With Native Markets, we set out to create a stablecoin platform for Hyperliquid that stopped value leakage from its ecosystem and minimized its third party dependencies. These goals are achieved with the formalization of USDC as an AQA. Today’s announcement marks what I view to be the biggest win for Hyperliquid to date, unlocking meaningful additional annual revenue for the Assistance Fund, as well as allying the network with the strongest force in American crypto policy. It’s incredibly vindicating to see industry leaders recognize a thesis that few of us believed just a short time ago. I want to thank all of the builders who took a chance on USDH, as well as to give a special shout out to @mclader. It’s been a privilege working with her on USDH, and for all of us HYPE holders, we can be grateful to have her in our corner. Our blog post below walks through the timeline for sunsetting USDH over the coming months. We’ll be in touch with builders and partners who have questions, especially those navigating spot and perp order book migration.

Threadguy reveals Hyperliquid was the only venue on earth that didn't break during the SpaceX IPO "What Hyperliquid pulled off on the SpaceX pre-IPO was absolutely incredible. So much volume, so much OI, the market was so liquid, and it predicted the price almost perfectly. The last quote that came out was 150, and within 10 minutes of the IPO it was at 175. It was wild how accurate it was." "And here's the crazy part. The moment the IPO went live, Robinhood was down, Coinbase was down, Bybit had to refund everybody that participated, Binance had to refund everybody that participated, and Hyperliquid was the only venue on the planet with absolutely no problems. Very impressive tech performance on the biggest IPO in history."

Nothingburger article bloomberg.com/news/articles/… Hyperliquid

Reminder: @Markets_xyz will be settling from June 10th to June 17th. @felixprotocol Markets will be settling from June 19th to June 20th. If you hold USDH from closed positions in these markets, you may convert to USDC 1:1 with no fees via @AcrossProtocol

*CITRINI DISCLOSES NEW HYPERLIQUID ETF LONG TO SUBSCRIBERS $BHYP

Pre-IPO markets are live. SpaceX. Anthropic. OpenAI. Tradeable on Hypernova. Funded up to $200k.

$SPCX BREAKS ABOVE $180 ON HYPERLIQUID

The following USDH listings on @Markets_xyz have been settled and delisted. GOOGL AAPL PLTR BNMR TSLA USENERGY

Perpetuals are now live on fomo, powered by @HyperliquidX and @tradexyz. Equity, pre-IPO, crypto, indices, and commodities perps, all from one app. See you on the leaderboard. Trade perps on fomo today.

New $PURR update. From May 28 - June 4, $PURR raised $231M from their ATM. With that, $173M was used to buy 2.56M $HYPE and $57M was saved as cash on hand They have $199M cash as of last Thursday and have issued nearly half ($490M) of the initial $1B ATM Hyperliquid

you know it's dire out there when the dot hls start shilling you $FHZN

Hyper liquid active and weekly users now above 200,000

Another fantastic dashboard from hl.eco and relates to our Hyperliquid Thesis Part II report evaluating HIP-3 against TradFi volume for equities, indicies and commodity markets (ETFs, futures & cash equities). As you can see below commodity markets on HIP-3 such as Silver and Copper are executing >10% of total volume compared to TradFi. What it does demonstrates is that perpetuals are becoming a dominant instrument for traditional markets and in fact is the only instrument that is facilitating price discovering when markets close.

Another big week for Hyperliquid. SpaceX is by far the largest pre-IPO market, averaging $51M/day vs CBRS at $4M/day and QNT at $3M/day during their pre-IPO phases. If launch day mirrors prior TradeXYZ IPOs, volume could clear $1B, with estimates ranging from $1.1B to $3.6B .

Coinbase has recently gained access to the Mythos preview. We will continue to use the latest AI models to harden the security of our systems and the Open Source Software we use.

Over 60 founders and CEOs including @chameleon_jeff signed a letter today urging the Senate to pass the Clarity Act with strong developer protections. Most important: the Banking Committee's bipartisan Blockchain Regulatory Certainty Act. There is no clarity without the BRCA.

Hypernova payouts settle on-chain in seconds. → Account state is recorded by smart contract → Traders authorise payouts with their own wallet → Funds settle from our public reserve $137k paid · 6s avg · 2.4s fastest $867k public on-chain reserve Verifiable, not promised.

We're kicking off the USDH → USDC collateral migration tomorrow. Starting June 10th, we'll begin winding down existing markets and settling open positions at mark price, working from least to most active over the coming days, ahead of the full transition to USDC. The final day to migrate will be June 17th. If you're holding positions: every close settles at mark. We'll post the schedule below have daily reminders before each batch so nothing catches you off guard. USDC deployment relisting of core markets is imminent, and details will be shared soon. Full Market Settlement Schedule below.