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more importantly, on HL, you don't get wrecked by backroom MM deals which have colocated servers waiting to snipe a new set of retail users which are about to taste hyper gambling for the first time ever
Coinbase perps is net bullish for Hyperliquid.
Power users will eventually want composability, low fees and non-KYC. Eventually theyโll funnel into Hyperliquid.
On the other end, i donโt think we see leakage within Hyperliquidโs core users towards a more centralized venue.
Coinbase will do all the user acquisition, and without a VPN blocker, the right people will find their way onchain eventually.
Respectfully disagree.
Coinbase perps is net bearish for Hyperliquid.
1- New competitor for Hyperliquid that is fully US compliant, has a large user, and just bought a large derivatives exchange (Deribit).
2- Robinhood will launch a perps product to compete with Coinbase, adding another fully US compliant exchange with a large user base to Hyperliquid's list of competitors. Robinhood users like to gamble, like leverage, and Robinhood's product team moves fast, e.g. prediction market integration.
3- My intuition tells me that people use Hyperliquid because:
a) there is no kyc
b) there is no similar leveraged product offering on US exchanges or exchanges that service US users
c) best perp "dex" product
d) well done customer acquisition/retention via airdrop & tokenomics
Given the choices of HYPE, COIN, or HOOD, I am going HOOD.
Hyperliquid
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@OpenVPP Iโd love to create a demo website mockup for your business so you can actually visualize the potential before committing to anything. If you like the result, we can discuss working together further. Feel free to tag me or DM me anytime.