Hyperliquid is refreshingly healthy for this crypto cycle (2022- ).
Nothing they do is a secret: ship a reliable and performant product users use + actually make money as a product + be obsessed about channeling value back to token so investors reap rewards.
This is how cycle runners were made before the market turned tiresomely cynical, as opposed to current PvP new memecoins that fall out of relevance in 2 hours