.@HyperliquidX has now reached the scale where it can fend off competitors in the aggregate. Newcomers need to improve the model in a quantifiable, meaningful way. I tried to work with @AveryChing et al. but the opportunity quickly faded...
CBB
CBBApr 19, 2025
Perp platforms like @Lighter_xyz doing points program, funded by VCs, using tech buzz words no one cares about and pumping their metrics with wash trading are a pathetic attempt at reproducing Hyperliquid unique success.
There is no real incentive to trade in other venues when all that accomplishes is fragmenting liquidity
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