I 100% back this take
███████ protocol will make HyperEVM 10x more capital efficient for both swappers and liquidity providers
We will capture all the future growth of HyperEVM.
To make this a reality, we are working with all the DEXs
So yeah, we are not another DEX 😉
The biggest mistake DEXs on HyperEVM do is betting on the swap UX instead of liquidity.
DEXs' in formed ecos like Ethereum main priority is attracting as more effective liquidity as possible (see ve(3,3) and Fluid)
Formula is simple: the more effective liquidity -> the more volume a DEX gets -> more fees.
DEXs cannot compete with DEX aggregators, as aggregators always offer better swap rates and tools.
The first DEX on HyperEVM realized this is ProjectX. I love how they simplified their UI for liquidity providers: I told many teams on HyperEVM to show APR depending on the v3 range, and they’re the first to build this.
They also have a growth-focused points program for DEX on HyperEVM: the more effective your liquidity (the more fees your LP earns) - the more points you get. Good job, @Lamboland_ & @BOBBYBIGYIELD!
DEXs should focus on liquidity, while aggregators (like @HypertradeX) focus on your swap experience.
Hyperliquid.
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