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A 10,000-word deep dive into Hyperliquid: How an 11-person, zero-VC team dominates the perpetual on-chain market? | Bee Network

Loginट्रेंडिंग न्यूज़एआई एजेंटमीम लॉन्चपैडडेस्सीटॉपचेनएक्सप्लोररन्यूबी के लिए100x सिक्केमधुमक्खी खेलआवश्यक वेबसाइटेंएपीपी अवश्य होना चाहिएक्रिप्टो हस्तियाँडेपिननौसिखिया आवश्यकट्रैप डिटेक्टरबुनियादी उपकरणउन्नत वेबसाइटेंएक्सचेंजोंएनएफटी उपकरणवेब3 यूनिवर्सखेलडीऐपमधुमुखी का छत्ताबढ़ता हुआ मंचविज्ञापनरिचार्ज सिक्केलॉग इन करेंवेब3 यूनीखेलडीऐपमधुमुखी का छत्ताविज्ञापनघरविश्लेषणविश्लेषणlywtक्रिप्टोबाज़ारएयरड्रॉपसैंडबॉक्सA 10,000-word deep dive into Hyperliquid: How an 11-person, zero-VC team dominates the perpetual on-chain market?Related: DeFi Hacked Again for $292 Million, Is Even Aave No Longer Safe? Author|Azuma (@azuma_eth) On April 19th, Beijing time, DeFi security suffered another major blow. On-chain data shows that around 1:35 AM this morning, the rsETH bridge contract of the second-largest liquid staking protocol, Kelp DAO, based on LayerZero, was suspected to have been exploited by hackers, resulting in a loss of 116,500 rsETH, valued at approximately $292 million. Further tracing the on-chain records reveals that the attacker’s address received an initial funding of 1 ETH from the mixing protocol Tornado Cash about 10 hours before the incident. Subsequently, this address called the `lzReceive` function on the LayerZero EndpointV2 contract. This call triggered Kelp’s bridge contract, transferring 116,500 rsETH to another attacker-controlled address. Approximately two and a half hours after the incident, Kelp DAO officially confirmed the attack on X: “Earlier today,…# विश्लेषण# एयरड्रॉप# क्रिप्टो# डेफी# इथेरियम# एक्सचेंज# मार्केट# सैंडबॉक्स# टोकन上一篇 Tiger Research: South Korea's Retail Crypto Investors Are Disappearing — Who Will Sustain the Market in 2026?下一篇 BIT Research: SpaceX Races Toward a Trillion-Dollar Valuation, What is the Market Actually Buying Into?The world is grappling with a new wave of inflation as a “long-term bond storm” sweeps across the globeLWyattBitcoin’s Short-Term Volatility Does Not Alter Mid-Term Bearish Trend, HYPE Presents Another Long Opportunity | Invited Analysis6086cf14eb90bc67ca4fc62b1My Crypto Wallet Was Drained After Three Days on Hotel Wi-Fi6086cf14eb90bc67ca4fc62b1InfoFi’s Dilemma in the Attention Economy6086cf14eb90bc67ca4fc62b1Conversation with Tom Lee and the Author of “The Big Short”: The Crypto Bear Market is Wall Street’s Prelude to “Seizing Power”6086cf14eb90bc67ca4fc62b1AI Agent Weekly Report | Cookie cooperation project Sapien will give 0.5% of the total supply to Snappers; VADER weekly6086cf14eb90bc67ca4fc62bकोई टिप्पणी नहींतुरंत लॉगइन करेंMSTR breaks its “never sell Bitcoin” promise: panic or opportunity?BIT Research: SpaceX Races Toward a Trillion-Dollar Valuation, What is the Market Actually Buying Into?Tiger Research: South Korea’s Retail Crypto Investors Are Disappearing — Who Will Sustain the Market in 2026?CLARITY Act Reshapes Stablecoin Yield EconomicsSharplink CEO: Selling off ETH now is like selling Amazon during the internet bubbleDifyOllamaFabric FoundationCrewAILetsExchangeHermes Agentइथरस्कैनRoboForceकॉइनकार्पबिनेंसकॉइनमार्केटकैपकॉइनगेकोकॉइनलाइवकवचसफेद कागजभूमिकाएँसामान्य प्रश्नगोपनीयता नीतिसेवाओं की शर्तेंCoinCarpBinanceCoinMarketCapCoinGeckoCoinliveArmorsसफेद कागजभूमिकाएँसामान्य प्रश्नगोपनीयता नीतिसेवाओं की शर्तेंएयरड्रॉप शिकारीडेटा विश्लेषणक्रिप्टो हस्तियाँट्रैप डिटेक्टरEnglish繁體中文简体中文日本語Tiếng Việtالعربية한국어Bahasa IndonesiaاردوРусский

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    Conflict of Interest Disclosure: This article was not paid for. One of the most surprising stories in the crypto industry over the past two years originates from a small team based in Singapore, wh...