【VanEck: Hyperliquid has not attracted a large number of developers, and its market value is at risk】 According to Golden Finance, asset management company VanEck released a research report on January 6 stating that the Layer-1 blockchain network Hyperliquid has become one of the most valuable blockchains since issuing the HYPE token through an airdrop in November, with a market value of approximately $25 billion. However, VanEck pointed out that Hyperliquid's emerging smart contract platform 'has not yet attracted a large number of developers.' VanEck warned, 'If Hyperliquid fails to meet the growth expectations of its community, many new HYPE millionaires may quickly face a prisoner's dilemma.' It added, 'We are seeing another Icarus-like story about cryptocurrency arrogance.' (Icarus is a character from Greek mythology who fell because he flew too high, serving as a metaphor for failure due to pride.)