Hyperliquid Is The First Crypto Super App

How, how, how are you guys feeling? Maybe Matt, I'll kick it off to you.

Uh, we're in the May muddle.

This is like a depressing, uh, sideways down market.

I, I think the world is worried about, uh, sort of a, a broad risk-off trend.

As a result, they're not sticking their necks out the risk curve.

Uh, crypto is caught waiting for clarity.

So we're sort of in the old sell in May and go away kind of vibe.

Um, I think, I think we more or less muddle along until we have a resolution on, uh, either Iran or inflation or some of the, the risk-off concerns, uh, and/or, uh, clarity actually makes it through.

I don't see a lot of short-term catalysts for the, at least the majors, uh, ahead of that, and I think there's, there's also sort of a rising negative sentiment around ETH that is weighing on the market.

There's a corner of the market that's doing well, right? Hyperliquid doing well.

Uh, NEAR doing well.

Um, you know, uh, maybe Zcash doing well.

So there, there are a few areas of bright spots, but broadly speaking, I think it's a sort of, uh, May malaise that has affected the crypto markets.

I, I think...

And, and, you, you know, you said that this is this kind of bad period, let's just say.

I'm looking at Bitcoin volatility, and to me, to many people, I feel like this is max pain, just seeing Bitcoin move from between seventy-five to eighty-one over and over again is, is like horror.

There's no actual clear direction.

And then, like you said with that, with the, um, larger, let's call it macro and geopolitical backdrop, um, I also feel like it's, it's, it's hard to compete against even, you know, 5% yields.

Like, that's doesn't do well for risk assets, which I still classify Bitcoin as now.

So yeah, overall, very tough time.