《Hyperliquid's Dimensionality Reduction Strikes Solana》

In recent days, the funds of Sol and Base have been continuously drained by Hyperliquid.

The Hyperliquid project is making money even from blind purchases, while Sol and Base are losing money despite being leaders.

Why is Hyperliquid so impressive?

Jokingly speaking, if Sol is a chain in a data center, then Hyperliquid is a standalone chain.

Transactions on Hyperliquid do not require gas fees.

Regardless of Solana's high TPS or Base's Layer 2 expansion solutions, they cannot compete with the fact that Hyperliquid charges no gas fees.

Look at the current situation where you need gas to mint a meme on Sol, and not only that, bots take 1% while DEX charges in the thousands.

On Hyperliquid, there are no gas fees, and the transaction fee is only 0.03%, with speeds almost on par with centralized exchanges.

The experience on Hyperliquid has delivered a dimensionality reduction blow to Sol, directly undermining Sol's advantages.

Hyperliquid's product positioning is something that has never been attempted before:

It is more decentralized than CEX and more transparent.

It is more centralized than public chains, with lower friction costs.