Started using Hyperliquid to hedge and lock in airdrops profit since the end of last year ~ At that time, HL was just a perp DEX on Arbitrum, known for quickly listing trending tokens and pre-tokens. In the past year, TVL has grown from $15M to $700M, and the project has expanded from a single perp market to offering spot issuance and trading, eventually extending to L1. Starting with a high-frequency trading perp DEX to gather users, the platform then expanded from an application chain to a Layer1. Recently, dApps surrounding HL have started to appear~ #Hyperliquid

[Perp DEX Mechanism and Model]
1. Orderbook+HLP Vault(LP users gain 100% of trading fees);
2. Fast listing of trading tokens and pre-tokens;
3. Excellent API functionality, attracting quantitative traders;
4. HIP-1(token standard), a standard for issuing spot tokens, aiming to incubate small and refined dApps;
5. HIP-2(liquidity solution), enables the acquisition of initial liquidity based on HL's liquidity and algorithms.