Hyperliquid has now entering the stablecoin wars. We have multiple proposals from Paxos and Agora seeking to provide Institutional grade infrastructure and Genius Act compliance sharing 95% and 100% of the revenue generated from USDH back to the assistance fund respectively. The amount of deposited USDC eclipses $5Bn and I do not expect this to slow down as Hyperliquid scales to offer more markets on-chain via HIP-3 dutch auctions making traditional markets like indices, commodities and equities to on-chain users. The DEX will soon direct 99% of all protocol revenue to buybacks and now 95-100% of the revenue directed from USDH to buybacks of HYPE. Why is Hyperliquid eating the world of on-chain finance? Because the team does not suffer from token/equity value bifurcation. The cashflows directed to the token attracts die hand holders, Institutional interests via DATs and a whole new wave of builders fighting to make the ecosystem better. Simply put everyone wants to trade where the flows are and those flows have the best liquidity and value accrual flywheel in the world. Yes in the world. There is simply no other company doing this in crypto or outside of crypto. I hope this bull post is sufficient. Hyperliquid $HYPE