Core Insights - The article discusses the strategic approach taken by a company to exploit arbitrage opportunities between HyperEVM and Hyperliquid, particularly focusing on the HYPE token and its price discrepancies [2][3][4]. Market Conditions - In March 2025, the cryptocurrency market was facing significant challenges, prompting the company to seek new opportunities, particularly with 40% of HYPE tokens yet to be distributed to the community [2]. Arbitrage Strategy - The company identified price discrepancies between HyperEVM and Hyperliquid due to HyperEVM's block time of 2 seconds, leading to potential undervaluation or overvaluation of HYPE [3][5]. - Initial trading strategies involved executing trades on HyperEVM when HYPE was undervalued and hedging on Hyperliquid, resulting in daily trading volumes of $200,000 to $300,000 without losses [6][7]. Competitive Landscape - The company recognized two competitors engaging in similar arbitrage activities but aimed to outmaneuver them by leveraging a staking feature introduced by Hyperliquid, which allowed for a 30% rebate on trading fees [8][9]. Volume and Profit Growth - The company achieved over $500 million in trading volume, significantly outperforming competitors and generating daily profits ranging from $20,000 to $120,000 [9][10]. Operational Challenges - As trading volume increased, the company faced operational bottlenecks due to gas limits on HyperEVM, which restricted the number of arbitrage transactions per block [11][12]. - To address these challenges, the company implemented strategies such as using multiple wallets for independent transaction submissions and dynamic gas control to optimize trading efficiency [13]. Optimization Techniques - The company shifted from being a taker to a maker in trades, allowing for capturing more price fluctuations and reducing transaction fees, which enhanced net profits [16][21]. - New parameters and logic were introduced to manage trading positions effectively, minimizing imbalances and optimizing profit margins [18][21]. Innovations in Trading - The introduction of perpetual contracts for HYPE trading provided additional arbitrage opportunities and generated approximately $600,000 in funding fees, further enhancing profitability [24][26]. Collaboration and Development - The company emphasized a collaborative approach in developing trading algorithms, with distinct roles in coding and strategy configuration, leading to continuous optimization and adaptation to market changes [27][28].

Airdrop Opportunities - Top mentions include Yeet (crypto casino, volume-based), Lighter (perps, volume-based), Abstract (L2, XP-based), Polymarket (prediction market), Opensea (marketplace, volume and quests), and Vooi (Perps/DEX, InfoFi campaigns) [1] - Honorable mentions include Myriad Markets, Aster, and Cerebro [2] - Limitless (prediction market, volume and InfoFi campaigns), Project X (DeFi, volume and invites), and Wallchain (InfoFi, participation-based) are considered underfarmed Q4 airdrops [2] Airdrop Mechanisms - Airdrops are primarily based on volume points, XP, quests, and participation in InfoFi campaigns [1][2] - Volume points are a common metric for airdrop eligibility in crypto casinos, perps, and DeFi projects [1][2] - InfoFi campaigns and participation are also key factors for airdrop eligibility [1][2]

Dude.These new custom PnL cards from Project X are ridiculous.My XPL cross-chain buys this morning absolutely printing...and now I can flex with it too. https://t.co/cIhmZu17te ...

Project X Phase 2 is live.Lambo and Bobby are two of the best in the world at building out exciting, joyful product experiences in crypto.Phase 2 brings 0% fee trading on *ANY* coin in all of crypto.Go read the thread. It's remarkable what they've built.Hyperliquid (go use my reflink below if u luv ico)Project X (@prjx_hl):Phase 2 is live!Trade any coin in crypto with 0% fees.More info below 👇 https://t.co/fRFi6SwjT9 ...

Integrations & Partnerships - Mercury App now features full native integration of Project X, enabling users to LP (liquidity provide) and potentially other features on the go [1][2][3] - Mercury has integrated Hypercore and HyperEVM into a single application [2] - Mercury is pulling in many partner integrations, suggesting a wide range of features and options for users [2] User Experience & Features - Mercury offers a casual-user friendly experience with simple higher/lower trading choices [2] - Deposits are easily managed via card or crypto [2] - Perps (perpetual futures) integration is noted as "slick" [1]

if you somehow haven't yet used Hyperliquid: https://t.co/cYhy4eYY1Yif you still haven't hopped on Project X yet use this for bonus 10% on points: https://t.co/3o7fFEPA8S ...

Proof of Doing: (08.14.2025)As part of my gig with @MercuryappHL, I got to take a look at an early release of their beta app 👀👀Today I’ll share some of what I saw and then some commentary/thoughts and what I’m hoping to see more of in the full release - mobile screenshots at the bottom to see what some of the UI looks like :)I've also got a few early access codes to share!----------------------------------------------Off the top - the app is reallllly smooth. I *hate* PWAs, so it being iOS native is a huge ...

Project Overview - Project X is coded, indicating a development or launch phase [1] - Hyperliquid is mentioned, potentially as a platform or partner related to Project X [1] Marketing & Community Engagement - Project X distributed $10 thousand worth of $kHYPE to viral creators [1] - This distribution is referred to as "Experiment 1", suggesting a series of marketing initiatives [1] Financial Implication - The distribution of $10 thousand in $kHYPE represents an initial investment in marketing and community building [1]

Project Overview - Project X is live, aiming to be the best trading platform across the entire EVM ecosystem [1] Platform Focus - Focus on trading within the EVM (Ethereum Virtual Machine) ecosystem [1]

Project Analysis - Project X's reference code promotion on the timeline is excessive [1]