Hyperliquid is in Big Trouble 🧵

Hyperliquid was one of the biggest airdrops in the industry > the numbers speak for themselves :

• $HYPE hit a new all-time high
• TVL is at an all-time high
• Community motivation is at an all-time high

But unfortunately, I'm disappointed with the HyperEVM ecosystem.

There’s nothing innovative or groundbreaking happening with dApps on HyperEVM.

Every EVM chain has the same old DEXs and lending platforms.

What’s new or unique in the HyperEVM ecosystem ?

Hyperliquid is successful because of its core product. Otherwise, like many other projects : people would’ve moved on after the airdrop.

But they built something worth using :  that’s why we’re seeing millions in daily revenue.

Can we say the same for HyperEVM ?
Unfortunately : NO

Most of the TVL growth is being driven by airdrop hype not by product value.

I salute @chameleon_jeff and the team for what they've built on Hyperliquid. 

But I’m sure even he knows we need real builders on HyperEVM : people who let their products do the talking.

A true Hyperliquid fam ♥️