HyperLiquid

Dropped

Tier

5/5

Not just a perp DEX, but the king that proved you don't need VC money to build a multi-billion dollar protocol. Did a legendary airdrop that made thousands of degens rich overnight. Sentiment around the project is incredibly positive. But staying here doing stuff purely for farming the next drop is a bad idea, since metrics here are bigger than all DEXes combined. Better look at small newcomers built on HL for that.