This New DeFi Exchange Flipped Robinhood's Volumes

While everyone loses their minds when the market inevitably dips, I use it as an opportunity to find the best trades.

This week, my new highs list was empty - except for one name quietly breaking out before the rest:

Hyperliquid $HYPE

I was pounding the table on this one at $30 to my members. Now it’s over 70% higher and breaking out yet again.

Hyperliquid has done what other DeFi exchanges have struggled to do: scale.

They've built their own blockchain, while others in the space like Uniswap are built over existing blockchains like Ethereum. That means Hyperliquid is purpose-built to handle a large amount of trading volumes incredibly effectively.

Reportedly, Hyperliquid is doing over $300B in volumes every month - exceeding Robinhood. In addition, they're also reportedly generating over $1B in annual revenues with a team of just 11 people. For context, Coinbase generated over $6B in revenues for the 24FY with 4,200 employees.

What's more is that they claim their Bitcoin and Ethereum futures markets are larger than the CME; the largest regulated derivatives exchange in the world, with billions in institutional flow.

It sounds too good to be true, right?

That's because it is; I think these numbers are bullshit.

They're not providing audited financial statements, nor are they registered with FINRA, so they'll be significantly overstated.

But as much as I think these aren't the real numbers, what matters is that everyone else does. As a result, it's generating a lot of mindshare that could continue to drive the token higher. And not to mention I genuinely think the Hyperliquid platform is great, especially for DeFi standards.

Here is how I want to trade this, right now.