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At CRCL’s P/S ratio, Hyperliquid would be trading at ______
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0xkydo
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Other than zkSync, I don't believe anyone has made significant progress on a complete privacy stack.
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The checks and balances in L1s are beautiful. Stakers: Congressional - Control financial resources Operators: Judicial - decides what is the network by picking version of the node software Network Developers: Executive - Implement the changes to node software
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If Hyperliquid has shown anything is that product obsession outweighs narrative in trading. Why? Because your target customers are sophisticated traders who can smell bullshit from miles away. The next new exchange won’t be built on retardio narrative but on real product differentiations.
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