Proprietary tech is no longer the moat it used to be. The real defensibility now: integrations and partnerships. Every platform connection takes competitors time to replicate. Every partnership brings leverage you did not have to build. #startups#

Priority fees on @HyperliquidX over the last 7 days: $340K (across 1.9M fills) on HIP-3 markets, $105K (across 631K fills) on crypto markets. The gap is almost entirely memory: SNDK, SKHX, MU and SKHY account for approximately 60% of HIP-3 priority fees, with SNDK alone at $79.5K against $24.8K for BTC and ETH together.

[Priority Research – Series 9 PV] Priority Research – Series 9 will be available soon! Are you ready to start their development process? HD version: #AzurLane# #Yostar#

Priority Fees tracking is live at Priority fees are HYPE burned to move faster on Hyperliquid. Two separate burns: write priority, where you pay for a taker order to be filled sooner, and read priority, an auction for faster market-data reads. Both fully tracked. What you can track: - Priority fees as a share of all Hyperliquid revenue, and how that share is growing over time - Which markets pay the most priority, and where it rivals or beats the trading fee itself - Daily HYPE burned for priority since launch, in dollars and HYPE, split write vs read - An annualized run-rate you can model yourself, with sliders for priority growth and HYPE price - The wallets paying the most, 24h and all-time, and how concentrated the spend is - The live read auction in real time, and who is winning it right now - Cost per fill, total fills, and the user base growing over time Hyperliquid.