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i have a question for the hyperliquid ecosystem
something i have been trying to figure out myself and i don't have an answer
what is the value-proposition of crypto-native hip-3 front end businesses????
if all hip-3 assets get added to hyperliquid core, why would a user trade on an hip-3 dex and pay 2x fees???
other than 'farm more airdrop points' that is
if we look at what role each component plays in distribution/manufacturing, and compare to tradfi models, you can think about it like this:
hip-3 dex = broker (distribution)
hyperliquid = exchange (manufacturing)
except in this case, hyperliquid is also offering distribution
and at half the cost of any hip-3 dex (broker)
each hip-3 dex is essentially a distribution business, and so provided they can reach new market segments and net-new users, i understand
but every hip-3 product so far is built for existing crypto users that have easy access to hyperliquid core
so i'm not really understanding the growth proposition
am i missing something????
builder codes i understand
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