The reason I’m finding the discourse on Phoenix so uninteresting is: there’s little discussion of the problem they’re uniquely solving as the (capable) team’s message is being drowned out in all the back and forth. Hyperliquid’s success was due to the team solving a major problem of historically poor onchain trading experience. They solved the problem, and the traders flocked there – without the need for a coordinated shill. Along the same lines, @kdotcrypto talks often about the detailed execution and margin problems that @bulktrade is solving – which resonates, and the reason I’m a fan and pay attention. You can listen to my interviews with @0xdoug about the problems he will solve with Ambient – as well as us talking about the problems @TheHUB solves which takes the HL CoLo optimizations to the next level. (Don’t see anybody offering true CoLo at 7 microseconds, time stamping, and multi-cast in one package – unique problem solving.) Whereas Phoenix is: “Give Phoenix a spin because we need it to be successful for Solana to redeem itself from the mess we’re in with perps and for us to prosper?” I guess you’re either solving a problem or activist influencing a potential success to justify a narrative (on its heels). Probably doing the team at Phoenix a bit of a disservice here tbh as their message getting lost in the mix.