Hyperliquid Platform Performance & Stability - Hyperliquid experienced 100% uptime and zero bad debt during recent market volatility [1] - The platform executed its first cross-margin Auto-Deleveraging (ADL) in over two years of operation [1] - Billions of dollars worth of positions were liquidated on Hyperliquid within minutes [4][9] - Hyperliquid's design includes transparent on-chain verification of every order, trade, and liquidation [4] Liquidation Mechanisms & Risk Management - Hyperliquid's system liquidates positions that do not meet maintenance margin requirements to maintain solvency [3][4] - Liquidations are first attempted against the order book, followed by backstop liquidations via HLP (Hyperliquid Pool) [6] - Auto-Deleveraging (ADL) serves as the liquidation mechanism of last resort [7] - HLP (Hyperliquid Pool) functions as a backstop liquidator, designed to provide liquidity of last resort and maintain system solvency [5][10] HLP (Hyperliquid Pool) Analysis - HLP is structured with multi-component child vaults to manage risk effectively during liquidations [6][10] - HLP's child vaults were the largest addresses on the triggered side of ADL, absorbing significant losses [11] - Traders on the providing side of ADL against HLP's child vaults realized hundreds of millions of dollars in additional profit [11] Competitive Advantage & Philosophy - Hyperliquid does not charge liquidation fees, prioritizing system solvency over revenue extraction [10][12] - Hyperliquid emphasizes transparency and fairness in its financial system [4][13]

Market Overview - Crypto market experienced significant losses, with some top-tier coins down 185% in 24 hours and other old coins down 12+% [1] - Bitcoin down 75% daily and 8% weekly, Ethereum down 116% and 145% [2] - Some old coins experienced wicks down approximately 80% [3] - Crypto market correction of 24% is considered normal price action [8] Market Analysis & Prediction - The author bets on the current situation being a major correction before a significant market run-up [2] - Altcoin market retraced into major demand zones going back to 2024, with a single daily candle dropping 21+% [6] - Total crypto market experienced a $1 trillion loss [9][30] - The author believes the recent move should be the bottom for the market, otherwise, it could indicate a bear market [12][13] - The author expects the market to bottom sooner than most expect and then build back to the upside [41] Technical Indicators - RSI (Relative Strength Index) is close to bottom points, suggesting a potential bottom around current levels [12] - The VIX (Volatility Index) spiked 129%, marking the 51st largest spike ever, indicating investors are seeking protection [19] Trading Strategy & Advice - The author advises holding spot and having stable coins on the sidelines to prepare for market volatility [32] - The author advises against going "all out" and catching a falling knife, suggesting averaging in and waiting for confirmation of a bottom [36] - The author believes the selloff was exaggerated due to over $16 billion in liquidations [29]

Market Volatility & Fundamentals - Crypto market experienced rapid shifts due to leverage unwinding amidst global uncertainty [1] - Sonic's fundamentals remain unchanged despite market volatility [1] - Company possesses a strong balance sheet and best-in-class technology [1] Network Performance - Sonic network performed as designed with zero pending transactions [2] - Network sustained hundreds of transactions per second (TPS) for hours [2] - Network offered near-instant finality and sub-cent fees [2] - No congestion was observed across decentralized exchanges (DEXs) or infrastructure [2] Treasury Management - Company added over 30 million $S to its treasury [2] - Approximately $6 million USD was used to purchase $S directly from the market [2] - Company believes direct market purchase will deliver stronger long-term ROI than stable reserves [2] Strategic Focus - Company remains focused on building real technology, partnerships, and lasting products [3]

The crypto frontier’s wild.When markets turn volatile, the test is always the same — can you stay balanced when everything else is breaking?With real infrastructure, real resilience, and no noise, we keep it mild when the market goes wild.That’s why we made Mild Mild West. Some truths are better shown than said. ...

RT Drift (@DriftProtocol)In the past 24 hours, crypto markets experienced one of the largest flushes in recent history. This was a true stress test for risk systems across the ecosystem, including Drift.Amid this extreme volatility, Drift processed over $76 Million in liquidations across both perpetual and spot markets, incurring just $18K (~0.02%) in socialised losses and maintaining zero downtime throughout.Drift’s risk engine ensured orderly markets and user protection through prudent liquidation paramet ...

Early this morning, extreme volatility in the crypto market triggered large-scale stress tests across trading platforms. OKX CEO Star stated that the exchange’s global risk control system remained stable, with operations running smoothly across all regions and all system indicators at normal levels. Hyperliquid reported zero downtime or latency during the market turbulence, despite record-high traffic and trading volume.https://t.co/QrbFlK7lgv ...

Confidence isn’t built in calm markets. It’s proven in chaos.Our system remains rock solid - 3 ms median order latency, zero downtime, all systems normal.Volatility reveals the real ones. We’re build for moments like this 🫡🌍 https://t.co/wZOCznLaNN ...

RT Star (@star_okx)During today’s volatility, OKX’s global risk engine ran flawlessly. The platform stayed stable and smooth across all regions — all systems at normal water levels.OKX is here for you, 24/7, worldwide. 🌍💪 ...

RT Max Resnick (@MaxResnick1)Today was a resounding success for the Solana Blockchain and a vindication of the idea that you don't need a modular aproach to scale. Work done by @anza @jump_firedancer @triton_one @heliuslabs @phantom and all of the other infrastructure providers working to make Solana the #1 blockchain over the past 2 years paid off big time today.if we are grading on a curve, Solana gets an A++. If we are grading in absolute terms, there are still things to work on, and we know what those a ...

⚡️ UPDATE: Ethena Labs said USDe’s price saw volatility amid market liquidations.All mint and redeem functions remained fully operational. https://t.co/HJQWtE2VaN ...