i generally agree with this, but couple things that i would add @joeljohn: 1) perp dex's with comparable performance & liquidity to hyperliquid and also a RWA focus, but fill the void left from fact that hyperliqud still has not fixed any 10.10 issues, nor does it appear like they plan to address (ADL, HPL not taking real risk in liquidity stress). one perp dex really stands out here that doesn't have a token yet, that i dont see get talked about enough and its not lighter :) 2) intersection of crypto x ai, with a focus not on hand wavey promises but real revenue generation. clearly $near and $vvv fit that bill, as well as goated established agents ($aixbt) and emerging ones such as $clawd, $felix, $kellyclaude that are still early but building doesnt stop