Builder/permissionless markets (HIP-3)
Anyone lists a perp market — long-tail volume capture
Part of the On-chain Derivatives / Perp DEX sector. Hyperliquid proved a token where demand = trading revenue (buybacks), not vaporware. The niche edge is the builder-market long tail and challengers taking share before their tokens exist — watch for airdrop/token launches.
Educational content, not financial advice.