Jake Chervinsky at TOKEN2049 Singapore dropping clarity on $HYPE:
Most people still don't get it. Hyperliquid isn't just another perps exchange.
It's infrastructure. A base layer anyone can build on top of.
No native exchange. Just rails for others to plug into.
If you're still comparing it to CEXs or simple DEXs, you're missing the whole point. This is about composability and permissionless access to liquidity.
Pay attention.
Most people still don't get it. Hyperliquid isn't just another perps exchange.
It's infrastructure. A base layer anyone can build on top of.
No native exchange. Just rails for others to plug into.
If you're still comparing it to CEXs or simple DEXs, you're missing the whole point. This is about composability and permissionless access to liquidity.
Pay attention.