that one.  For Solana to Hyperliquid bridges there's Hybridge and recently deBridge enabled their bridge to Hyperliquid.  And it's looking good.  Most transfers are coming from Solana and Ethereum L1 to Arbitrum...  Meaning it's going to Hyperliquid as Arbitrum USDC is what Hyperliquid accepts for deposits. 

Anyway, everything is looking good for HYPE this week.  All charts of HYPE/BTC, HYPE/ETH and HYPE/SOL going up and up and breaking out. 

Any sell downs to the range 20 - 25 is a fist pump buy.

[tokeweed]

Looks like HYPE did sell down below 25 USD again.  Lolol.  I really didn't expect that one tbh.  And the funny thing is the sell down happened right after HyperEVM launch announcement.  Just out of nowhere they announced it.  It kinda feels like it's being rushed tbh.  Not that it wasn't 'promoted' or anything like that, but technically it's really hard for app developers to deploy their projects.

I wonder what's going on behind the scenes that made the team come up with the decision.  Hopefully eveything is ok and they're not getting hassled by some regulator or something.

[dansus021]

Well if this true the hyperliquid might be the next best dex, since they already gained popularity their chains is fast and cheap also I see lot of alpha also do invest in hyperliquid a lot.
If Bitcoin deposits really done well without a problem there will be other chains that can be deposited into hyperliquid as well.

just curious to ask did the testnet incentivized if so can you pass me the link heheh

[tokeweed]

^  Wdym 'if it's true'?  Lol.  It is true.  You could try it for yourself.  Go to the site, connect your wallet and click deposit then choose BTC.

And it's been ok so far as I've never really heard any complaints...  And yeah, ETH and SOL are coming next.  But other than that, there were no other alts planned to be added.  But we'll see.

And no, the test isn't incentivized.  And even if it was, it's long past that stage now.  Season 1 and 2 points seasons already happened for perps and spot trading.  There's another season rumored but that might be for using the HyperEVM and for staking.

[GreatArkansas]

I was curious about Hyperliquid, as I saw it gained a lot of volume a few weeks ago. The bridged TVL is interesting even though there are still few DeFi platforms to that chain.
I don't want this to be another chain like only good at the beginning, "ethereum killer', "solana killer", "next big thing".
Like this chain is good for trading - DEX, but DEXs already exists in multiple chains we have now, what we need is something new that will stand over other chains.

[tokeweed]

^  They have a great product with their perp exchange.  If you're a trader who's comfy in using leverage and doesn't want to go through the hassle of uploading your docs for KYC, then Hyperliquid is def for you.  They also have a spot market, but it's mostly dead for now.  The only thing worth trading there at the moment is HYPE...  And that even isn't doing so well as of late. 

But yeah...  The whole market is choppy and prolly will be so til the end of the month and the start of March.  This sucks.  Hope we get back to bull mode soon.

[tokeweed]

Changed the thread title to the more traditional altcoin speculation title... 

Anyway for airdrop farmers, you guys should start paying more attention to the HyperEVM as points campaigns have started  in different HyperEVM protocols like Hyperswap, Hypurrfi, Hyperlend and a few more projects.  And it's not just that...  Word on the street is Hyperliquid points season 3 will be based on your activity in HyperEVM. 

But dunno tho.  NFA and stay safe out there.

[tokeweed]

Kitten Swap is gonna airdrop 30% of the supply to early users of the protocol and Mechacats NFT holders.  Not really sure how many tokens for each tier is for the airdrop but the Mechacat NFTs went from around 2 HYPE to now 15 HYPE in like 5 days or something.  Lol.  So it's prolly decent.  But we'll see...  The actual airdrop announcement will be made tomorrow.

Can't wait...  Hope it's good and hope they airdrop to HYPE stakers too.  

Anybody here playing around Hyperliquid?  I feel like the alt section of the forum is dying.  I feel like guys here either went broke or have become BTC maxis.

[hyudien]

Kitten Swap is gonna airdrop 30% of the supply to early users of the protocol and Mechacats NFT holders.  Not really sure how many tokens for each tier is for the airdrop but the Mechacat NFTs went from around 2 HYPE to now 15 HYPE in like 5 days or something.  Lol.  So it's prolly decent.  But we'll see...  The actual airdrop announcement will be made tomorrow.

Can't wait...  Hope it's good and hope they airdrop to HYPE stakers too.  

Anybody here playing around Hyperliquid?  I feel like the alt section of the forum is dying.  I feel like guys here either went broke or have become BTC maxis.

