以下部分引用 AI 总结，现阶段 AI 仍然有幻觉。请以内容的原文为准。
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Hyperliquid
34 atoms · 跨 17 天 · 首见 2026-04-24 · 最近 2026-07-01
三色: 🟦 fact 12 · 🟥 take 22 · stance ▲13/▼10/◆3
叙事状态: 🍂 fading (退潮) · 💤 沉寂 · 策展近14d 0 atom · 🐦 X 近14d 1
状态只算低频策展源 (群/卖方); X firehose 仅作背景音量
来源: X 34
时态: fresh:32 · aging:1 · stale:1
标签: 好观点:15 · 好数字:11 · 好思考:4 · 好信源:3 · 好问题:2
🟨 AI 综合 · junior analyst 概览
展开 AI 综合 (灰色 · 非市场结论 · 点击数字溯源到原 atom)
model: deepseek-chat · 2026-07-12 · 默认折叠
Hyperliquid 被 CEO Jeff Sprecher 称赞“比纳斯达克还大”，其业务资产轻且人均利润超 $80M，年化 FCF yield 达 8%
¹¹¹¹。当前市值约为 Anthropic 当日融资额的 1/4，SPCX 永续合约清算量 $14 亿且 priority fees 达 $50k/天
¹¹¹。但质疑者指出其下单慢 600ms、交易对平台有利才成交，且每笔交易去币安对冲，被形容为“貔貅盘”
¹¹¹¹。观点分歧还在于：有人预测其将经历 gamma squeeze 并最终超越 Solana 估值，而批评者称其 1000 项中心化技术决策无法适配去中心化，且已落后竞争对手许多步
¹¹¹。
🧭 拥挤度 (一人一票): ▲ 6 位作者 (KOL6) vs ▼ 3 位作者 (KOL3)
⚖️ 多头 6/6 来自KOL
🟦 客观事实 (facts) (12)
- <a id="atom-3adf8682169c4d03"></a>🟦 2026-06-16
X·@MoodyWriter13 · SPCX 永续合约清算量 · 清算量
Hyperliquid is clearing $1.4 billion in SPCX perpetual futures on SpaceX
tags: 好数字 · → daily
value: date=2026-06-16 · qty=$1.4B
- <a id="atom-277686d07b238cc8"></a>🟦 2026-05-31
X·@based16z · priority fees per day · 营收
Also hyperliquid priority fees at 50k/day so far
tags: 好数字 · → daily
value: qty=50k · dir=/day
- <a id="atom-f97538501ce57c89"></a>🟦 2026-05-28
X·@based16z · 市值约为Anthropic当日融资额的1/4 · 市值/融资
BBG: Hyperliquid market cap reaches almost 1/4 of the money Anthropic raised today
tags: 好数字 · → daily
value: direction=≈1/4
- <a id="atom-5d59efe704a5c53a"></a>🟦 2026-05-18
X·@based16z · FCF yield on circulating supply · 现金流
it's 8% fcf yield on circ as of last wk
tags: 好数字 · → daily
value: qty=8% · date=as of last week
- <a id="atom-9a825925239ae2fc"></a>🟦 2026-05-18
X·@based16z · revenue per circulating supply relative to Solana · 估值对比
on a revenue/circ basis if annualizing td it'd be about ~100x cheaper than solana
tags: 好数字 · → daily
value: direction=about 100x cheaper than Solana on annualized revenue per circ
- <a id="atom-77741a11b1532eee"></a>🟦 2026-05-18
X·@based16z · revenue per circulating supply relative to Ethereum · 估值对比
on a revenue/circ basis if annualizing td it'd be about ~100x cheaper than ethereum
tags: 好数字 · → daily
value: direction=about 100x cheaper than Ethereum on annualized revenue per circ
- <a id="atom-7b633e39ba42a070"></a>🟦 2026-05-17
X·@tailrisked · reached all-time high · 价格动态
hyperliquid ath
tags: 好数字 · → daily
value: date=2026-05-17
- <a id="atom-a44b06eb3f798b85"></a>🟦 2026-04-24
X·@deedydas · 人均利润 · 盈利能力
Hyperliquid ($80M+ profit/emp)
tags: 好数字 · → daily
value: qty=$80M+
[图: 一张展示全球人均利润/人均营收最高的公司排行榜表格 — Hyperliquid人均利润: $81.8M; Tether人均利润: $33.3M; Jane Street人均利润: $8.0M; Nvidia人均利润: $2.9M; Jane Street员工数: ~3,500]
📷 原图
- <a id="atom-3dfeb2b44c92d114"></a>🟦 2026-06-17
X·@MoodyWriter13 · 监管状态 · 监管政策
Hyperliquid is unregulated. There is no comparable regulatory oversight or supervision.
