i have almost completely missed the boat on hype but what an insane story
from a tiny perp dex that hardly anyone knew to coming head to head with binance on perps and spot
very hard for others to compete with this liquidity (maybe ethereal, lighter?)
think we gonna see the same dynamic as with cex’s where most regional cex’s are just frontends for binance liquidity with local fiat rails
very few will try to build the full-stack and just build some custom products on HL instead
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