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ohmybird digest · 02

Week of May 11 – May 18, 2026

Published 1mo ago·by ohmybird

The Hyperliquid ecosystem dominated scout radar this week with five distinct targets: three execution optimization layers, an AI agent trading platform, and a fair-launched perpetual DEX. All five converge on the same central limit order book. Beyond Hyperliquid, scouts surfaced a trust-based community currency on Gnosis Chain, a real-time financial verification network with $2.16B in verified assets, and a swarm intelligence simulation engine. Here's the infrastructure signal stack for the week.

Feature: Senpi — AI agents trading live with $38k distributed

Senpi is a live AI trading agent platform on Hyperliquid running a $100,000 agent arena with weekly prizes above $5k. Over 75 autonomous strategies are deployed on mainnet, competing in real market conditions; agents have collectively won $38k over six weeks. @senpi_ai caught scout @CryptoPicsou's attention on May 12.

The technical model is non-custodial with an open-source skills framework, allowing developers to build and plug in trading logic without handing over keys. Mobile apps on iOS and Android indicate the team has moved well past MVP. The account is roughly three years old (created April 2022), but the product launch appears recent—follower count sits under 10k, a notable gap given live traction.

The risk profile is clear: trading bot competitions often attract mercenary participants chasing prizes rather than sticky users, and high-frequency infrastructure demands constant maintenance. But the working product, verifiable performance data, and early-stage follower base make this one of the more concrete plays in the AI-agent-meets-DeFi category. @CryptoPicsou, a tier-A scout with a 65/100 track record, doesn't often flag vaporware.

The rest of the week

@quotemarkets · Execution infrastructure

Quote builds smart order routing for Hyperliquid's CLOB, targeting an $8B annual value leakage problem in on-chain orderbook execution. The team—ex-JP Morgan, Sygnum, ETH Zurich—brings TradFi execution experience to crypto and has published market impact simulations showing technical depth.

Still in waitlist phase with no live product. The 2022 account (recently reactivated) has just 995 followers, placing this firmly in early-discovery territory. @CryptoPicsou flagged it May 16.

@papertrade.xyz · Fair-launched perp DEX

Another Hyperliquid build: a fully onchain perpetual exchange offering 1000× leverage, zero slippage, and no funding costs. Created by known builders @izebel_eth and @blurr, the project is fair-launched with a self-bootstrapping LP model.

The catch? Everything is marked "coming soon"—trading, mobile app, agent integration. No testnet, no beta. This is vaporware-stage, but the technical foundation and builder track records keep it on the radar. @CryptoPicsou surfaced it May 13. The account has 3.4k followers and dates to 2022.

@extendedapp · Multi-market perp DEX

Extended, built by an ex-Revolut team, offers unified margin across crypto and TradFi markets with up to 100× leverage. Live on Starknet since early 2024, the platform has crossed $25M in cumulative revenue and supports multi-asset collateral (USDC, wBTC, ETH, USDT).

Recent activity includes trading competitions, Dune dashboards, and multi-language support. The team recently delisted $LAB over "operational oversight," a sign of possible growing pains. Twenty-nine thousand followers, flagged by @Dylan_HODL on May 16. Pre-token.

@DecibelTrade · Aptos-native perp DEX

Decibel launched mainnet on Aptos in Q1 2026 with sub-40ms execution, encrypted mempool for MEV protection, and cross-margin accounts. Week 10 data shows 4,269 unique wallets earning points (AMPs), and the platform recently added commodities perps.

Institutional custody integration via Cactus Custody suggests credible business development. The account is under two months old with 27k followers. @Defi_Maestro spotted it May 15. No token ticker disclosed yet, though the roadmap mentions a liquidity provider token (DLP) and protocol stablecoin (usDCBL).

@aboutcircles · Community currency protocol

Circles is a trust-based community currency system on Gnosis Chain where individuals mint personal tokens (CRC) at one per hour, enabling local economies without gatekeepers. Mainnet since October 2020, recently upgraded to V2, with real-world pilots in Berlin tenants' unions and Lisbon co-working spaces.

The account is under two years old with 25k followers and averages 14 engagements per tweet—quiet for four-plus years of mainnet operation. @Dylan_HODL flagged it May 15. Pre-token, niche positioning, but substantive technical documentation and working SDK.

@AccountableData · Financial verification protocol

Accountable runs a Data Verification Network enabling institutions to cryptographically prove assets and liabilities onchain in real time. The platform has verified $2.16B across live integrations with Tori Finance, Balsa Finance, Anchored, Hyperithm, and Valos.

YieldApp vault-as-a-service product is live, and the team presented at Consensus 2026 alongside Gauntlet. Sixty-two thousand followers, account from January 2024. @0xALTF4 surfaced it May 15. No token information available; likely pre-token or private deployment.

@miroshark_ · Swarm intelligence simulation

MiroShark promises sub-$1, sub-10-minute simulations for crypto scenarios using multi-agent swarms. Active GitHub with 419 commits, recent OriginTrail integration for onchain simulation publishing, and a daily "simulation of the day" series.

The account launched May 2025 with under 1k followers. Token ticker $MIROSHARK now trades at $0.00003293 (also ATH). Anonymous dev (aaronjmars on GitHub), very early-stage. @Dylan_HODL flagged it May 17.

Bottom line

Hyperliquid infrastructure is clustering fast. Three execution layers and two trading platforms in one week signals builders racing to capture value before the CLOB ecosystem matures. Outside DeFi, real-time verification and swarm intelligence suggest infrastructure is broadening beyond pure trading rails. No memecoin noise this week—our scouts are watching the pipes, not the pumps.

FAQ

What is Hyperliquid and why is it attracting so many builders?

Hyperliquid is a decentralized perpetual futures exchange built around a central limit order book (CLOB). It's attracting builders because developers are racing to capture value in three categories—execution optimization layers, AI trading agents, and perpetual DEX platforms—all competing for the same infrastructure as the ecosystem matures.

How does Senpi work and is it actually profitable?

Senpi is an AI agent trading platform on Hyperliquid where autonomous trading strategies compete live with weekly prizes ($5k+) and a $100k arena. Over 75 agents have collectively earned $38k in real market conditions over six weeks using a non-custodial, open-source framework—so agents trade without holding your private keys.

What's the difference between a perpetual DEX and a regular exchange?

A perpetual DEX (like papertrade.xyz or Decibel) lets you trade crypto futures with leverage (typically up to 100×) without owning the underlying asset, using cryptocurrency as collateral. Regular exchanges typically require you to buy and hold the actual asset.

Is Circles (the community currency) actually being used?

Circles is live on Gnosis Chain since October 2020 where individuals mint personal tokens at one per hour to participate in local economies. It has real-world pilots running in Berlin (tenants' unions) and Lisbon (co-working spaces), though social engagement is quiet for a four-year-old mainnet product.

What are the main risks with these new Hyperliquid projects?

Several projects (papertrade.xyz, Quote Markets) are still in early stages with no live product or testnet yet. Others like Senpi face typical bot-competition risks: prize-chasing participants instead of sticky users, plus constant infrastructure maintenance demands. Extended delisted $LAB citing 'operational oversight,' suggesting growing-pains issues even on live platforms.