the terminal is live — trade any solana coin

you can only trade
what they decide
to list.

we think that’s backwards.
hyper shitcoin is a perpetuals exchange for the trenches — and the plan is not subtle.

if a memecoin has a market,
you should be able to long or short it.

open the terminal
fig. 0 — the asset.

01 · the long tail

every exchange fights
over the same head.

btc, eth, sol, and a few dozen alts. that is the whole battlefield, and everyone is already on it. meanwhile the distribution keeps going — thousands of coins doing real volume every single day, and almost none of them will ever get a perp.

fig. 2 — perp coverage by volume rank solana, 24h 24h volume every solana memecoin, ranked → the head ~232 coins every exchange the long tail thousands trading real volume today no perp. anywhere. this is the whole opportunity
0 memecoins that exist
0 doing real volume today
0 with a perp market anywhere

02 · curvature

every asset sits somewhere
on the curve.

in 1997, lewis & heaton published the bristol stool scale — seven types of matter, from hard lumps to pure liquid. they believed they were classifying stool. they were mapping liquidity.

fig. 1 — the liquidity curve n = everyone hyper liquid liquid illiquid 1 · hard lumps(your altcoins) 2 · lumpy(team tokens, locked) 3 · cracked(vesting cliff) 4 · smooth(blue chips) 5 · soft blobs(majors) 6 · nearly liquid(wrapped hype) 7 · entirely liquid. no solid pieces. $DIARRHEA · hyper liquid we are here. 1 2 3 4 5 6 7 ← solid · painful · illiquid liquid · effortless · hyper liquid →

adapted from lewis & heaton (1997), scand. j. gastroenterol. — peer reviewed. clinically bullish.

03 · how it works

built for the trenches.

we are not competing for the same btc, eth and sol perp volume as everyone else. we are going straight at the long tail — where coins go from nothing to hundreds of millions in volume before a listing committee has finished its coffee.

  1. 1

    a coin starts trending

    trade the perp. not next quarter, when someone approves a market — while it is still happening.

  2. 2

    think it runs another 10x?

    long it. any coin with a real market is a market here, including the one nobody has heard of yet.

  3. 3

    think it’s about to implode?

    short it. this is the half the trenches have never had, and the half that makes a market honest.

  4. 4

    your keys, throughout

    no accounts, no deposits, no custody. you sign; we never hold a thing. there is nothing here to withdraw.

the difficult part isn’t another perp frontend.

anyone can draw a chart and a long button. the actual problem is oracles that cannot be wicked, liquidity that survives a thin pool, and risk engines that can carry markets the majors will not touch. that is what hyper shitcoin is being built around — and it is the reason nobody has done this yet.

oraclemedianed, not last-tick
liquiditysized to real pool depth
riskcaps that scale with the book
live today

the terminal is already open: any solana coin, chart, live pool depth, long and short, signed in your own wallet. where a genuine perp exists we route you to it. the rest of the long tail is what we are building.

open the terminal
flowing right now pulled live by your browser · trade any of them →
reading the pools…

04 · the target

we don’t need to
rebuild hyperliquid.

they have built an incredible exchange. genuinely. we have no interest in making a worse copy of it — we intend to go where it doesn’t.

them

the majors

btc. eth. sol. the assets everyone already agrees exist, fought over by every exchange on earth at ever-thinner margins.

a few hundred markets
us

everything underneath

markets that move at internet speed and are over before a listing process begins. no committee, no queue, no permission.

every piece of shit below them

hyperliquid can own the majors.
we want every piece of shit underneath them.

and collectively, there are a lot of shitcoins.

05 · the currency

every serious revolution
deserves an unserious currency.

the exchange is the serious part. the oracle work is the serious part. the risk engine is extremely serious. the money is called $DIARRHEA, because a project that takes itself entirely seriously has already lost the trenches.

total supply 0 one billion units of pure flow
tax 0% in · 0% out nothing sticks. by design.
liquidity pool flushed lp burned forever. the handle has been pressed.
contract renounced we washed our hands. thoroughly. twice.
solids content 100.00% certified fully liquid at room temperature
fiber none this is a feature
ca TBA — still brewing

06 · the movement

four phases. no exit.

phase i · shipped

the rumble

the terminal opens. any solana coin, long or short, from your own wallet. early users report “feeling something.”

phase ii

urgency

the oracle and risk engine land. the first perp markets on coins no exchange has ever listed.

phase iii

the movement

permissionless listing. if it has a market, it has a perp — and the queue disappears entirely.

phase iv

relief

the long tail trades like the head. we all feel lighter. everything, finally, flows.

you can’t hold it in forever.

the head is taken. the tail is enormous. the terminal is already open.