degen
@degen24.eth
Started using Hyperliquid to hedge and lock in airdrops profit since the end of last year ~ At that time, HL was just a perp DEX on Arbitrum, known for quickly listing trending tokens and pre-tokens. In the past year, TVL has grown from $15M to $700M, and the project has expanded from a single perp market to offering spot issuance and trading, eventually extending to L1. Starting with a high-frequency trading perp DEX to gather users, the platform then expanded from an application chain to a Layer1. Recently, dApps surrounding HL have started to appear~ #Hyperliquid
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degen
@degen24.eth
[Team and Public Funding Background] The team likely consists of around 15 members, with the founding team coming from the top high-frequency trading firm Chameleon Trading, and they have not accepted any VC funding.
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degen
@degen24.eth
[Perp DEX Mechanism and Model] 1. Orderbook+HLP Vault(LP users gain 100% of trading fees); 2. Fast listing of trading tokens and pre-tokens; 3. Excellent API functionality, attracting quantitative traders; 4. HIP-1(token standard), a standard for issuing spot tokens, aiming to incubate small and refined dApps; 5. HIP-2(liquidity solution), enables the acquisition of initial liquidity based on HL's liquidity and algorithms.
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degen
@degen24.eth
[Layer 1 Chain] 1. Started as a high-frequency trading application chain, then expanded to L1, forming an ecosystem; 2. High performance: TPS reaching 100k. Can anybody knowledgeable explain how this TPS is achieved?
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degen
@degen24.eth
[Ecosystem] Recently, some dApps based on HL have started to emerge, including Telegram bots, lending platforms, cross-chain bridges, and early-stage DeFi projects similar to Rage Trade. However, they are in very early stages, so be cautious and assess risks.
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degen
@degen24.eth
[Key Security and Decentralization Points to Monitor] 1. Progress in the decentralization of validator nodes; 2. Progress in audit transparency and open-source processes; 3. Specific setup of Finalizer arbitrators.
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