Microstrategy clones buying up locked token supplies from paper-handed funds is one of the best case scenarios for altcoin market structure. Cleans up supply overhangs, pumps liquidity in the market, and accumulates tokens to a permanent capital vehicle.

Hyperliquid Metrics Lately. — ATH Open Interest — ATH Volume — ATH Revenue — ATH Deposits — ATH Users — ATH Market Share vs CEXs All before the Hyperliquid treasury co flywheels take form and HIP-3 goes live. There is no second best.

It is now obvious that the growth of digital dollars and stablecoins is not only the most important story in crypto, but all of finance. There are hundreds of billions in latent TradFi demand for crypto exposure, but this demand is primarily focused on a narrow subset of themes: BTC, ETH & stablecoins. The launch of StablecoinX will provide the first pure play exposure for equity investors to the fastest growing company in the most important thematic trend in crypto: digital dollars upgrading money into the internet era and eating all of finance in the process.

There's another crypto that also start with ETH and outperforming strongly past 2 days. After overcoming the brutal unlock of past 3 months, most weak hands likely cleared off and only chads remain. Combined with the biggest narrative of this cycle, I dont see why it won't reclaim ATH.

Open interest has reached new all-time highs seven days in a row. Today's OI record was $13.8B. Fees also continue to grow, with a new ATH in 24h fees of $6M.

All time high revenue daily and hourly! Hyperliquid

Treasury Cos are becoming THE meta of the cycle. Never been a better time to be a crypto major with institutional appeal.

Now is the closest it’s felt to 2021 style bull market all cycle.

DEXs have led price discovery for both $HYPE and $PUMP — the two biggest TGEs over the past year. Unsurprisingly DEX volumes have rocketed during this period vs CEXs, reaching new highs of 50%+. The primacy of permissionless finance is becoming clearer by the day.

The ticker tells you everything you need to know.