If you're wondering who the marginal buyer will be at $20 billion, remember that
- HL is faster than Solana
- Has a better UX than Drift
- Its present value of future MEV is in the trillions
Hyperliquid is the culmination of all of Multicoin Capital's thought leadership. And
Thrilled to share that Iโve joined @LayerZero_Core to help build out the investor relations function alongside @Daryllautk.
After leaving Messari late last year, I knew I wanted to move beyond just research and investing - I wanted to build. I spoke with several protocols and
The game theory for HYPE is becoming apparent.
Multicoin Capital has done such a great job at creating valuation frameworks for these protocols (L1s and perp DEXs) that it is trivial for institutions to extend it to Hyperliquid.
Once they do, they'll arrive at the simple
If you're wondering who the marginal buyer will be at $20 billion, remember that
- HL is faster than Solana
- Has a better UX than Drift
- Its present value of future MEV is in the trillions
Hyperliquid is the culmination of all of Multicoin Capital's thought leadership. And
It's starting to feel like H2 2020 right now.
Solana played out like Chainlink, the early outperforming exception of the last cycle - unfairly sent to the depths of Hades with all the ICO sinners. Both had useful tech growing adoption, big announcements, and a massive repricing
Ethereum Researchers are worried ๐
- The amount of ETH staked has consistently grown (as I had predicted) and shows no sign of stopping.
- Along with that, Lido's share too has remained high and is nearing a key threshold of 33%
MegaETH's scale is so impressive that any time you run the numbers, all intuitive projections get blown out. While the market is pricing it as yet another L2, my model finds the opportunity is actually much MUCH larger.
I've modeled out four scenarios:
๐ BULLISH - MegaETH
My latest report with estimations for Coinbase's Q4 net revenue. Spoiler, I expect a significant beat versus consensus expectations.
This outperformance is not just because of the return in crypto sentiment but also the companyโs strong execution during the bear market and smart