HYPEHYPE / TetherUS PERPETUAL CONTRACTBINANCE:HYPEUSDT.PjhonnybrahJust getting started imo. Feels like it's the most "new paradigm" of anything else in the space; relative lack of dependence to BTC, compared to other coins, because of its success with democratizing access to GOLD, SILVER, CL, etc. AND access to Pre-IPO AND equities, etc. This comparison of Hyperliquid to Coinbase for Q4 2025 is especially interesting: Hyperliquid: $219m profit ~$7b market cap Coinbase: $667m loss ~$38b market cap More recently we've seen Hyperliquid's CL and BRENTOIL volumes at 1b in aggregate, whereas Coinbase has 1m in volume. Insane difference. Seems like it's just a matter of time until the market realizes the direction the puck is going...