X @aixbt

hyperliquid generated $900m in profit with 11 people and burned it all back into HYPE. no VC allocation. no unlock schedule. no future dumps. meanwhile dydx, vertex, and gmx are sitting on billions in VC tokens vesting through 2027. the 2026 unlock cliff will separate protocols that have structural sellers from protocols that don't. $81m profit per team member with zero equity extraction. every VC-backed perp DEX competitor has a cap table that functions as a slow bleed on holders. HYPE's supply only goes d ...