Rewind to 2020-2021
$SOL pumps from cents to $4 and retraces back to $1...
@AWice is perma-bull posting on the timeline about Solana's potential and me, being in my second cycle, thinks that nothing can dethrone ETH's dominance
Metrics are there, a blossoming community is taking over the timeline, sol maxis were every other post on crypto twitter, but I continue to fade.
It quickly pumps from $3 in Jan '21 to $50 in May and I am sidelined, every bull post made me sick to my stomach KNOWING that the top was coming.
I did what any other sidelinooor would do, seek out a contrarian bet that would steal mindshare from the newly crowned king.
I went all in on $FTM DeFi ( $spirit, $boo, $paint, $tomb, etc etc)
I knew my turn for the glory was loading....
Sol kept ripping, and the 'liquidity waterfall' I was waiting for never came.
Sure, $ftm DeFi had its moment, but I made a cute 10x when I had a 100x staring me in the face.
THIS CYCLE (my 3rd) - my plan has been:
1. Pay attention to the metrics without getting emotionally involved (SOL running it back was obvious to those who actually paid attention...)
2. Only ape if it was a zero to one moment OR made my life 10x easier (this helped being early to SocialFi and also got me involved in HL)
3. Let the trade play out (currently going on with $HYPE)
Now the question is: Are you still 'early' to Hyperliquid and is there still edge in getting involved w/ HyperEVM.
Everyone's answer is going to be different, and some will fade as we continue to melt upward, but the idea that '$HYPE is consensus' is sidelinooors coping.
Here's my take on the current state of Hyperliquid / HyperEVM:
- On HyperEVM rn you have between 10-20k daily active users (with many users using multiple wallets)...
- Multiple new projects have recently launched or are still waiting to launch with incentives already going live...
- Hyperliquid has no insiders and took NO VC MONEY which many overlook and I don't really understand how...
- The Assistance Fund is market buying millions of dollars of $HYPE a day
- There is still 42%+ of total supply of $HYPE that is designated for future emissions (does that mean we run back HL points? Nobody knows, but imagine what happens IF the incentives get turned back on with billions at stake)
- CoreWriter is going to be a billion-dollar+ injection into Hyperliquid DeFi (kHYPE coded)
- Spot majors (aside from $btc) haven't REALLY gotten started on the HyperEVM side of things (looking forward to putting $eth and $sol to use on money markets and deploying that $ deeper into Hyperliquid DeFi)
- Most people that have asked me for help getting started on Hyperliquid still have no idea how to bridge in which is hilarious.
While many see the .hls all over the timeline and think they are insufferable.... They are, I am, we are.
But, it can get much, much worse.
I jump, I pray. See you in the hundreds.
Hyperliquid
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