Silhouette has launched perps request-for-quote (RFQ) trading on HyperCore with no waitlist or invite, starting with BTC and HYPE markets, with HIP-3 and HIP-3 support planned next. Quotes are capped at $100k, with higher limits coming. Trades are pre-matched between taker and maker, print on Hyperliquid's order book, and margin stays in the user's own Hyperliquid account—no deposits with Silhouette. The firm says takers never receive a worse price than accepted before fees. An early taker incentive program is being piloted, and the company is recruiting makers and takers.

AI summary of the linked source — not editorial content.

Story signal · how it spread on X · via Elfa

as of
Spread
i
Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
8 accounts

first post
Leviathan +12.1 h later

BTC reaction
i
Price change from the first post to 24 hours later (Hyperliquid). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−0.7% 24h after post

$82,283 → $81,685

HYPE reaction
i
Price change from the first post to 24 hours later (Hyperliquid). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
0.0% 24h after post

$78.84 → $78.83
BTC −0.6% same window
Elfa measured +1.0% 1d · still measuring

Thread · 1 event
  1. First reportSilhouette launches RFQ perpetual trading on HyperCore8 acc.
  2. Leviathan published this article

All times UTC.

Cited posts

  • @Pasta_Capital Pasta CapitalFirst reportOn X ↗

    RFQ on HyperCore bitches Silhouette mfs still doing insane work https://t.co/wGkDiam27D

  • @HyperliquidFR Hyperliquid FranceOn X ↗

    ACTU : Silhouette lance son perps RFQ sur HyperCore https://t.co/6kzqXUkzfu

  • @HypedLaunchesOn X ↗

    Perps RFQ is now live on HyperCore. Silhouette has launched a new way to execute larger perpetual trades directly through Hyperliquid. Traders can request a quote, accept the price, and have the trade recorded on the Hyperliquid order book. Key details: - BTC and $HYPE…

Show 3 more cited posts
  • @QuicknodeOn X ↗

    Size finds size. Congrats to @silhouette_ex on taking Perps RFQ live on HyperCore, starting with BTC and HYPE! Quicknode is proud to help power the infra behind it 🤝 https://t.co/D4fMxEpDMm

  • @MeshClans MeshOn X ↗

    I think one of the areas Hyperliquid still has a lot of room to develop is how larger traders access liquidity without giving away too much of their position before execution Deep order books are useful, but moving $1M+ in size introduces a different set of challenges.… https://t.co/ssC5oPPd6K

  • @PDmytriiev Petro D. | ResearchOn X ↗

    If you hold a large spot $HYPE position and want to hedge it without selling, @silhouette_ex RFQ lets you open the full short in one print instead of slicing it into a book that’s watching you. Say a holder has 128K $HYPE staked or locked and wants to neutralise price risk. At a… https://t.co/17CVYj0Uam

2 more accounts posted about this · 1 Telegram channel (no public link)

TradersTrader calls tracked by Elfa · not advice

Positioning · BTC

Open4,988 open positions · 4,326 long · 662 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 20 Oct 02:16 UTC.

Reaction since the first post

Since 19 Oct 14:10 UTC30+ calls opened · 19 long · 11 short

Ongoing flow, not necessarily a reaction: Elfa returns at most 30 calls, so this count is a floor.

Callers with a scored record

@Mr57814170 long · entry $81,413alpha −0.006 · 46% hit rate · 22 scored
@CryptoA40672341 long · entry $81,413alpha −0.018 · 48% hit rate · 174 scored
@Henry_VuQuangDu long · entry $81,451alpha −0.123 · 38% hit rate · 24 scored

Alpha, hit rate and sample size exactly as Elfa reports them.

Whole crypto market, not this story

Crowding18th percentile · vs last 28 days, 50 typical
Pulse 24h41/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.3% long · 11,155 accounts

As of 20 Oct 02:15 UTC.

Social-monitoring data, not investment advice Elfa prices Hyperliquid post text from Xas of

Explore the topic

Loading related coverage…

Explore the full feed

Comments

Loading comments…