Undoubtedly, @HyperliquidX is the "great innovation" of this cycle: When everyone thought Hyperliquid was the leader in the Perp Dex track, benchmarking against "on-chain Binance" with a CEX-level interactive experience, a group of followers emerged, igniting a Perp Dex narrative craze: When Hyperliquid launched HIP-3, proving with trading volume and OI that it was indeed an "on-chain Nasdaq," and on-chain Binance was no longer its goal, you panicked again, and then rushed to develop asset tokenization businesses, all wanting to snatch a piece of the pie from Wall Street's old man; However, Hyperliquid launched HIP-4, using a brand-new Outcome settlement financial primitive and innovatively integrating into the currently popular prediction market narrative. Finally, you helplessly discovered that Hyperliquid's truly invincible narrative is the blockchain endgame, the "L1 dedicated application chain," and one that can disprove the Ethereum L2+L3 application chain combination. Are you scared yet? How are you supposed to catch up now?