#ETF与衍生品 HL has plummeted from 80% to 20%, seems like it's reached a peak? But this guy might be planning an even bigger move 🎯

Shifting to B2B mode, pushing HIP-3 and Builder Codes, essentially aiming to create an "liquidity AWS." It will definitely be tough in the short term, after all, competitors are still aggressively incentivizing to attract traffic, and Lighter is now catching up 💔

But this is the key—once HIP-3 gains volume, developers can deploy perpetual stocks, IPO exposures, various niche assets on it. These markets can be directly accessed from any frontend (Phantom, MetaMask, etc.), instantly activating user liquidity. This is a virtuous cycle 🔄

The real turning point isn't now, but when those super apps based on HL emerge, attracting non-crypto-native users to enter. By 2026, HIP-3 trading volume will dominate, and HL will return to dominance 😤

In the short term, it’s indeed tough, but the long-term strategy is brilliant. Now, you can either wait for airdrops or preemptively position in HIP-3 projects 👀