These paragraphs in the screenshot were written around the $HYPE TGE in 2024 Since participating in Hyperliquid for 23 years It seems that Twitter is all about Hyperliquid Today, let's summarize the essence behind it becoming a phenomenal project And take this opportunity to talk about the common track thinking Mobile phone code word stream of consciousness expression Readability is relatively poor, and people who are destined to meet and understand it Track thinking is a useful way to make money But there is no way of thinking that goes straight to the essence This is because the simplest and most effective way for people to identify patterns is to judge them through their superficial features For example, a project went viral Just look for projects similar to the track to invest Before Hyperliquid came along In 21-24, the DEX track in the form of Orderbook is close to falsification No one believed that this DEX could have a chance to surpass CEX This is because whether it is the huge scale of financing $DYDX, the $APX that Binance resources take care of overtly and covertly, or $GMX's attempts have failed From the perspective of track thinking, $HYPE is just the next ordinary project This is also the essential reason why many CTs are biased against Hyperliquid before the market opens But often a phenomenal project can bring up a track After Hyperliquid became more and more impossible to ignore People use track thinking to chase the so-called next Hyperliquid For example, chasing Lighter Backpack Aster and so on This is an understandable and profitable way of thinking These projects are not bad either But I want to grasp the essence of phenomenal products We have to think deeply about what makes him special This is because only by catching Long Yi can you have the opportunity to maximize your benefits The same horse After the red rabbit horse appeared, you went crazy to buy the same horse stuff on the market It's like a crucian carp crossing the river After making a small amount of money, only emptiness remains Exercise your judgment through the target It is the eternal topic of every individual in this market So what makes Hyperliquid stand out? See Figure 2 I think that the product is easy to use is only the most basic surface The top assets in the currency circle all have a premium of spiritual attributes The so-called real Cultish Community does not rely on cheap Meme Generators to post a few memes that are not funny at all, and then gmgn Instead, it relies on generous distribution of benefits to form a community of interests that is closely united and team-centered “community-owned” It may sound cliché But to put it another way "Fight the local tyrants to divide the land" "The cultivator has his field" Familiar? This is also Figure 1 Before the opening, I set the tone for the core spirit of Hyperliquid At that time, I never looked at the so-called revenue or OI data This is because the story and the pattern of benefit distribution bring about the subsequent project progress, which determines that the ceiling is very high Many project products can also do very well But follow the traditional financing method Naturally, 20-30% of the chips will be easily eaten by the rentier class, and because of the cycle factor of LP Once you leave, it is difficult to feed back the project This is also the reason for the death of most VC projects in past history However, it is not uncommon for benefits to be distributed to communities in large quantities It is not uncommon to have a strong leadership core and a strong team But the two are combined The nature of the project has changed This is because most smart teams are willing to cede benefits to VCs In exchange for low-risk start-up capital This is understandably the choice of smart people But a strong and visionary core leadership team Use your own funds to help the project survive the cold start period And transfer the benefits to the community to develop together It is rare, rare The essence of human nature is unchanging The development of history will always be mapped in a certain time and space scene Provide us with the wisdom to penetrate the appearance and get straight to the essence It's been a long time since I've seen a similar project in the currency circle