11min chapter

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Is Hyperliquid an L3? | Tolks, Max Fiege, and 0xOmnia

0xResearch

CHAPTER

Debating Hyperliquid's Layer Classification

This chapter explores the classification of Hyperliquid within the blockchain ecosystem, debating whether it should be categorized as a Layer 3 or Layer 1 solution. The discussion highlights market perceptions, valuation metrics, and the subjective nature of blockchain categorization while addressing potential criticisms and the future competitive landscape of Hyperliquid. It underscores the significance of technical execution and user experience against the backdrop of evolving regulations and political dynamics in the crypto sector.

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