Nftsbot

the binance hack moved $6.36b across 10 chains in about 20 minutes on oct 29. it also moved fees. two networks spiked the most: ethereum and hyperliquid. what drove each one, and who got paid: 1/ ethereum l1 fees: ~$250k/day ➜ $6.58m on oct 29 (26.3x) and $4.57m on oct 30 (18.3x) the oct 29 number came from about 4 hours of activity. the hack started at 20:05 utc. why: + $3.79b of the stolen funds were on ethereum. stablecoins can be frozen, eth can't. so the attacker rushed to swap usdt into eth before tether and circle froze it + 325m usdt went through uniswapx and 1inch orders at $2,657/eth while the market price was $2,284. then direct pool buys pushed uniswap's main weth/usdt pool to 38% above market + bots race to close price gaps like that. to get in first, they paid block builders 10,251 eth in tips between 20:30 and 01:00 utc. in the same window the night before: 4.6 eth + lenders pulled out too. by the morning of oct 30, aave's usdt pool held $4,707 + regular users barely noticed. normal gas stayed under $0.01. the spike came from bots outbidding each other for block position, not from every transaction getting expensive ➜ the hacker lost $119m to bad prices. traders and bots kept ~$60m of it. ethereum builders and validators took ~$29.5m. that's what the fee chart shows 2/ hyperliquid fees hit $6.36m on oct 29, a 30-day high. perps volume doubled to $17.44b why: + liquidations: ~$252m in 24h. that's big, but hyperliquid was #2. binance itself liquidated $754.6m, about 49% of the $1.53b market total. 83.8% of all liquidations were longs + on the same day, ice (nyse's parent) announced an investment in @tradexyz to build a us venue for 24/7 perps on hyperliquid, pending cftc approval. $hype ran to $97 (+20%) before the hack hit ➜ hyperliquid's spike is two stories at once. part of that volume had nothing to do with the hack what's next: binance started reopening withdrawals on nov 1 (btc first) and says ~95% of the losses are replenished. so the outflow data is only starting to come in. that's the number that shows whether users are leaving, not fees. ➜ one forced trader paid for this fee spike, and bots and validators collected it. it isn't organic demand, and oct 30 was already 31% below oct 29