DeFi Voyager
@DeFiVoyager_X
you can’t kill an industry built by survivors
💡 Sharing my DeFi strategies, knowledge and hands-on expertise
Joined June 2023
2.2K Following 5.5K Followers
What if @tradexyz has been quietly accumulating $HYPE with its HIP-3 revenue and one day simply announces it ?
They operate entirely within the @HyperliquidX ecosystem. Investing in $HYPE is, in a way, investing in their own business.
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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.
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