
$hype at 96 after ice said it plans to bring hyperliquid perps to the us but go back 2020 → first onchain perp goes live, dydx in april 2022 → $0.4b oi 2023 → hyperliquid launches, with no vc money 2024 → hype airdrop, 31% of supply to users. perp dexs at $2.3b oi 2025 → $8.1b today → $13.9b, hyperliquid is 57% of it 32x since end of 2022 we are still early in perpdex addoption

