# DeFi — X 热门讨论 (2026-09-19 10:37 UTC)
## @DamiDefi (Dami-Defi) · 09-19 09:34 · ♥112 ↻7 💬3 $SOL is breaking out.
Do you know what that means? https://t.co/qCW305XDBX > 引用 @DamiDefi: Everyone who called $SOL dead at $60 just watched it swallow five red months in one green one. https://t.co/RO4IlcqYrx https://x.com/DamiDefi/status/2101243407117218151
## @Elikrypt (ΞLIKRYPTO) · 09-19 07:30 · ♥72 ↻1 💬41 HYPE just hit a new ATH at $94.47.
The price is getting all the attention, but the numbers behind it are more interesting.
At that price, HYPE was around a $20.6B circulating market cap.
So what’s actually behind the move?
@HyperliquidX is way past being just another perp DEX.
By June 30, it was doing roughly 9.4% of global perp volume, including CEXs.
By Aug. 23, it had about 63% of decentralized perp OI.
That’s a serious amount of the market.
Hyperliquid isn’t just taking volume from other DeFi venues anymore. It’s starting to capture derivatives flow from CEXs as well. (Nasdaq)
Then there’s the HYPE tokenomics.
99% of protocol fees go to the Assistance Fund, which uses those fees to buy HYPE from the market.
By Aug. 23, it had bought 46.7M HYPE, permanently removing roughly 4.7% of the initial supply from circulation.
The loop is simple:
Trading → fees → HYPE buys → supply removed.
That doesn’t mean HYPE has to keep going up.
But it does give the token a clear link to activity on the protocol.
Then there’s RWA perps.
RWA markets made up more than 50% of Hyperliquid’s weekly volume for two straight weeks in July.
HIP-3 OI also crossed $4B in August. (Nasdaq)
That’s where the Hyperliquid story starts getting bigger.
It’s no longer just about crypto perps. The platform is adding markets around RWAs, outcome markets and other products on the same trading and margin infrastructure. (Nasdaq)
Now look at @Robinhood Chain.
It launched on July 1, and the early numbers have moved quickly.
CoinDesk had TVL around $757M on Sept. 4. Later reports put it near $1B, while Bernstein cited roughly $1.5B TVL and $50B+ in cumulative DEX volume around Sept. 8.
Those are different dates and sources, so I wouldn’t treat them as one current figure.
Still, the amount of activity this early is worth watching.
And there’s another number that stands out:
Robinhood’s own app users were estimated to account for only ~1–2% of Chain transactions in early September.
So far, a lot of the activity has been coming from crypto-native users.
That matters because Robinhood already has something most new chains have to spend years building: an existing user base with assets already sitting on the platform.
At the end of August, Robinhood reported 28.6M funded customers and $384B in platform assets. (Robinhood Markets, Inc.)
The question is how much of that activity eventually makes its way onchain.
Then there’s tokenized equities.
Tokenized-equity value on Robinhood Chain was estimated to grow from around $10–12M to $140–150M in roughly two months.
And on Sept. 17, the SEC announced a five-year exemption framework for certain tokenized-stock trading, with conditions around investor rights and issuer notification.
That doesn’t mean every tokenized-stock model works.
But it does make the tokenization side of Robinhood worth watching more closely.
Hyperliquid → trading infrastructure.
Robinhood → users, assets and distribution.
Hyperliquid is proving that serious derivatives activity can happen onchain.
Robinhood already has the customers and financial assets. The interesting question is how much of that existing ecosystem can actually be brought onchain.
If tokenized equities become collateral, RWA perps keep growing, stablecoins become the settlement layer, and more Robinhood activity moves onchain, these two models could eventually start overlapping.
That’s a much bigger story than another perp DEX or another L2.
It’s about where capital, assets and trading activity end up living. https://x.com/Elikrypt/status/2101212437378691197
## @MarlaineKanku (Marlaine Kanku) · 09-19 05:31 · ♥75 ↻13 💬4 🇨🇩 LE #TESTAMENT DE MIGUEL : 14 000 KM À VÉLO POUR LA PAIX À L'EST
À la veille de sa disparition, au cœur de la forêt équatoriale, il a enregistré une dernière vidéo.
Le souffle court, mais le message clair : Nous #voulons la paix à l'Est du Congo .
Miguel s'était lancé un défi fou : relier Goma à Rabat au #Maroc à vélo, 14 000 km pour alerter le monde sur le drame oublié de l'Est.
Il n'est jamais arrivé à destination, mais son cri, lui, continue de résonner. https://x.com/MarlaineKanku/status/2101182346359689646
## @11dizhu (十一地主) · 09-19 08:01 · ♥71 ↻6 💬5 二手iphone+飞行模式+AirGap Vault，就是一个极好的硬件钱包。
理由： 别人不知道这是硬件钱包； iphone的安全性非常高； 囤币，玩DeFi都很方便； 没有快递信息泄露风险； https://x.com/11dizhu/status/2101220161001017800