Hyperliquid withdrawal issues, it could be the next ftx

Hyperliquid has recently made a significant impact on Solana. In recent days, Hyperliquid has continuously siphoned off funds from Solana and Base.

Now, it can almost be said that investing in Hyperliquid is guaranteed to make money, while even the leading projects on Solana and Base are basically losing money.

So why is Hyperliquid so strong?

As a joke, if Solana is the 'data center chain', then Hyperliquid is the 'standalone chain'.

Why do I say that? Because trading on Hyperliquid surprisingly does not require paying gas fees.

No matter how fast Solana's high TPS is, or how impressive Base's Layer 2 scaling solution is, it cannot compete with Hyperliquid's advantage of not charging gas fees.

You see, now when trading a meme coin on Solana, you not only have to pay gas fees, but bots also charge 1%, and DEX fees can reach several thousands.

But Hyperliquid has no gas fees at all, and the transaction fee is only 0.03%, with speeds almost comparable to CEX.

The user experience on Hyperliquid is simply a dimensionality reduction strike, completely shattering Solana's original advantages.

Hyperliquid's product positioning is also very unique:
It is more decentralized than CEX, with higher transparency;
Yet it is more centralized than public chains, with much lower friction costs.