——From BTC to Ecological Applications: The Final Chapter of the Capital Penetration Trilogy Has Begun

At the moment when 21Shares officially listed the Hyperliquid ETF (trading code: $THYP) on Nasdaq, the boundary between the cryptocurrency market and Wall Street was completely blurred. This is not just the birth of an ETF, but also the coming of age for Hyperliquid, the world's leading decentralized finance execution layer, towards the "on-chain Nasdaq."

1. Narrative Reconstruction: From “Value Anchoring” to “Infrastructure Harvesting”

In the past two years, the pathway for capital entering the cryptocurrency market has been clear: first Bitcoin (value storage), then Ethereum (smart contract underlying). Now, Wall Street is beginning to skip the intermediary steps and directly lay out "high-performance financial infrastructure."

The logic behind 21Shares choosing Hyperliquid lies in its unrivaled profitability and technological barriers:

 

• Extreme Profitability: Hyperliquid has created annual profits in the hundreds of millions of dollars with a lean team of less than 20 people, a per capita output that is almost mythical in traditional finance.
• Absolute Market Monopoly: It has long held a majority of the open interest (OI) in the decentralized perpetual contract market, acting as a black hole for on-chain liquidity.
• Physical Layer Superiority: With its self-developed HyperCore architecture, Hyperliquid achieves sub-second transaction confirmations, completely solving the pain points of slow responses and large slippage in traditional DEXs.

2. The “Liquidity Waterfall” Brought by $THYP: Chemical Reactions in Four Dimensions

Every ETF is a massive “liquidity switch.” The launch of $THYP will bring the following qualitative changes to the ecosystem:

1. “Dimensionality Reduction Strike” on Capital Efficiency: Traditional investors buy $THYP through a securities account, while savvy funds directly use HIP-4 result contracts or HIP-3 permissionless perpetual contracts on the Hyperliquid chain for three-dimensional hedging, earning volatility profits.

2. Compliance Premium and Valuation Reshape: With endorsements from institutions like 21Shares, Hyperliquid’s valuation model is shifting from “meme projects” to “top exchange assets,” presenting huge room for catch-up.

3. Intensified Deflationary Effects: Don’t forget Hyperliquid's core AF (Auto-Fractional) auto-buyback mechanism. A majority of the protocol’s transaction fees will automatically buy back and burn HYPE. As trading volume surges driven by the ETF, this deflationary force will build a very high safety margin for token holders.

3. In-depth Comparison: Why You Should “Abandon ETFs” and Choose “On-chain Interactions”?

Although $THYP offers convenience, for investors pursuing extreme profits, the real wealth code is always on-chain:

4. Conclusion: Seize the Resonance Opportunity of “Wall Street + On-chain Finance”

As the old saying in the investment community goes: “Don’t watch what he says, watch how he buys.” Wall Street has given the answer with $THYP. Hyperliquid is not just a trading platform; it’s a rapid channel for global asset allocation in the future.

Grasp the narrative; it is better than blindly following the trend.

5. Hyperliquid: Breaking Traditional Barriers, Rapidly Allocating Core US Stock Assets

Faced with these 10 explosive core assets, the slow account opening, difficulty in fund deposit, and limited trading hours of traditional US brokers often cause investors to miss opportunities. Now, Hyperliquid provides a dimensionality reduction trading solution for global investors through its innovative on-chain derivatives mechanism.

1. Core US Stocks, All in One Thanks to Hyperliquid's powerful HIP-3 mechanism (allowing the community to deploy assets permissionlessly), most of these 10 core US stocks (such as NVDA, AMD, MU, MSFT, GOOG, AMZN, META, etc.) can now be traded directly on the platform. For example, NVDA is currently priced at around 207 USDC on Hyperliquid, perfectly synchronized with the traditional market.

2. 24/7 Trading The positive news in the AI industry often comes suddenly. On Hyperliquid, you are no longer restricted by the opening hours of US stocks. Whether it is the weekend or late at night, as long as there are market movements, you can trade and hedge at any time.

3. Long and Short Directional Trading for Maximum Capital Efficiency Hyperliquid supports perpetual contract trading, meaning you can flexibly use leverage (some assets support up to 50 times). In a determined long-term trend, you can amplify returns by going long; when facing a temporary correction, you can quickly short to hedge risks.

4. Zero KYC, Rapid USDC Settlement Say goodbye to cumbersome wire transfers and identity verification. Just connect your Web3 wallet, use USDC to start trading with one click, and all orders achieve sub-second confirmation on-chain.

The wealth code for the next 5 years has already been written on the board, and Hyperliquid is your most efficient execution tool. Now, register for Hyperliquid using the exclusive AiCoin invitation code AICOIN88 to not only experience smooth on-chain US stock trading but also enjoy 4% commission rebates permanently.

Actual operation is super simple:

Step One:

Open Hyperliquid BTC/USDC candlestick in AiCoin

Step Two: Find the toolbar and check the lightning order option

Step Three: Directly click the green “Buy Long” or red “Sell Short” → Instant transaction

Now, use the exclusive AiCoin invitation code AICOIN88 to register for Hyperliquid, and enjoy a permanent 4% commission rebate.
https://app.hyperliquid.xyz/join/AICOIN88

📖 Beginner’s Tutorial:

- “AiCoin PC-side Hyperliquid Authorization Trading Tutorial”:

https://www.aicoin.com/zh-Hans/article/514197

- “Entry-Level! Hyperliquid First Trading Ultra-Detailed Graphic Tutorial”:

https://www.aicoin.com/zh-Hans/article/510225

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