How Hyperliquid Succeeded by Going Against Crypto's Ideology First Approach
Episode publishedPodcast: UnchainedUnchained
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Hey, everyone. I'm Kane, and welcome to Uneasy Money because what happens on chain never stays on chain. I'm here with my cohost, Taylor Monahan, security expert, and Luca Netz, Pudgy Penguins expert. We are going to dive into everything in a minute, but one quick thing before we start, nothing you hear on Uneasy Money is financial advice. We're just three builders talking about what's happening on chain, and we want you to always do your own research before aping it. You can find all our disclosures at unchainedcrypto.com/uneasymoney. And before we begin, here is a word from the sponsors that
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All right. Hey, everyone. Our first topic this week is hyper liquid is morphing into the world's casino. They have, I think, had three or four hip upgrades over the last, like, six months maybe that have been, like, edging towards this, adding, you know, different asset classes, different different things like commodities, etcetera. And obviously, with all of the Iran stuff, I think we've seen, you know, a a ton of interest in oil prices, people wanting to speculate on oil prices. And so, yeah, it it's now like this twenty four seven venue for global macro trading, which is pretty crazy. So th
NFT perks, I'm I'm writing it down. NFT perks. I'm not gonna lie.
I actually don't I don't I don't think that's a bad idea. Yeah. I mean, like the purpification of everything. Right? Like, you know, if we wanna bring NFTs back, we need some demand for the underlying. And, you know, if you have a highly liquid perp on it, I think, you know, without going down too big of a rabbit hole, when people have tried this in the past, the challenge is what is the price of an NFT? You know, because they're not fungible, because everyone is unique. You know, the floor price tends to be somewhat fungible, right? Like, you know, you can say a floor Pengu is worth, I don't
absolutely fascinating. I think it is really the future of crypto being displayed and honestly and frankly, a masterclass by these guys, how it's all transpiring. Like you said, Kane, like, we've had these ideas. They've been around, but it's just working there. Is it is it is it luck? Is it a culmination? You know, who knows where we derive it, but it's phenomenal. And I'm gonna be frank when I'm looking at the crypto landscape, it's just really hard to imagine a world where Hyperliquid isn't a top five coin. So kudos to those guys and keep on trucking on. And in a world where I think everyth
Yeah. Yeah. I think
There was sorry, Gauteng.
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