Trader le S&P500 un dimanche ? C’est possible avec Hyperliquid

The cryptocurrency ecosystem is experiencing a significant shift as traditional finance integrates with blockchain technology, breaking down decades-old limitations. In just three years, one project, Hyperliquid, has disrupted the market, introducing innovations not only to the on-chain ecosystem but also to traditional finance. Its impact is evident in the daily trading volumes of gold, the S&P 500, and oil, with even Bloomberg using its prices as a reference when markets are closed. Hyperliquid stands out for its reliability and well-executed features, distinguishing itself from many projects that ambitiously attempt to revolutionize the entire ecosystem but often fall short. Initially, Hyperliquid launched as a simple perpetual protocol, enabling the trading of cryptocurrencies. Despite entering a relatively calm market phase, it quickly attracted users, partly due to the prevailing "airdrop" craze, where early adopters received free tokens, sometimes worth thousands of dollars. Hyperliquid notably marked the end of this golden age of airdrops, turning some users into millionaires. However, Hyperliquid's continued success is not solely reliant on the promise of future airdrops; its core strength lies in its product. The platform boasts a user-friendly and intuitive interface, even for beginners. True to its name, "Hyperliquid" offers substantial liquidity, accommodating large trades, with positions sometimes reaching eight or nine figures—a remarkable feat for the crypto ecosystem. Hyperliquid has effectively set new standards for on-chain trading, and this was merely the beginning. With the launch of its native token, HLP, Hyperliquid also introduced spot markets, removing the need for leverage and allowing for direct asset purchases, similar to centralized exchanges. This feature was not common among its competitors at the time, positioning Hyperliquid as a direct rival to traditional centralized exchanges like Binance, Kraken, and Coinbase. While Binance reportedly attempted to undermine Hyperliquid in the past, the incident concluded favorably, and Hyperliquid's ambitions continued to grow. A major development for Hyperliquid is the implementation of HIP3, which enables the trading of precious metals, stocks, currencies, and commodities such as oil and natural gas. Remarkably, the core Hyperliquid team comprises only about ten people, though other teams contribute to the broader ecosystem. Since the introduction of HIP3, anyone staking 500,000 HLP tokens for at least 30 days can launch their own markets. This mechanism effectively delegates parts of the protocol to other entities, and those proposing markets are incentivized to perform well, as staking 500,000 HLP represents several million dollars, demonstrating their significant commitment. So far, this system has functioned exceptionally well, with HIP3 market metrics showing increasing trading volumes and open interest. Hyperliquid continues to innovate, not resting on its laurels. Beyond empowering new market creators, it has also implemented perpetual markets for metals, stocks, and commodities. Unlike traditional markets, these perpetual markets never close, operating 24/7, including weekends and holidays. While it's acknowledged that Wall Street's elite may not immediately flock to Hyperliquid for off-hours trading, the current figures are highly encouraging. The presenter then transitioned to a practical guide on using Hyperliquid, demonstrating how to deposit liquidity and navigate the HIP3 markets. **Connecting and Depositing:** The first step is to connect a wallet, with options for existing wallets or creating a new one via email. The presenter recommends Rabby wallet for Ethereum, Base, and Hyperliquid compatible blockchains. Once connected, users can deposit USDC from Arbitrum or HyperVM. For those with USDC on other blockchains, such as Base, an aggregator like Bungy is suggested for bridging, as it often offers lower fees than Jumper for USDC transfers, specifically leveraging Circle and Chainlink's CCTP bridge. The process involves two transactions: approving the USDC amount and then signing to complete the swap, with the USDC arriving directly on Hyperliquid. The presenter advises approving only the exact amount for exchange to mitigate potential risks. **Trading on Hyperliquid:** Upon receiving USDC, the presenter highlights Hyperliquid's robust liquidity and volume. For example, Bitcoin saw $3 billion in volume and $2 billion in open interest in the last 24 hours, with a very tight spread in the order book. Funding fees, or "frais de financement," are an important aspect, indicating whether longs or shorts pay each other. Currently, negative funding fees for Bitcoin mean short sellers pay long positions, a mechanism relevant for delta-neutral strategies. **Accessing HIP3 Markets:** To find HIP3 markets, users click on the BTC/USDC pair, which reveals various trading categories. Beyond perpetual crypto markets and spot crypto markets, Hyperliquid offers spot trading for indices and stocks like Circle and Tesla. However, the highest volumes are found in the HIP3 perpetual markets. Within the HIP3 section, subcategories correspond to different market providers who have staked HLP tokens. While there isn't a direct "commodities" or "stocks" tab under HIP3, these can be found under the "Traditional Finance" tab, which includes sub-tabs for stocks, indices, commodities, and forex. Currently, forex offers limited pairs like JPY/EUR. Commodities, particularly Brent Oil, show significant volume, with over $1 billion traded in the last 24 hours. **Placing a Trade:** The trading interface includes analytical tools similar to TradingView. The right-hand panel is where trades are executed. Key considerations include: * **Trade Mode:** "Isolated" mode limits potential losses to the funds allocated to a specific trade, while "Cross" mode can draw from all available liquidity in the portfolio. Isolated mode is generally recommended for beginners. * **Leverage:** Users can adjust leverage, with a maximum of x20 for oil. It's possible to trade without leverage (x1). * **Portfolio Margin (Beta):** This advanced mode allows users to use other assets, like Bitcoin, as collateral for trades instead of just stablecoins. While offering more flexibility, users should be cautious if they don't wish to risk their accumulated assets. Switching modes requires a gas-free signature transaction. The presenter noted that their bridged USDC appeared in the spot wallet rather than the perpetual wallet. This is not an issue, as Hyperliquid provides a free transfer tool between spot and perpetual wallets, located below the deposit button. **Order Types:** * **Market Order:** Buys or sells immediately at the best available price in the order book. * **Limit Order:** Sets a specific price at which to buy or sell. If the market reaches that price, the order is executed. * **Advanced Features:** Other advanced order types are available but not essential for non-professional traders. The presenter demonstrated placing a market buy order for Brent Oil as an example, emphasizing that this is not investment advice. Unlike on some platforms, executing trades on Hyperliquid does not require additional transactions or fees once liquidity is deposited; it functions like a centralized exchange. **Managing and Closing Trades:** * **Withdrawal:** Funds can be withdrawn to Arbitrum or HyperVM. For Arbitrum, using the CCTP option is recommended for lower fees (20 cents vs. $1). Bitcoin, Ethereum, and Solana can be withdrawn to their native blockchains, requiring compatible wallets. * **Closing Positions:** Trades can be closed directly at market price or with a limit order (e.g., taking profit at a specific price). * **Reverse:** This feature allows users to immediately reverse their position (e.g., from long to short). * **Take Profit and Stop Loss:** These tools allow users to set target prices for automatically closing a position to secure profits or limit losses. The presenter concluded the demonstration by closing their example trade and withdrawing funds, ensuring all core functionalities of Hyperliquid and its HIP3 markets were covered.