Before the start of this season, BNB was more than half its all-time high. And people thought it might never reach its peak again. However, with the start of this bull market, BNB's extremely high trading volume and various positive factors, such as the launch pool, not only pushed BNB to its all-time high but also doubled its all-time high. Hyperliquid's biggest challenge will be how well it manages to survive until the next bull market and maintain its market leadership. I was particularly disappointed with HyperEVM this time, as they failed to launch a single decentralized exchange (DEX) on-chain. Perhaps to maintain their anti-large corporation model, they didn't even offer the ubiquitous Uniswap. This was a bit disappointing from a DeFi perspective. The DEXs listed on Hyperevm, like Kitten, Hybra, Uphibal, and Ramses, were all small, unverified DEXs. Big whales couldn't farm large sums of money on these platforms, fearing they might fail or be hacked at any moment. It's a shame that at least one major franchise DEX, like Uniswap or PancakeSwap, hasn't joined. It's also ironic that there's a significant demand for farming on other chains after bridging Hype via wormholes to avoid such risks. In particular, there's a surprising amount of Hype bridged to Unichain. I believe that the fact that Hyperevm is overloaded with amateur DEXs is one of the reasons for its downfall.