tags: 好信源 · → daily
value: date=当前
- <a id="atom-c8438e7e6b4e12fa"></a>🟦 2026-05-26
X·@Sino_Market · rolls out validator-governed prediction markets for real-world events · 产品发布/技术路线
Hyperliquid rolls out validator-governed prediction markets for real-world events
tags: 好信源 · → daily
📷 原图
- <a id="atom-74a99399ed17a01a"></a>🟦 2026-05-05
X·@gimduha77994334 · 三星电子永续合约支持 · 产品发布/融资
Hyperliquid supports Samsung Electronics perpetual futures
tags: 好思考 · → daily
[图: Hyperliquid交易平台上的SAMSUNG-USDC永续合约日线价格走势及成交量图表 — Mark Price: 179.12; Oracle Price: 178.90; 24h Change: +15.57%; 24h Volume: $2,337,456.27]
📷 原图
- <a id="atom-65ce71096432a502"></a>🟦 2026-05-05
X·@gimduha77994334 · SK海力士永续合约支持 · 产品发布/融资
Hyperliquid supports SK Hynix perpetual futures
tags: 好思考 · → daily
[图: Hyperliquid交易平台上的SAMSUNG-USDC永续合约日线价格走势及成交量图表 — Mark Price: 179.12; Oracle Price: 178.90; 24h Change: +15.57%; 24h Volume: $2,337,456.27]
📷 原图
🟥 多头 takes (bullish) (10)
- <a id="atom-d292a31081d543ec"></a>🟥 2026-07-01
X·@MoodyWriter13 · perpetual futures threat to listed options · 竞争格局
I still struggle to understand why the market suddenly believes perpetual futures and Hyperliquid fundamentally threaten these businesses. ...Perps are primarily leveraged trading instruments. They are not a substitute for the risk management, hedging, and portfolio construction functions that standardized listed options provide.
tags: 好思考·好观点 · → daily
📷 原图
- <a id="atom-e5a7f250019af62f"></a>🟥 2026-05-28
X·@TheOneandOmsy · CEO Jeff Sprecher 称赞 · 竞争格局
Jeff Sprecher, founder and CEO of $ICE (owns the NYSE) on Hyperliquid: "This Hyperliquid that we're talking -- if you haven't heard about it, it's bigger than NASDAQ, okay? It's 11 people."
tags: 好信源 · → daily
📷 原图
- <a id="atom-f3d0ad65400fea2c"></a>🟥 2026-05-05
X·@based16z · EBITDA · 盈利能力
Its $1b ebitda find a private ai lab with that
tags: 好数字 · → daily
value: qty=$1B · direction=approximately
- <a id="atom-0013972a60613bb9"></a>🟥 2026-05-04
X·@based16z · 收入利润率 · 盈利能力/营收
Hyperliquid and tether both do more revenue per employee than anthropic and are profitable
tags: 好数字 · → daily
value: qty=> Anthropic · direction=higher
- <a id="atom-e3b64a51b751b319"></a>🟥 2026-05-18
X·@based16z · business is asset-light · 盈利能力
don't we miss asset light businesses
tags: 好思考 · → daily
value: direction=implied yes (asset-light)
- <a id="atom-4153035bca4a2b0b"></a>🟥 2026-05-30
X·@Globalflows · gamma squeeze 预测 · 仓位情绪/价格动态
Hyperliquid Strategies ($PURR ) will have a gamma squeeze in the next 60 trading days (similar to GameStop)
tags: 好观点 · → daily
value: qty=60 · date=next 60 trading days
📷 原图
- <a id="atom-8ded8b006ff03c88"></a>🟥 2026-05-20
X·@zoomerfied [老旧] · valuation flip Solana · 市值排名/竞争格局
HYPERLIQUID FLIPS SOLANA IN VALUATION: MARKET
tags: 好观点 · → daily
- <a id="atom-ee6f698f77aa871a"></a>🟥 2026-05-20
X·@based16z · valuation flip after 4-5x · 市值排名/估值提升
It will flip after a 4-5x from here
tags: 好观点 · → daily
- <a id="atom-b247260a1b56d298"></a>🟥 2026-04-29
X·@0xkyle_ [老化中] · 只有token可做多 · 技术路线_
How do I get exposure to this in stocks? I have to buy the token
tags: 好观点 · → daily
- <a id="atom-5e6208649d26d55d"></a>🟥 2026-05-20
X·@based16z · What's Hyperliquid? · TAM/技术路线
What’s hyperliquid? Imagine if Ethereum or Solana were successful
