HYPERLIQUID: INNOVATING ON-CHAIN PERPETUAL TRADING

Summary from the TLDR Crypto newsletter

Hyperliquid has quickly become a leading DeFi platform, offering a high-performance L1 with an onchain perpetual exchange and spot trading platform. It has already surpassed established competitors in TVL and daily trading volume, introducing features like the Hyperliquidity Provider Vault for passive LPing. Its competitive fee structure, upcoming EVM support, and potential token release position it favorably, with valuations ranging from $1 billion to $3.5 billion.