Hey there, crypto enthusiasts! If you’ve been scrolling through X lately, you might have stumbled upon some buzzwords like Precompiles, HIP3, and Builder Codes floating around the Hyperliquid ecosystem. Don’t worry if they sound like tech jargon—Henrik from @Henrik_on_HL has broken it all down in a super helpful thread that’s got the community talking. Let’s unpack this step-by-step so you can get in on the action!

What’s Hyperliquid All About?

First things first, Hyperliquid is a blockchain designed to be the ultimate hub for all things finance. Think of it as a high-speed platform where developers can build projects, create value, and trade assets—all on one chain. It’s built to be fast and efficient, which is why features like Precompiles and HIP3 are making waves. The thread even includes a cool logo image, giving us a peek at the brand’s sleek design!

Breaking Down the Key Terms

Let’s dive into the nitty-gritty with Henrik’s “HyperLexicon”:

• Builder Codes: This is a game-changer for developers. It lets them earn money directly from the traffic they bring to HyperCore, Hyperliquid’s core blockchain layer. Imagine setting up a trading app and getting paid every time someone uses it—pretty cool, right? Examples include projects like @pvp_dot_trade and @AxiomExchange, which are already leveraging this.

• Read Precompiles: These are like superpowers for smart contracts on Hyperliquid’s HyperEVM (a version of the Ethereum Virtual Machine). They allow contracts to access real-time data from HyperCore’s order book—think spot and perpetual prices—without needing slow external oracles. This means faster, more reliable trading!

• CoreWriter: This acts like a bridge between HyperEVM and HyperCore’s off-chain logic. It lets smart contracts place orders or move funds quickly and cheaply, cutting down on those pesky gas fees we all hate.

• HIP3: Short for Hyperliquid Improvement Proposal 3, this is a big deal. It lets anyone create their own perpetual markets (think futures trading) on Hyperliquid. You can set your own fees and oracle settings, but there’s a catch—you need to stake 1 million HYPE tokens to get started. It’s live on testnet, with projects like @hyperunit testing leveraged equity products and @ethena_labs exploring USDe trading.

Why Should You Care?

These innovations are pushing the boundaries of decentralized finance (DeFi). Builder Codes give devs a way to monetize their work, Precompiles and CoreWriter make trading smoother and cheaper, and HIP3 opens the door for anyone to launch their own trading markets. It’s like giving the community the keys to build the future of finance!

What’s Next?

The thread has sparked some excitement, with users like @Hombreai suggesting there’s even more potential for Hyperliquid’s price and product to grow. Others, like @guru__hl, are hyping up the catalysts that could drive its value higher. If you’re into meme tokens or DeFi, keeping an eye on Hyperliquid could be a smart move. You can even check out the testnet action to see HIP3 in action!

Final Thoughts

Henrik’s thread is a goldmine for anyone looking to understand Hyperliquid’s ecosystem. Whether you’re a developer, trader, or just a curious crypto fan, these features are worth watching. Got questions? Drop them in the comments, and let’s chat about how Hyperliquid might shape the next big thing in blockchain!

Published on July 02, 2025, by Meme Insider – Your go-to source for meme tokens and blockchain insights!