Azimuth

your Claude can now read Hyperliquid through Azimuth. every live Azimuth tool is also an MCP tool. one URL, one key: claude mcp add --transport http azimuth azimuthfi.com/mcp --header "Authorization: Bearer azm_YOURKEY" get the key at azimuthfi.com/terminal, API & MCP tab. wallet sign-in, no tx, no funds access. ask if a HIP-3 market is open. ask it to build an order. it comes back unsigned. you sign on your own machine with your own trade-only key. built for @HyperliquidX. works with @claudeai

Elysium data is now indexed by @trycodex. Prices, OHLCV, trades, holders and new-pair streams for every Elysium token, through one GraphQL API from day one. Building a bot, dashboard or terminal on Elysium? Skip the indexer.

@tradexyz: the money did not leave, it settled in Everyone talks about RWA perp volume. Volume does not tell you what people do with the contracts. For that you need open interest and one operation: divide the first by the second. So I did. Here is the result. Weekly volume on @tradexyz rose from $300M in November 2025 to a peak of $36.4B in the week of 27 July. In the week of 2 November it was $13.4B, 37% of the high. Look only here and the market has cooled. OI moved differently: $59M in November 2025, $1B in early March, $3B at the end of June, $4.37B in the week of 2 November - an all-time high. Over the year OI grew 74x and did not decline in any quarter. Volume at a third of its peak, OI at a record. Together this means one thing: positions are held longer. In winter trade.xyz turned its OI over 9-13 times a week. In July, at peak volume, 10. In September, 3.4. In the week of 2 November, 3.1, the lowest in the series. In holding-period terms: in winter the average position lived about nine hours, today two and a half days. In eight months the horizon of a typical position lengthened six-fold. That is not how a cooling market behaves. It is how a market behaves when it changes its customer. Who sits in those $4.4B the data does not say. But the candidates are few: market makers in tokenized equities hedging inventory; basis traders holding carry for weeks; long directional positions replacing a margin account at a broker. Possibly some capital parked delta-neutral for incentives - worth checking separately, because that OI is dead. In every case the conclusion is the same: the market has moved from trading to positioning. Fees are charged on volume. OI pays nothing. If in spring every dollar of open interest produced ten dollars of weekly volume and now produces three, revenue per dollar of capital in the system has fallen three-fold. The OI growth everyone celebrates does not convert into revenue growth: the base grows, the multiplier shrinks. On traditional futures markets OI turns over in days, not hours. That is where hedgers and carry live, and that is what makes a market a market. In eight months tradexyz travelled a road that usually takes years. It is the strongest evidence yet that RWA perps are a real product. The problem is that the same number hits the thesis the valuation rests on. Volume is revenue, OI is trust. tradexyz has gained the second and is losing the first. An investor in @HyperliquidX, or in a future deployer token, has to decide what they are paying for: a maturing market or a compressing fee stream. Both are true at once, and the consensus so far sees only one.