Hyperliquid
raised $0
ignored every VC trying to throw money at them and self funded instead
VCs who didn’t want to be sidelined had no choice but to buy from the market
did a historic 31% airdrop worth $1.2b at genesis, worth $11b today
built the most efficient business in the universe with just 11 employees. $1.2b total revenue
(nasdaq makes $1.1b revenue with 9,162 employees)
hl revenue goes into the assistance fund for
$HYPE buybacks
they already bought back 3.61% of total supply. now holding $1.2b worth of HYPE
on top of that, hyperevm has a HYPE burn mechanism
did $3.4t total volume without a mobile app
because it has no competition in UI/UX, low latency and liquidity
in the perp dex space it has zero real rivals. only centralized exchanges that hate it
with hip-3 they already shipped 24/7 stock perps
and much more is on the way
big part of the team unlocks was restaked a few hours ago
(something you usually can’t even see where it goes in other teams)
sits at a $35b fdv without any major cex listings
honestly, it deserves far more
moon that