In recent weeks, discussions about Hyperliquid have taken a noticeable turn. On the surface, it's about declining market share, increased competition, and a more crowded derivatives market, naturally raising the question: has it already peaked? Let's go back to the first phase. From 2023 to mid-2025, Hyperliquid was virtually the dominant perpetual DEX. Incentive programs, new contract launches, pre-listing trading, a superior UI/UX, low fees, and stability—all these combined to "force" liquidity to concentrate in one place, pushing its market share to as high as 80%. That was a phase with virtually no competitors. The turning point came after May 2025. Hyperliquid proactively shifted from B2C to B2B, positioning itself as the "AWS of liquidity." It no longer aimed to develop all its own products, but instead outsourced its infrastructure to developers, using HIP-3 and Builder Codes to let others build the front-end and handle marketing. The problem is, this choice isn't short-term friendly. Infrastructure takes time to be adopted, while competitors maintain vertical integration, launching products faster and offering more aggressive incentives. Coupled with the "hired liquidity" brought by the points season, trading volume is naturally diverted, leading to a rapid decline in market share. However, focusing solely on market share might miss the real signals. HIP-3 has begun to emerge in some atypical markets: perpetual stocks, stablecoin-specific terminals, and niche asset speculation. These aren't about short-term volume grabbing, but about expanding "what can be traded." The real key is synergy. Once the front-end integrates with Hyperliquid, it can simultaneously distribute the entire HIP-3 market, incentivizing developers and re-aggregating liquidity. Therefore, this is more like a shift in rhythm. In the short term, it's a receding tide; in the long term, the structure is still converging towards centralization. Success depends on time, not on next month's share curve. $HYPE {future}(HYPEUSDT)

Perp Dex's leading coins, Hype and Aster, both plummeted. Hype broke below the strong support level of 30 USDT, and Aster fell to 0.93 (near my CZ purchase price). These two strong-performing coins are the ones I plan to gradually invest in at the bottom next year, aiming for a 3-5x return, but I'm not buying them now. Welcome to the bear market, my friends.

$GIGGLE is va a alcanzar 200$ de nuevo el cierre de EE. Uh. Yes. #giggle #GiggleAcademy #MEME #memecoin 🚀🚀🚀 #zec

JD.com Recently Opens Recruitment for a "Stablecoin On-Chain Event Planner" Position: JD Technology Group announced on August 10th that it has opened recruitment for a "Stablecoin On-Chain Event Planner" position. This position will be responsible for developing and executing on-chain growth strategies for stablecoins, analyzing on-chain data to optimize marketing strategies, expanding collaborations with ecosystem partners such as DeFi protocols, decentralized exchanges (DEXs), and lending platforms, and planning and executing marketing campaigns. This position will also leverage Web3 industry resources to expand campaign reach and enhance brand influence. Requirements include: at least three years of experience in Web3 growth operations or blockchain marketing, with successful on-chain campaigns; extensive involvement in economic model design or growth campaigns for at least one DeFi protocol; familiarity with market growth strategies for the DeFi, PayFi, and trading platform ecosystems; proficiency in DEXs, lending, derivatives protocols, and stablecoin application scenarios; and the ability to develop partnerships and communicate across departments.

🔥 $FLOKI flips resistance like paper! Memes + practicality = a dangerous combination 💥 Don't hesitate this time—this isn't 2021 hype. #floki #MEME #BULLFLAG

Source of the article reprint: Tim Author: Ignas Compiled: Tim, PANews The Uniswap Foundation voted to pass a huge investment plan of $165.5 million. Why? Because Uniswap v4 and Unichain's performance after its release is far from market expectations. In more than a month: Uni v4's total lock value (TVL) is only $85 million Unichain's TVL is only $8.2 million To promote growth, the Uniswap Foundation proposes to allocate $165.5 million to the following areas: $95.4 million is used for funding (developer program, core contributor, validator); $25.1 million is used for operations (team expansion, governance tool development); $45 million is used for liquidity incentives. As you can see, Uni v4 is not only a DEX, but also a liquidity platform, and Hooks is the application built on it. Hooks should drive the ecological growth of Uni v4, so this process needs to be accelerated through funding programs. Detailed allocation instructions for funding budget: The $45 million liquidity provider (LP) incentive will be used for: US$24 million (subsidized in 6 months): to incentivize liquidity to move from other platforms to Uni v4; $21 million (3-month distribution): Drives Unichain total lock-in value (TVL) from the current $8.2 million to $750 million. By contrast, Aerodrome minted approximately $40 million to $50 million worth of AERO tokens per month for liquidity provider (LP) incentives. The proposal has passed the temperature check phase, but it still faces some criticism: As the industry landscape changes, Aave proposes to repurchase $1 million in AAVE tokens every week, and Maker plans to repurchase $30 million per month, but UNI holders are like "dairy cows" that are about to be squeezed out, and their token value has never been captured. UNI tokens have not enabled the fee sharing mechanism, and Uniswap Labs has earned $171 million through front-end fees in two years. The key to the entire system lies in Uniswap's organizational structure design: Uniswap Labs: Focus on protocol technology development; Uniswap Foundation: Promote ecological growth, governance and funding programs (such as funding grants, liquidity incentives). What a smart legal team. Aave and Maker have a closer interest binding relationship with token holders, and I don't understand why Uniswap's front-end fees cannot be shared with UNI holders. In short, other criticisms mainly focus on three aspects: high salaries of the core team, Gauntlet's responsibility for liquidity incentives execution, and the establishment of a new centralized DAO legal framework (DUNA). As a representative of Uniswap's small governance, I voted in favor of this proposal, but there are still significant concerns about the future of UNI holders: incentives have not been aligned with the interests of holders. However, I am a huge fan of Uniswap and highly recognize its role in the DeFi space. The current growth trend of Uni v4 and Unichain is very bleak and they need to introduce incentives to promote development. The next Uni DAO vote should focus on the value capture mechanism of UNI tokens.

Why should everyone panic and why do some brainless people say they want to reach 1.Listen to me and get it to the end of the year, and the results will be out.Today, the big cake is rising alone, while most other currencies, whether good or bad, are falling. This is a sign of the big cake sucking blood and causing panic.Next, there will be a sideways trend in the market, with Ethereum seeing 4200 in the next two days. Next, let's watch a knockoff performance.Brainless shouting day after dayJust follow and like, I don't panic even if I have millions, it's just your few jujubes who panic.At first glance, it's obvious that someone is screaming without money.#BTC reaches a new high of 100000