🚀Hyperliquid: The Perp DEX That Refuses to Die! 💀 (Spoiler: It’s Still #1)

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Analyst Patrick Scott, that eternal optimist with the soul of a poet and the cynicism of a man who’s seen too many crypto winters, claims Hyperliquid still wears the crown in the Perp DEX arena. 🎩🚀 Despite a “minor” hiccup-read: losing 82% of its trading volume share to rivals-it’s allegedly thriving. Because nothing says “dominance” like clinging to a sinking ship with a gold-plated life jacket, right? 🛶💸

In a post on X (formerly Twitter), Scott declared Hyperliquid’s fundamentals “unshakable.” Unshakable? Like a cockroach in a nuclear winter? 🪳💣 He praised its “loyal user base” and “growth plans,” which sounds less like a business strategy and more like a cult leader’s manifesto. 🙃

The Aster “Miracle” and Its 5-Minute Fame

Scott addressed Hyperliquid’s drop from 45% to 8% trading volume. Why? Because Aster, Binance’s chaotic spawn, briefly became the belle of the ball with a $270B volume surge. 🎩💥 Aster’s rise was less “legit dominance” and more “circus act”-a sugar rush fueled by free token promises. 🍬📉 Scott called it an “anomaly,” which is analyst code for “this shouldn’t happen in a sane universe.”

Hyperliquid, he argued, thrives on “sticky” volume-the kind that sticks around like gum under a shoe. Not flashy, not free, just… enduring. Like a bad marriage. 💍💔

Hyperliquid’s Empire of Sand and Silicon

Scott insisted Hyperliquid’s user retention is “unmatchable,” a claim that rings hollow if you’ve ever seen a user leave a platform for, say, oxygen. 🙄 He praised its profitability-a rarity in crypto, where “business models” often mean “hope and prayer.” Hyperliquid’s revenue-to-value ratio? 12.6x. That’s not a metric; it’s a horoscope. 🌟

And let’s not forget HyperEVM, the blockchain hosting 100+ protocols. It’s a “thriving ecosystem,” which in crypto translates to “we have a Discord server and a whitepaper.” 🧠⛓️ Projects like Kinetiq and Hyperlend are “homegrown gems,” which sounds less impressive when you realize they’re also namedropping Phantom. 👻

The HYPE Token: A Pyramid Scheme With Benefits?

Hyperliquid’s HYPE token, Scott claims, will magically appreciate through “network security” and collateral use. Sure, buddy. And my NFT of a raccoon in a top hat will fund my retirement. 🦝🎩 The stablecoin USDH, with a $25M cap, is “poised for growth,” which is analyst-speak for “we need this to work or the whole house of cards collapses.” 🏚️📉

Risks? Scott admits they exist. If volume plummets, or USDH tanks, or the moon turns green, Hyperliquid might… gasp… not be #1 forever. But hey, in crypto, “risks” are just opportunities for someone else to lose their life savings. 🎰💸

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2025-10-03 16:26