According to BlockBeats, on December 27, Zhu Su, co-founder of Three Arrows Capital, wrote, “Unless a black swan event occurs, I think we are in the early stages of Hyperliquid. The team has done a great job in designing a community around a profitable product.
There have been other successful perpetual contract trading platforms in the past, but these have generally returned less value to token holders. In some cases, tokens were used directly as issuance to generate USD fees, which were pocketed by shareholders, which was effectively a stealth sell-off. In other cases, despite the success of the token in generating a community, its underlying product had little usage. This is a feature of most DeFi Summers. It is extremely rare to have both. Hyperliquid's spot listing is a simple auction, and the value return goes directly into the token itself. "