This is going to be a very long thread explaining why I am so bullish long-term on Hyperliquid, the Hyperliquid ecosystem and $HYPE, including some points which people might easily overlook.1. The Perp DEX
Hyperliquid has proven to be the only perp dex that can compete with CEX volumes and OI, and it completely dominates all other perp dexes in market share. We can attribute this dominance to a few main reasons:
- Best in class liquidity and execution. Other perp dexes struggle with illiquid orderbooks, limited asset selection, lack of advanced order types and occasional latency issues. Hyperliquid experienced these issues in its early stages, but managed to fix them quickly and has dominated ever since.
- Low fees relative to CEXes. Hyperliquid has the lowest fees (0.035% maker and 0.01% taker, decreases with more volume) for futures trading compared to all the major CEXes.
- Organic growth instead of mercenary capital. Hyperliquid usage actually rose after $HYPE TGE, in contrast with other perp dexes with metrics that fall off a cliff after they TGE.
