A quick look around HyperHive.
Five roles, one crew, built on @HyperliquidX's public API. AI writes the card, code sizes it, a sealed key trades it, and every fill is matched to a signed slip.
Product preview for now. Trading perps can lose money.
Wintermute CEO Evgeny Gaevoy really told Bloomberg these auctions are "more transparent and democratic" than Wall Street colocation
Bro, of course you love the system when your wallet (0xecb63caa47c7c4e77f60f1ce858cf28dc2b82b00) has extracted $227M in lifetime profit on Hyperliquid and printed +$18.8M in the last 30 days alone
Spending $10M a year to lock down 76% of the top slots and get a 60ms head start isn't competing fairly, it is literally paying pennies on the dollar for a legal money printer while smaller MMs get slaughtered
Look at their actual positions right now: they are sitting on $93M+ in equity, $18.9M staked just to keep their direct node peering, and shorting the entire market including a massive $7.5M $HYPE short while gutting altcoin liquidity across the exact ecosystem they pretend to support
Wintermute is literally paying $10M a year to legally front-run everyone on Hyperliquid and it’s completely destroying altcoin liquidity
Bloomberg finally exposed what HFT desks have been screaming about for weeks. Hyperliquid’s gossip priority auctions let top funds see incoming orders 50–60ms before anyone else on the network
Look at how completely broken this setup is:
-> One Wintermute wallet won ~76% of the top slots last month, burning ~$26k every single day just to starve out competition
-> HL claims the auction is open to everyone. Complete BS. You only get that 60ms head start if you have direct peering with Foundation nodes, which requires 0.5% of total maker volume and 10k HYPE staked ($700k+)
-> Smaller MMs are getting sniped nonstop and just unplugging their bots on alts
-> Retail gets stuck with the bill: across 86 altcoin pairs, order book depth on HL imploded by 82% while spreads blew out from 2.13 to 3.55 bps
Honestly, I don't even blame Wintermute. If I had their balance sheet, I would milk this exact loophole until someone forced me to stop
The blame sits 100% on the protocol design. Burning auction fees is cool for $HYPE holders, sure, but letting one fund buy a monopoly on data speed turns a decentralized exchange into a rigged casino
Scrap read-priority auctions completely or make the slots equal, because right now altcoin execution on HL is absolute garbage