Sam(@0xCryptoSam):The takeaway from this tweet is .hls think that TradeXYZ launching their own product would be corrupt and egotistical and so insulting and how could Shoku ever do that to them?!! (that’s showbiz, baby). Replace this scenario with a contract renegotiation: 70% of fees go to Trade, 30% go to Hyperliquid. Now how do you feel, anon?

2026.07.25 11:57

The takeaway from this tweet is .hls think that TradeXYZ launching their own product would be corrupt and egotistical and so insulting and how could Shoku ever do that to them?!! (that’s showbiz, baby). Replace this scenario with a contract renegotiation: 70% of fees go to Trade, 30% go to Hyperliquid. Now how do you feel, anon?

Sam@0xCryptoSam

2026.07.25 01:06

As a HYPE bull during the Cambrian explosion of RWA perps, you should ask yourself the following questions: 1) if TradeXYZ left Hyperliquid tomorrow and launched their own exchange, where would you go to trade RWA perps? 2) if TradeXYZ launched a stock/token, how would you value HYPE differently? 3) what is the likelihood of #1# and #2#? I don’t intend to be a bear, but I’m pretty confident in my answers to #1# and #2# and I’m not naive enough to say I (or seemingly any major allocator) knows the answer to #3#. And before the .hl’s whine in my comments, this is not meant to slight either protocol, it’s to state a fact: TradeXYZ holds a large and growing amount of leverage over Hyperliquid.