
1/ Midweek Hyperliquid Report 2026-08-13 The @tradexyz builder book has taken the HL turnover leaderboard: every name in the top 12 by 24h churn is a HIP-3 instrument. NBIS leads at 198%, then the DRAM index (197%), Samsung (172%), SanDisk (160%) and SpaceX (157%) - memory, semiconductors and pre-IPO equity single-names, no native crypto perp in the top twelve. (i) Forced flow (ii) Funding and the algo tape (iii) HIP-3 builder markets