One thing that doesn’t get talked about enough is how poorly CEXs handle listings of new hyped projects.
Some allow deposits but block withdrawals; others delay trading until the token has already dumped; and many let their internal market makers pump the price early on, just to dump on retail buyers.
But this is coming to an end.
Unit just bought $UPUMP on Hyperliquid to list the Pumpfun token on day one.
Hyperliquid native projects are built differently.
On most chains, projects keep the revenue for themselves, a few may buyback their own token, but almost none buy back the chain’s native token.
While they contribute volume, these projects are usually extractive in nature.
Hyperliquid projects, on the other hand, are aligned with the chain’s success and many of them use their revenue to buy HYPE and support the ecosystem.
The good thing about HYPE is that you don’t have to worry about who are the marginal buyers or about who will buy if every VC and fund has already bought.
Assistance Fund is our marginal perpetual buyer (for now).