Saurabh Deshpande
@desh_saurabh
Falling down crypto rabbit holes and writing my way out. Investing + Podcast + Essays @Decentralisedco | Prev. @TheBlock__
799 Following 2.5K Followers
Hyperliquid is the only chain whose L2 can use its order book. That L2 is now live.
Elysium has a luxury no other L2 has. The deepest on-chain order book is composable, and its apps can build on it directly.
Hyperliquid made ~$680M over the past 12 months, nearly all of it from trading fees. But spot volume is down more than 80% from the peak, and DeFi on Hyperliquid is down ~65%. While the order book has grown more diverse, every other product around it has lagged.
Elysium is where the rest can be built. Would love to see innovation in how Hyperliquid's product (liquidity) gets integrated into DeFi.
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