In 12 months, @HyperliquidX made $390M and trading bots (including @tradewithPhoton, @TrojanOnSolana, etc.) made $1.2B in profits.
The appetite for low-caps is huge. @pumpdotfun alone launched over 10M tokens in 12 months.
"What's the problem?"
Perpetuals and low-caps exist in isolation. Only 0.0001% of spot tokens have perpetuals.
Who's building this?
