This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore. Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work. Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor. Within 3 years, he was running one of the largest anonymous crypto trading firms. Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed. Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto. Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to. Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do. In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.

These Markets are now available for trading inside the OS. 💻

HYPE Funding Database Since we have been building a database collecting funding rate, premium and open interest on all HIP3 markets and now $HYPE we have seen some interesting things like HYPE's funding stays positive 98.4% of the time. Here is an annualized chart against the mark price. Interesting correlations occur and if you are running an agent or bot, a useful trigger could be buy when HYPE funding is -5% or greater. hlos.app

We are introducing the first $HYPE Volatility Index An accurate index that measures volatility from events in real-time and now is being open sourced for other builders to add to their apps. The data is being pulled directly from the Hyperliquid Exchange. hlos.app

building another volatility index our HIP-3 vol indexes are SPOT on, so now on to build one for HYPE @__HLOS

Introducing the OS Card Tracks all activity across Hypercore and the HyperEVM. Your points balance can be redeemed for HYPE or you can transfer them into your savings, lock them, adding a boost to the points you earn in the future. We have @HyperliquidX and @prjx_hl installed, this week we will be working on installing @ryskfinance and @Kinetiq_xyz to increase your ability to earn points inside the OS. (Plenty more apps coming) Whether debating if Hyperliquid, TradeXYZ, Unit etc. will have an airdrop we are bringing that into reality. All of those markets are tradable inside the OS, so if they do have one you have just aggregated your farming. 70% of all OS fees will be held inside our builder address wallet for the duration of the points campaign. At the time of TGE that 70% will be used as liquidity for our token. After our TGE that 70% will convert to token buybacks. Hyperliquid

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.  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.

Mobile Is Live! 📲 Early users can now earn points, level up and unlock badges right in the palm of your hand. The first week of earning points has officially started and will last for 28 weeks. If you would like early access please reach out to us! HyperEVM’s next cook incoming 📸

Hey @Outcomexyz love the UI but we will take it from here. HIP-4 ready when you are 🐱

Audit Passed ✅ At the intersection of AI and Security, we come to the conclusion that humans still need to be in control. Imagine giving a group of talented engineers the superpower of AI, by default it accelerates. MANY thanks to the @ShieldifySec team!

Orderbook Update & HIP-3 Fills widget Orderbook for every ticker (Perp & HIP-3) now show the bars in 'size', instead of 'total'. the traditional way orderbooks display hides where key levels are. On the HIP-3 fills widget, when big orders are filled you can hover over it and it will display the address to copy and go look them up.