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zaBor
@zabor
What's Happening with Liquidity in Non-EVM Networks? I checked DefiLama (https://defillama.com/chains/Non-EVM) to see how MODE is doing with liquidity, and decided to look into non-Ethereum networks as well. The results are quite interesting: 🔹 Solana - Leading by a huge margin with $4.7 billion. No surprise here. 🔹 TON - Second place with $770 million. Telegram's blockchain is steadily carving out its place in the market, reminiscent of Solana's vibes from the last bull cycle. 🔹 Aptos, Sui, Starknet, Near, Cardano - Combined TVL is around $1.7 billion, about a third of Solana's. Not surprising, as it’s hard to name a popular and in-demand app/service on these blockchains right now. Their ecosystems are pretty much dead. But here's where it gets interesting! 🔸 Hyperliquid - In fourth place with a respectable $650 million, right after the Bitcoin ecosystem.
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zaBor
@zabor
Let me give a quick recap. Initially, they launched as a futures DEX on Arbitrum with an active campaign farming points under the launch of their token, just like the big players. Over time, they decided to develop a full-fledged blockchain, not just a perpDEX. In my opinion, Hyperliquid is the most convenient and well-implemented futures DEX. And it's not just my opinion - after the first season of farming points ended, liquidity didn't leave the protocol as expected. Instead, people continued trading and using the exchange as intended, not just for farming.
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