On Hyperliquid vs. general purpose blockchains like Solana / MegaETH While I’m still bullish on DeFi composability, for Perp DEXs, I’ve moved deeper and deeper into the camp that composability is not a big deal (at least for most potential use cases). What more can you offer that Hyperliquid won’t be able to add through core + EVM? Do those applications actually matter? Perps seem to be the sink and nobody is willing to sacrifice a worse perps experience for added composability to ecosystems that don’t have much else to offer for the typical trader. Seems to have become more of a buzzword to justify (in select cases) worse products. In a way, builder codes, hip-3 / 4, portfolio margin etc. get you to the same outcome (third party participation and the ability to use your collateral) without the added complexity. Also factor in exploit ripple effects like we saw with Drift and Aave and the value proposition looks even less attractive. Happy to reconsider just a question I’ve been thinking about.