Recently, Hyperliquid has been very popular, especially its auction mode, but I've searched high and low without finding the entrance.

Here are some observations to share:

1. Product Style: FTX

The UI style is very similar to FTX, and the development of functions is also similar, friendly to traders but generally for retail investors; the founder comes from a background like Sam, also a trader.

If Sam hadn't entered, Jeff would probably have followed this narrative route as well.

2. Product Logic: DYDX

The entire product logic is quite similar to DYDX, also depositing money from various chains into their own chain.

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But it seems that this is not the official network yet.

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Currently, it only supports deposits from arb and does not support other networks yet.

3. Auction Mode: Hydax

At first glance, the auction mode reminds me of Huobi's Hydax, which is essentially the project party brushing money, indirectly giving money to the exchange. Of course, this model was later mishandled by Huobi.

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Hyperliquid's model seems to suggest giving this money to HLP users.

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I really couldn't find the entrance; logically, shouldn't it be on the official website? Very strange, I only found an entrance to a personal website created by a fan.

All projects in the crypto circle are side projects, so everyone should not be biased:

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You shouldn't be biased just because NFTs aren't truly decentralized.

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You shouldn't be biased just because DeFi is a circular operation.

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You shouldn't be biased just because inscriptions are redundant.

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You shouldn't be biased just because memes are community PvP.