Hyperliquid.

The perps DEX that's actually being used. 50B+ in volume, real liquidity, and HLP vaults printing for LPs.

No VC dump incoming. Community-first distribution. HYPE token already 10x'd from genesis but the protocol revenue share model means this isn't just another governance token.

If you're not watching $HYPE and the vault APYs, you're missing the narrative. This is what happens when you build product-market fit before hype.