I want to amplify one thing: Hyperliquid is L1 and it is an app-specific chain. While the thesis was that L1s have no chance and app-specific chains have no chance, because we tried both and both failed. And then boom you have app-spec L1 that pretty much flies to the moon. The idea is simple: if someone has tried something and failed – it doesn't mean it doesn't work. It depends on ton of factors. If you know something other didn't know and want to go for it after 100 people failed – go for it. You never know