It's true that Solana is crushing it with 24-hour app revenue — roughly double Hyperliquid's.
But here's the catch: SOL's price performance has been terrible.
This highlights a key difference in token economics:
On Solana, most of that revenue flows straight into the pockets of the individual dApps and protocols. $SOL holders get almost nothing. There's very little value accrual back to the SOL token itself.
Hyperliquid works differently. The majority of its revenue comes from its own perpetuals DEX. And 97% of that is used to buy back $HYPE tokens and burn them — directly boosting scarcity and value for HYPE holders.
Same high on-chain activity, but very different outcomes for token holders.
Revenue ≠ Token value accrual.
Hyperliquid is redefining what’s possible for on-chain trading. Sub-second latency, massive throughput, and a genuinely decentralized order book. The future of DEXs is here. 🚀 #Hyperliquid#DeFi#Crypto
STEPN GO AND ADIDAS TO LAUNCH LIMITED-EDITION 1200 PHYSICAL SNEAKERS FOR NFT HOLDERS
- @Stepnofficial, the move-to-earn Web3 platform, announced a collaboration with Adidas, unveiling 1,200 limited-edition Ultraboost 5 physical running shoes.
Key Highlights:
- The sneakers will be sold only on the MOOAR marketplace starting December 13, 2024, and will be accessible exclusively to holders of STEPN and STEPN GO x Adidas Genesis NFTs.
- Each pair will carry the STEPN GO logo, blending Adidas’ performance technology with STEPN GO’s active lifestyle ethos. Winners will receive randomly assigned colors.
Timeline:
1. Raffles will be held from Dec. 13 to Dec. 17, with multiple entry opportunities.
- Priority access for STEPN and STEPN GO x Adidas Genesis NFT holders.
- Additional raffles for the ALTS by Adidas and STEPN apps communities.
- Broader participation through contests on X (formerly Twitter).
2. Claims: Winners can claim their sneakers between January 6 and January 22, 2025, following a three-week trading period for raffle tickets.
A New Era for STEPN GO:
- Since its September 2024 Public Beta Launch, STEPN GO reportedly grown its user base with features like the Haus System, allowing users to lend NFTs, share earnings, and onboard friends into Web3 without needing a wallet.
- The upcoming launch builds on the success of the STEPN GO x Adidas Genesis NFT collection, introduced in April 2024.
[Image generated by BSCN using AI]
🚨 GIVEAWAY ALERT 🚨
Who WANTS to join my STEPNGO 𝗛𝗔𝗨𝗦?
🔸14 Days
🔸3 Energy
🔸10% Guest $GGT
HOW TO ENTER
1️⃣ Follow @Stepnofficial & @Pouya_n0
2⃣ Like & Retweet this post
3⃣ Tag 3 friends & Post a photo of your favorite food or drink #STEPNGOHaus
🗓️ Until October 12
One of our venues in Life is the Pokeverse, where every #pokemon fan can buy, trade and play with their real world trading cards against others in our #metaverse and compete in tournaments on @Metacade_
Available on #Pokeween! Win a TCG pack by follow, like and share in 24H!
Unleashing the STEPN GO x @adidas Genesis Trainer 🚀
We’ve teamed up with @adidas to bring their latest Ultraboost 5X sneaker to the world of #STEPNGO.
🔥 GIVEAWAY ALERT! 🔥
Want to own the NFT of the icnoic Ultraboost sneaker? Here’s how you can win:
1️⃣ RT + Like this post
2️⃣ Tag 3 friends below
3️⃣ Follow @Stepnofficial
📆 We’ll draw one random winner on October 14, 8 AM UTC
👟 Calling all sneakerheads, Web3 adventurers, and fitness fanatics—this is your chance to flex the Ultraboost!
⚠️ This is the ONLY tweet for this post, always verify it's @Stepnofficial.
Restaking natively will be a huge part of our upcoming Surge campaign!⚡️
Learn more about Connext's efforts to expand the ability to Restake From Anywhere by adding support for Linea and further improving interoperability on EigenLayer.📜