If you're tuned into the Web3 space, you've probably noticed the buzz around HyperEVM, the high-performance EVM-compatible chain from Hyperliquid. And right at the heart of it is Project X, a decentralized exchange (DEX) that's quickly becoming a go-to for traders and liquidity providers. Recently, a thread from @web3filthy on X highlighted just how dominant Project X is, racking up impressive daily fees and offering juicy farming opportunities.

The thread kicks off with a screenshot showing Project X sitting pretty at #2 in protocol rankings for 24-hour fees, pulling in over $400,000—trailing only Hyperliquid itself. This underscores the growing traction on HyperEVM, especially as attention heats up ahead of potential airdrops in Q4.

@web3filthy, a yield merchant powered by caffeine, shares his conservative yet effective strategy for farming points on Project X. Points farming here is key because Project X tracks PRJX points, which could lead to a future token airdrop. You earn them through trading, providing liquidity, social engagement on X, and referrals. But the thread focuses on liquidity provision—the bread and butter for steady yields.

Core Strategy: Directional Bias Pools

The author starts by revealing his position on the leaderboard: #636 with 11,000 points, climbing steadily with a low-risk approach.

His biggest bet? The uSOL/HYPE pool. Here, uSOL (likely a wrapped Solana token) and HYPE (Hyperliquid's native token) share a similar directional bias—meaning they tend to move in tandem. This setup minimizes the need for constant adjustments. He uses a ±7-8% range for liquidity provision.

For those new to this: Liquidity pools on DEXes like Project X (an automated market maker similar to Uniswap) let you deposit pairs of tokens to facilitate trades. In return, you earn fees from swaps and, in this case, farming points. The "range" refers to concentrated liquidity, where you specify a price range for your position to be active, boosting efficiency but introducing impermanent loss (IL)—temporary losses if prices diverge.

If the position goes out of range, simply close and rebalance back to ±7-8%. To handle IL, widen the range if needed, say to ±10%. Impressively, he's stayed in range 95% of the time over the past 60 days.

You can swap in other pairs based on your market view, like ETH/HYPE, which was showing a solid 32% APR at the time with a ±7% range.

Playing the Hype: Asymmetric Ranges for Volatile Tokens

For hyped-up coins—think meme tokens or hot launches like PUMP—the strategy shifts to capitalize on volatility. Recently, the XPL/USDT pool was the high-APR play. XPL might be a emerging token on HyperEVM, drawing meme-like attention.

The setup: Use a 2:1 asymmetric range, like 20% lower and 10% upper, leaving more buffer on the downside. He runs two pools—one tighter, one wider—for diversification.

As the token pumps, rebalance: Widen the lower range and tighten the upper. This way, if it dumps, your wider downside cushion reduces IL. It's a smart way to ride the meme token waves without getting wrecked.

Why Now? The HyperEVM Momentum

The thread wraps up with a bullish outlook: Attention on HyperEVM is set to explode in Q4 with airdrops on the horizon. As the leading DEX, Project X (@prjx_hl) will likely capture most of the swaps and bridging activity. This makes farming here not just about yields but positioning for bigger rewards.

Replies to the thread echo the sentiment. @Lamboland_ from Project X itself called the uSOL/HYPE strategy "interesting," while @BOBBYBIGYIELD noted the SOL/HYPE pool is underrated.

If you're into meme tokens, HyperEVM's fast, low-cost environment is fertile ground. Tokens like PUMP and XPL scream meme potential, and farming on Project X lets you earn while the ecosystem grows. Head over to [Project X](https://projectx DEX site, but from search, perhaps https://prjx.hl or something—check their X for links) to get started, but remember: Always DYOR and manage risks, as crypto farming involves volatility and potential losses.

This thread is a goldmine for anyone looking to dip into HyperEVM DeFi. Follow @web3filthy for more yield-hunting tips, and stay tuned to Meme Insider for the latest on meme token ecosystems.