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.

1/ NOW LIVE! The Block’s new report “Strategic Selection: A Practical Guide to Choosing the Right Market Maker” provides a comprehensive framework for token projects and exchanges evaluating liquidity partners. Thanks to @Auros_global for commissioning the report!

Excited to support @katanaperps on their official launch Katana Perps is a pivotal part of the @katana ecosystem and we are honored to be a part of this journey

gm NYC

Feel like these days people forget to price in resilience and reliability for DeFi protocols For perp dexs in particular, it’s essentially the status quo to get to X amount of volume, Y OI as quickly as possible and ship to tge ASAP such that each “point” is proportionally worth a lot more Somewhat mind boggling to me that a perp dex that has existed almost as long as Hyperliquid and consistently among the top in volume and OI is currently trading 50m FDV, but that is beyond me Anyways, congratulations to @fiddybps1, @noncesensicalll, and team on the tge. Despite the ups and downs, this team has grit. To all the shizopunks, Dave believers, and all other @paradex users out there, happy tge day

Wen Squeeth

Conversations from #ConsensusHK2026 around market infrastructure are still resonating. 🌐 Over 11K builders gathered in Hong Kong, and @Auros_Global was right in the mix with Main Stage presence and critical liquidity discussions.💬 1/5

The devil is in the details Some fair points raised by @malekanoms - big announcements with plenty of buzzwords feel like the norm these days I for one would love to see some delivery You’ve talked the talk, now let’s see you walk the walk @NYSE

Institutional demand is on the rise in crypto but is the liquidity there to support this shift? Our Chief Commercial Officer @0xjatkins was recently featured on @CoinDesk where he highlights why institutional-grade liquidity is critical for the next phase of market growth coindesk.com/markets/2026/01…

USD1 Limit Orders are now on @solana. @Titan_Exchange is launching Limit Orders, starting with select USD1 pairs. Trade over the next 2 weeks as part of a limited-time trading campaign featuring USD1 incentives. USD1 Szn is just beginning. ☝️

Today we are excited to support @Titan_Exchange @worldlibertyfi on their limit orders launch Efficient on-chain limit orders are live on @solana Check them out here titan.exchange/swap

Privacy and verifiability are not mutually exclusive Anyone who does not understand that in 2026 is still stuck in 2016

Some big moves @DeriveXYZ and glad to see more adoption of @nativemarkets $USDH Still very early for defi options and can’t wait to use my $USDH as options collateral

Perpetuals futures on any traditional asset will soon be the norm Earlier this year I crossed paths again with @brettharrison highlighting some projects pushing this frontier in an X article Today we are proud to support the @Architect_Fi strategic raise