Opinion: Hyperliquid's greatest moat lies in its tokenomics; a 30% token airdrop and low-price TGE benefit the community

BlockBeats News, on December 9, crypto analyst pickle stated that Hyperliquid's biggest moat actually lies in its tokenomics. Lighter and other Perp DEX competitors may be able to achieve equally excellent UX/UI, and even attract and retain liquidity by "paying for order flow" to hide fees (creating the appearance of lower costs). However, Hyperliquid does not have the kind of poor tokenomics where a large number of tokens are acquired by VCs at low prices, who then continue to sell at higher prices after making several times their profit, creating selling pressure. This advantage of Hyperliquid cannot be replicated by anyone. Especially allocating 30% of the tokens for airdrops, allowing the community to buy at low prices and then start an upward trend. Such an approach is even more impossible for competitors to imitate.

According to market data, the HYPE token price has fallen to its lowest point since May 21, currently at $27.7, down 9.1% in the past 24 hours.