it's not a bad take, looks criminal to say on the timeline lately but Solana probably deserves still a bigger FDV right now because of how much more there is in it. DeFi in general, consumer apps, dev ecosystem, spot vol it's proven itself through a full cycle with real usage and apart from ethereum it is the most used chain Hyperliquid is very interesting of course and definitely the best in perps and if HyperEVM attracts many builders and great apps the gap could continue to shrink and TradeXYZ is completely taking over and it's one of the biggest potential upsides we see in all crypto industry but Solana does everything while Hyperliquid does one thing really well. although much better than the rest yeah and if you want to talk about "PE ratios" in this current moment yeah it's smashing but don't forget that we are in a phase where nobody's touching in crypto while tradfi related products are still having a very good demand just feel that in a different phase of the market this gap would look actually much more compelling to buy SOL instead of HYPE so i think this take will probably not age well in the very short term but probably will do good in some months