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Author | Xian Rang Interviewee: Shawn, Developer of Hyperliquid Ecosystem LSD Project The recent Jelly short-squeeze incident involving Hyperliquid has sparked widespread industry discussion and debate. While some critics have taken the opportunity to accuse Hyperliquid, others have sided with centralized exchanges like Binance and OKX, advocating their supposed superiority. In response, the Xian Rang team conducted an in-depth discussion with Shawn, a developer working on an LSD project within the Hyperliquid ecosystem. Topics discussed included Hyperliquid's technical architecture and current status, the vulnerabilities exposed by the Jelly incident and potential improvements, the fairness of KOLs attacking Hyperliquid while siding with centralized exchanges, and future trends within the exchange sector. Below is the transcript of the conversation: 1. Wuyue: Could you briefly introduce yourself? Shawn: I entered the blockchain industry in 2017, focusing primarily on technology, i...

Popular YouTuber Cilinix Crypto shares an update on the Pepe Unchained presale, which will conclude in 16 days. The Pepe Unchained presale is ongoing and has surpassed the $52 million mark, reflecting growing investor confidence and interest. The project is building a Layer 2 blockchain around the Pepe theme, designed to be an Ethereum-based EVM chain. The ecosystem will bridge between Ethereum and the Pepe chain, offering low transaction fees and high volume capacity. While the product itself is still in development, the project has already showcased its ambitions, including the creation of a decentralized exchange (DEX), a bridge, and a block explorer. These developments suggest that Pepe Unchained is aiming to create a functional ecosystem, which is essential for its long-term success. The project has also introduced initiatives like “Friends with Benefits,” a program that funds ecosystem development, ensuring a more solid project foundation. Furthermore, the team ha...

“Daily Active Addresses” is one of the most misused metrics in the crypto space, often creating confusion with “Daily Active Users.” Experts have urged people to stop using “DAA” when evaluating users’ activity for fundamental analyses, and recent data shows why. Often referred to as “daily active users,” the Daily Active Addresses (DAA) indicator measures the number of crypto wallet addresses that performed at least one activity (or transaction) in a day. At first glance, this could be a valuable metric for crypto fundamental analyses, considering users are essential for any ecosystem. However, “addresses” are not the same as “users” – especially true for bot-dominated chains like Solana (SOL) and now Base (ETH). Picks for you Congressman discloses $175 million i...

Trading volumes on the decentralized exchange (DEX) dYdX v4 exceeded $600 million. According to CoinMarketCap, from Jan. 17 to 18, trading volumes on dYdX were $603 million, with the decentralized exchange beating out the second highest DEX by volume , Uniswap, which saw $479 million in volume over that same time period. Source: CoinMarketCap Against recent indicators, Uniswap has lost its market share and now has 9.1447% versus dYdX’s 11.5086% total of DEX market share. Amid the news of the exchange’s daily volumes , the DYDX token has risen by more than 10% over the past 24 hours. At the time of publication, the asset is trading at around $3.2. Source: CoinMarketCap In October 2023, dYdX developers announced the project’s transition from Ethereum to Cosmos as well as the launch of dYdX v4. Before the release, they revealed the source code of the blockchain. Testnet was launched in July 2023. Users could then place market and limit orders and gene...