tags: 好问题 · → daily
🟥 空头 takes (bearish) (10)
- <a id="atom-9ef8c0e5b4f1c6f2"></a>🟥 2026-05-29
X·@KyleSamani · centralized technical decisions won't work permissionless · 技术路线/竞争格局
has made 1000s of technical decisions that work well in a centralized setting and won’t work at all in a permissionless decentralized one
tags: 好观点 · → daily
- <a id="atom-1cb4a1ac140d621c"></a>🟥 2026-05-29
X·@KyleSamani · many steps behind competitors · 竞争格局
And now they’re many steps behind
tags: 好观点 · → daily
- <a id="atom-8a7566e8925ebdc0"></a>🟥 2026-05-29
X·@KyleSamani · no real American company will ever work with them · 合作客户/竞争格局
no real American company will ever work them now
tags: 好观点 · → daily
- <a id="atom-33a5d00707c4c579"></a>🟥 2026-05-13
X·@bboczeng · 下单慢600ms · 技术路线/交易机制
hyperliquid 很坏，下单要慢600ms
tags: 好观点 · → daily
- <a id="atom-2ce0ebca8ce707c0"></a>🟥 2026-05-13
X·@bboczeng · 交易对平台有利才成交 · 交易机制/竞争格局
而且如果交易对他有利就成交，对你有利就交易失败
tags: 好观点 · → daily
- <a id="atom-44098e1216106b74"></a>🟥 2026-05-13
X·@bboczeng · 每笔交易去币安对冲 · 交易机制/竞争格局
任何一笔交易他们都去币安对冲
tags: 好观点 · → daily
- <a id="atom-a333fcf7ac3341ab"></a>🟥 2026-05-13
X·@ShanghaoJin · 被称为貔貅盘/街边赌档 · 竞争格局/技术路线
貔貅盘，街边赌档
tags: 好观点 · → daily
- <a id="atom-0ec12258967ad122"></a>🟥 2026-05-13
X·@ShanghaoJin · 项目方做市将用户订单搬去币安 · 交易机制/市场操纵
他们有项目方做市把你的订单搬去 Bn
tags: 好观点 · → daily
- <a id="atom-ad37e2fb24cb91bb"></a>🟥 2026-05-13
X·@ShanghaoJin · 刷单用户可能参与割韭菜 · 交易机制/竞争格局
交钱（刷交易量）可能参与项目方一起割韭菜
tags: 好观点 · → daily
- <a id="atom-d1806e25ca8dcac3"></a>🟥 2026-05-13
X·@ShanghaoJin · 选择性成交并给用户600ms延时 · 交易机制/市场操纵
所有其他人全是韭菜，选择性给你成交。给你搞600ms延时
tags: 好观点 · → daily
🟥 中性 takes (neutral) (1)
- <a id="atom-7baea77eec0948f3"></a>🟥 2026-05-25
X·@dampedspring · 总市值 · 市值/仓位情绪
At a 14BN total market cap I wouldn't be surprised if this thing tripled or halved in the next 3 months.
tags: 好数字 · → daily
value: qty=14BN · currency=USD
⏱ 时间轴 (近 20)
- 🟥 2026-07-01 ·
narrative · perpetual futures threat to listed options · → daily
- 🟦 2026-06-17 ·
fact · 监管状态 · → daily
- 🟦 2026-06-16 ·
fact · SPCX 永续合约清算量 · → daily
- 🟦 2026-05-31 ·
fact · priority fees per day · → daily
- 🟥 2026-05-30 ·
forecast · gamma squeeze 预测 · → daily
- 🟥 2026-05-29 ·
narrative · centralized technical decisions won't work permissionless · → daily
- 🟥 2026-05-29 ·
narrative · many steps behind competitors · → daily
- 🟥 2026-05-29 ·
forecast · no real American company will ever work with them · → daily
- 🟦 2026-05-28 ·
fact · 市值约为Anthropic当日融资额的1/4 · → daily
- 🟥 2026-05-28 ·
narrative · CEO Jeff Sprecher 称赞 · → daily
- 🟦 2026-05-26 ·
fact · rolls out validator-governed prediction markets for real-wor · → daily
- 🟥 2026-05-25 ·
narrative · 总市值 · → daily
- 🟥 2026-05-20 ·
position · valuation flip Solana · → daily
- 🟥 2026-05-20 ·
forecast · valuation flip after 4-5x · → daily
- 🟥 2026-05-20 ·
narrative · What's Hyperliquid? · → daily
- 🟦 2026-05-18 ·
fact · FCF yield on circulating supply · → daily
- 🟦 2026-05-18 ·
fact · revenue per circulating supply relative to Solana · → daily
- 🟦 2026-05-18 ·
fact · revenue per circulating supply relative to Ethereum · → daily
- 🟥 2026-05-18 ·
narrative · capex question asked · → daily
- 🟥 2026-05-18 ·
narrative · business is asset-light · → daily
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