A Candid Statement I believe HyperLiquid ruined the altcoin market. HyperLiquid succeeded in creating a revenue-generating protocol and a structure where the protocol's profits are distributed to HYPE token holders. Since then, people have come to regard it as justice for blockchain projects to generate immediate profits and share those profits with token holders. A standard for judging the value of altcoin investments has essentially been established. Now, the countless altcoins that used to mint tokens by selling dreams must answer questions such as, "You can't even make money," and "So what do I get if I hold these tokens?" To address this, the most realistic and proven projects are, naturally, those like perp DEXs or prediction markets, and countless copycats of HyperLiquid are flooding the market. Since selling unrealistic dreams no longer works, the pace of innovation in infrastructure and technology that does not generate revenue has slowed down. A standard for judging value has been established in the crypto market, which grew through the selling of dreams, and I believe it is difficult to return to the altcoin market of the past. Sometimes I miss the days when Einsteinium coins used to rise on Einstein's death anniversary...
This article is machine translated
Show original

Sector:
Telegram
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




