Hyperliquid has seen:
> a sharp decline in OI since 10/10, with no recovery
> a sharp decline in daily fees, including days below $1M in fees like today
> competitors emerging with deep liquidity and lower fees taking away market share from HL (Lighter, Extended, Variational, Aster)
> 609,100 $HYPE sold via OTC by 10 team member wallets (offloaded to flowdesk)
> team members with different unlock schedules and limited transparency around them
> constant TWAP-selling pressure over the past few weeks
> the MON ticker given to Monad, despite another team having purchased it
> HyperEVM TGEs being jeeted to zero instantly
> people waiting for DATs to provide exit liquidity, which is rarely happening
> no transparency about the 43% remaining community allocation
Hyperliquid
Decline in OI
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