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myshteri

@myshteri

Hyperliquid retains users like a top mobile app. D1 / D7 / D30 / D360 Hyperliquid: 31% / 16% / 8% / 3% Top-200 app average: 28% / 16% / 9% / 4% That benchmark spans entertainment, social, productivity, shopping, etc. Still sticky after all these years. x.com/myshteri/status/18618207… x.com/myshteri/status/20824825…

Hyperliquid Is Sticky Many attempts have been made to build decentralized perps. But centralized exchanges still dominate the market. Does @HyperliquidX have a chance to take market share? Our research shows that, even without incentives, Hyperliquid is sticky

3:05 PM · Jul 29, 2026 · 1.1K Views

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myshteri @myshteri · Jul 29

Compared to finance apps it looks even better. Hyperliquid’s 8% D30 retention is 2-4x higher than the average finance app. The average masks a much stickier core. After 1 year, 28% of whales, 18% of semi-pros, and 6% of retail remain active. x.com/myshteri/status/20824825…

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BULLISH.hl @Hyper_Bullish · Jul 29

@myshteri @0xNessus Once you go hyperliquid you don’t go back

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myshteri @myshteri · Jul 29

The airdrop is a clean test: post-TGE whales, who arrived after there was no longer anything explicit to farm, retain at 47% at D30 and 22% at D365. Remarkably, the pre-TGE cohort who farmed points retain at higher rates than those who came after the airdrop. x.com/myshteri/status/20824825…

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myshteri @myshteri · Jul 29

Here’s the same result cohort by cohort. Each row is one month’s new users; the dashed line marks the HYPE TGE. Post-TGE cohorts are weaker in aggregate, but they continue to produce users who remain active months later. x.com/myshteri/status/20824825…

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myshteri @myshteri · Jul 29

Even with BTC roughly flat since TGE, DAUs grew from ~10K to ~80K after points ended. BTC is down ~50% from its October 2025 peak; Hyperliquid DAUs are up ~30% over the same period. The simplest explanation is the product itself: Hyperliquid is just a good app. x.com/myshteri/status/20824826…

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myshteri @myshteri · Jul 29

Full analysis here: myshterious.substack.com/p/hyp… Thanks to @rajivpoc for help with the original analysis and to @0xNessus and the team at Capital Sea for help with the post.

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BULLISH.hl @Hyper_Bullish · Jul 29

@myshteri @0xNessus Impressive adoption, we should see exponential growth once American 🇺🇸 opens up to perp dex trading

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