SJ
Building the Intelligence Layer for Hyperliquid
Analysis of 33K HL wallets: 24.4% of HIP-3 OI ($402M) belongs to 318 wallets that didn't exist 3 months ago. HIP-3 OI hit $2.05B (28% of total $7.12B). Argues that HL becoming a 'house of all finance' needs a TradFi-grade intelligence layer for vaults — Sharpe, Sortino, Brinson-Fachler attribution against BTC. Introducing Unlocked: 80+ metrics, decomposing vault returns into exposure / token selection / funding alpha. The rest of CT still picks vaults by Twitter and APR — this is the allocator tool that should exist.