Stop with the mid curve diversification of your perp DEX bags.
I’ve been actively clicking buttons on both platforms and hold both
$HYPE and
$LIT as the ultimate two-sided bet on the on-chain perps meta.
HL is printing real fees at scale, and the tokenomics are brutally simple.
~99% of trading fees get routed into the Assistance Fund that programmatically buys back $HYPE.
So protocol revenue and holder revenue are basically the same thing.
The FDV is still heavy with only ~34% circulating and scheduled unlocks ahead. But the cap table is relatively clean.
Now contrast that with $LIT.
Lighter p