Out of the top 10 highest TVL chains, @HyperliquidX has the 2nd lowest natively minted assets ratio 87% of assets on HL are non-native the TL;DR is - Hyperliquid is showing to be one of the best execution venues in recent years - The native ecosystem is tiny. We're going to see a few big winners soon with almost 0 competition - Strong usage, but weak native developer adoption (for now) I'm heavily sidelined on the ecosystem and have been doing a bit of research this week, and I feel that while we're not so early on the token MC and price, native apps are still a small fraction of the ecosystem in other words, I think there will be some big cooks born in the HL ecosystem, so I'll keep a close eye