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0xResearch Cross-Post: How Should We Value Hyperliquid?

Bell Curve

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The Competitive Landscape of Hyperliquid

This chapter explores the rise of Hyperliquid within the decentralized exchange (DEX) sector, analyzing its potential to capture market share in the spot trading arena. It discusses the dynamics influencing trader behavior, the appeal of perpetual contracts, and the integration with the Solana ecosystem. The conversation critiques traditional exchange models and highlights Hyperliquid’s advantages as a promising protocol in the evolving cryptocurrency market.

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