It seems that you are in a pretty ideal position to receive an allocation, I hope you are eligible my friend. Honestly I am one of the people who realized the Hyperliquid project late. Since its emergence because it had to have capital for farming (if I am not mistaken) at that time I was not holding cold money. Hyperliquid became one of the biggest airdrops ever, early adopters were like being slapped with wads of money.

[Odusko]

Bitcoin is coming to Hyperliquid.    At testnet, there's a deposit option to use testnet BTC.  So for us who are mostly BTC first above everything else but wants to degen some coins away, then this could prove very useful and easy to use.  

Btw the 'deposit button' is really a bridge that works like you just deposited your coins to an exchange.  The bridging part is now getting blurred.

So yeah...  Just getting the word out there.

But confused about what all this is aimed at I was thinking if it service is like that of an exchange where we can exchange Bitcoin for whatever coin we wish but I see bold deposits and not nothing said about withdrawal whether we can withdraw our BTC back into whatever wallet we wish and having them exchanged or what are we going to be getting back after deposits BTC?
A lot is needed and hope the ops will come by to answer them all.

[tokeweed]

^  Wut?  Before you make any comments, read the docs.  And c'mon bro...  I know you're posting for your sig campain, nothing wrong with that but at least do your research before making it look like something is 'wrong'.

https://docs.hyperunit.xyz/

Anyway, I'm hearing from the devs that ETH and SOL are next to be added in Hyperliquid spot.  Could be huge as from what I've been hearing, some guys in Ethereum and Solana want to get into other L1 projects.  Right now there's HYPE and S.  Maybe BERA could be good too.

[malcovi2]

im just waiting smart contract when people can create their own meme coins, It would create more demand for the Token.

[passwordnow]

I am lowkey following this project, I've looked upon its platform and interesting to its HYPE token. I'm not trying to give some negative energy here but how low do you think it would go? I'd probably trade some of my altcoins for HYPE if it could low for more. But I haven't got any price for it as of now. TVL and staked HYPEs are a lot and it only means one thing, there is so much to believe on this project.

[tokeweed]

^  HYPE price speculation aside, the perps product by itself is very good.  If you like trading perps and wanna do it in a DEX or would be DEX then Hyperliquid is the place for you.  Right now, I gotta be honest, it's still centralized.  But centralized not like Binance.  The HL devs are aiming for decentralization but they're doing it from the other side rather than starting it all being decentralized right of the bat.

Anyway, you should look into it.  But be careful before you commit a huge amount of your money in HYPE.  Not sure what's going on but there are talks swirling around that a couple of big exchanges are attacking it by forcing liquidation of their own short positions for Hyperliquid to take it, then place long positions in their exchanges to pump the price and squeeze Hyperliquid out.

I'll looking into it more later.

[passwordnow]

^  HYPE price speculation aside, the perps product by itself is very good.  If you like trading perps and wanna do it in a DEX or would be DEX then Hyperliquid is the place for you.  Right now, I gotta be honest, it's still centralized.  But centralized not like Binance.  The HL devs are aiming for decentralization but they're doing it from the other side rather than starting it all being decentralized right of the bat.

Yeah, the platform and service itself is promising. This isn't a shill, I may not be the best look out and reviewer but that's my personal opinion. I am also looking at the numbers and that speaks for its own truth.

Anyway, you should look into it.  But be careful before you commit a huge amount of your money in HYPE.  Not sure what's going on but there are talks swirling around that a couple of big exchanges are attacking it by forcing liquidation of their own short positions for Hyperliquid to take it, then place long positions in their exchanges to pump the price and squeeze Hyperliquid out.

I'll looking into it more later.

I'm not into futures though but I'm thinking of incentivizing the potential of it by just holding it through staking. But thanks, I should really study more on it and will wait for a little longer if there will be more discount or if I'd miss the dip that it's currently have.

[tokeweed]

^  Yeah here's what happened with Hyperliquid yesterday.

https://www.blocmates.com/news-posts/whale-plays-hyperliquid-jelly-pump-sparks-10m-loss-binance-joins-the-battle

It's a bunch of manipulation and shadiness that happened from Binance's side as it looks like Hyperliquid is getting more traction and Binance could prolly feel it's starting to be a threat.  Dunno tho.  But it's funny how it all jives together.  

Just last month CZ was tweeting stuff like 'don't trade on hype, trade on knowledge'...  Lol.  I mean what is that other than an apparent jab at Hyperliquid?  Guys at CT are getting mad in support for Hyperliquid.

Stay safe out there guys.  The market sucks.