Petro D. | Research

@PDmytriiev

Anthropic just overtook OpenAI and booked the first profitable quarter in frontier AI, and as of 19 August, you can trade it again on @entropyIO https://t.co/RMMcsGUSpC A new HIP-3 deployer went live on @HyperliquidX this week. @entropyIO has 500,235.67 $HYPE delegated: https://t.co/7ph53AYCXQ Its first real market is io:ANTH, a perpetual on Anthropic's private valuation. It started trading on 19 August around 10:00 UTC. Two other markets sit on the same deployer: SanDisk (io:SNDK), which is live, and an OpenAI market (io:OAI) that is registered on-chain. How the contract works · 3x maximum leverage, $USDC collateral · Open interest capped at $3M · The published price can never print below $300B or above $4.2T no matter what the order book does, though trades can still execute outside those levels · If Anthropic still hasn't listed by 18 August 2028, the contract cash-settles at the 30-day average price · Growth mode is on, cutting all fees by 90% Why it's actually different Every pre-IPO perp before this picked one of two ways to set its reference price. @tradexyz and @ventuals used the market itself: the oracle is just a smoothed version of the order book, so the contract is self-referential. The alternative is to pull prices from private secondary markets, which are slow and often stale. @Entropy does both at once, and lets order book depth decide the mix. When the book is thin, the reference price leans on outside private-market data. As real two-sided depth builds up, the market's own price takes over, up to a hard ceiling of 95%, the outside feed always keeps at least 5% of the weight. What the price is saying The timing matters more than the level. @AnthropicAI closed the $965B Series H in May, filed confidentially for an IPO on 1 June, and last week reported $11.5B in Q2. Days before that, its shareholders floated a $2 trillion price for an October listing. Believe in Anthropic $2T valuation? Longe here: https://t.co/TaiEPVi8hn

Thursday, August 20, 2026 at 08:18 PM UTC