$HYPE and $SUI have similar current market capitalizations and similar MC/FDV ratios: •SUI: Market capitalization approximately $12 billion, FDV approximately $33.7 billion → MC/FDV ≈ 0.36 •HYPE: Market capitalization approximately $12.7 billion, FDV approximately $48.6 billion → MC/FDV ≈ 0.27–0.33 However, their August revenues showed a striking disparity: •SUI: Only approximately $900,000 •Hyperliquid: Over $106 million, with nearly $400 billion in trading volume At the same valuation, HYPE's revenue is 1,177 times higher, demonstrating the cash flow advantage of DeFi's perpetual trading. This also highlights the reality of similar market capitalizations but starkly different business models. SUI may need to create its own Hyperliquid to generate revenue. Otherwise, the monthly DeFi subsidies are just a disguised form of mining, withdrawals, and selling, slowly entering the next death spiral. *Note* I hold HYPE & SUI 🙏🏼

$HYPE hits 100 Maybe I'm going to retire.

We currently have several strong proposals for @HyperliquidX USDH. All are redeemable and regulated. But decentralized stablecoins are great (@CurveFinance crvUSD is a standout)! Therefore, we recommend reserving dUSDH (or any viable alternative) as a crvUSD clone, backed by HLP and/or HYPE, and managed by Hyperliquid. This would benefit the ecosystem while fostering further growth! https://t.co/kM1ltHbuMG

$HYPE and $SUI have similar current market capitalizations and similar MC/FDV ratios: •SUI: Market capitalization approximately $12 billion, FDV approximately $33.7 billion → MC/FDV ≈ 0.36 •HYPE: Market capitalization approximately $12.7 billion, FDV approximately $48.6 billion → MC/FDV ≈ 0.27–0.33 However, their August revenues showed a striking disparity: •SUI: Only approximately $900,000 •Hyperliquid: Over $106 million, with nearly $400 billion in trading volume At the same valuation, HYPE's revenue is 1,177 times higher, demonstrating the cash flow advantage of DeFi's perpetual trading. This also highlights the reality of similar market capitalizations but starkly different business models. SUI may need to create its own Hyperliquid to generate revenue. Otherwise, the monthly DeFi subsidies are just a disguised form of mining, withdrawals, and selling, slowly entering the next death spiral. *Note* I hold HYPE & SUI 🙏🏼

RT @SUPERFORTUNE888: The atmosphere at the 2025 MrBlock Taiwan Summit during @TaipeiWeek was amazing! 🔮🫶🔱@MantaNetwork and @superanonymousk brought...

Retweet @degennQuant: Hyperbeat Taiwan @mrblocktw conference! $HYPE

RT @JIQQYJONES: It's great to connect with friends old and new. Thanks to @mrblocktw for the wonderful closing party for #taipeibl as always...

RT @SuperKoiBinance: I had the pleasure of attending the annual @mrblocksummit conference hosted by @mrblocktw today. The conference focused on emerging trends such as DeFi, Layer-1 infrastructure, AI-enhanced networks, and ecosystem tools. I was particularly impressed by the fact that the keynote speaker from @SeiNetwork was recruited from OKX...

RT @jhaninvest: This is the @mrblocktw After Party 🙈

RT @jhaninvest: WTF @ZeeverseGame is so awesome this year! Is this planning something big? #MrblockSummit