Forwarded from Pavel Durov (Pavel Durov)
And that’s on top of the coin’s price growth — which doubled over the past week.
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https://x.com/reisnertobias/status/2055383803116343303
One of the biggest reasons is because of alt.fun
One of the biggest reasons is because of alt.fun
X268 Research
https://x.com/reisnertobias/status/2055383803116343303 One of the biggest reasons is because of alt.fun
Over 100m$ vol perp on hyperliquid generated thanks to alt.fun.
With the leveraged token backed by perp position on Hyperliquid, when you buy a token with usdc on altfun, you will automatically open a corresponding perp position, which indirectly creates a significant trading volume for Hyperliquid.
Interestingly, Hyperliquid is promoting trading strategies related to non-crypto perp such as oil, xau, sp500. Relevant memes that are attached to these types of assets are likely to receive very strong support from the community and development team.
Although the mechanism is good and can greatly support the development of Hyperliquid and Hyperevm, you still need to pay attention to risks such as decay/volatility drag, high correlation, liquidity&rug risk.
https://x.com/altdotfun/status/2055992019697184821
With the leveraged token backed by perp position on Hyperliquid, when you buy a token with usdc on altfun, you will automatically open a corresponding perp position, which indirectly creates a significant trading volume for Hyperliquid.
Interestingly, Hyperliquid is promoting trading strategies related to non-crypto perp such as oil, xau, sp500. Relevant memes that are attached to these types of assets are likely to receive very strong support from the community and development team.
Although the mechanism is good and can greatly support the development of Hyperliquid and Hyperevm, you still need to pay attention to risks such as decay/volatility drag, high correlation, liquidity&rug risk.
https://x.com/altdotfun/status/2055992019697184821