On December 15, top trader Eugene shared the highly popular DEX project Hyperliquid on his social media platform. Eugene stated

"HL (Hyperliquid) is the best Deriv DEX on the market, far ahead, and deserves the market share and fan base it has accumulated; everything that founder Jeff and his team have done so far has been correct, even paving the way for other founders to formulate the 'correct' strategy for issuing tokens.

However, since the TGE, the token price has actually been parabolic, and I believe the current price has reached a very attractive level for early airdrop participants. In my view, the promotional hype is comparable to the peak market share of the entire CT. The speed of hoarding also reflects the enthusiasm of many marginal buyers, especially above $10.

I have no opinion on the hype (long-term or short-term), but I admire their achievements in such a short time. Given that I am bombarded with questions about this topic every day, these are just my thoughts $BTC