It exploded.
Just saw the data from the hyper backend that Vida uncovered, Hyper's daily active users are only 3 to 4000, with 75% from the US and less than 1% from CN, it's too brutal.
A valuation of 30 billion, only 4k users?????
To put it in perspective, Cake has an 800 million valuation with a million users.
gmx is taking the high-end route, valued at 90k with 5k daily active users.
$HYPE
Bitcoin vs tokenized gold: Why are you here?
In the crypto space, discussions about tokenized gold often fall into a misunderstanding: trying to use the metrics of the old world to measure the territory of the new continent.
Choosing Bitcoin is essentially choosing a faith. What you are investing in is not a “better gold,” but a brand new operating system designed to disrupt the traditional financial system.
Its value comes from absolute code law, globally distributed consensus, and being the most sensitive sensor for global dollar liquidity. In times of liquidity overflow, it is the asset that expands the fastest; conversely, it is also the one that retracts the most violently. The so-called “digital gold” is just its periodic narrative; its core is the extreme combination of risk and revolutionary opportunity.
Seeking stability at this door is no different from seeking fish up a tree.
Tokenized gold, however, often falls into an awkward compromise. It tries to bottle the old world’s wine in a blockchain bottle.
For investors seeking stable value preservation, traditional gold ETFs (like GLD, IAU) that have been validated for decades, with transparent fees and stringent regulations, are a purer and cheaper choice. For adventurers pursuing excess returns in the crypto market, its tepid volatility is utterly unappealing.
Therefore, the core of this debate is not which is better, but “Why are you here?”
If you are here for the vision of changing the world and the high volatility of excess returns, Bitcoin is your best bet. But one must recognize clearly: it is the bearer of liquidity and is inevitably fragile at high positions.
· If you are only here to combat inflation or hedge risks, the mature gold ETF market has already provided a better solution. Purchasing tokenized gold often just pays a premium for the “blockchain concept” without achieving substantial breakthroughs.
