BlockBeats news, on December 4, Zhu Su, co-founder of Three Arrows Capital, stated on social media, "The current rise of HYPE is mainly driven by its L1 narrative, but my bullish reason is that it has won a portion of the U-based perpetual contract market on mainstream trading platforms. Whether it is wise to reserve future supply for future seasons will be my biggest concern."
BlockBeats note: Hyperliquid is an L1 designed specifically for decentralized derivatives trading, and its mainnet has not yet launched. Its vision is to create a decentralized Binance. As of now, Hyperliquid has not accepted any investments. The Hyperliquid Foundation stated in the announcement of its genesis event that in the token distribution: "There is no allocation for private investors, centralized trading platforms, or market makers." Currently, deposits and withdrawals on Hyperliquid still need to be bridged through Arbitrum, with over 60% of USDC tokens on the Arbitrum chain held by Hyperliquid addresses. As an L1, Hyperliquid's ecosystem is not yet mature, with everything from browsers to DEX operating in a self-operated model, and all technological innovations and development focuses on enhancing the performance of the decentralized derivatives trading platform.
