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It's been awhile but we're finally back with a research piece with @Uncoilhype and this time round it's about HIP-4! Give it a read and let us know what you think

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Permissionless HIP-4 can bring more markets onchain, but the bigger question is where the liquidity goes as those markets multiply. Our latest piece, co-written with @hypurr_co. https://www.hypurr.co/blog-posts/uncoil-x-hypurrco-when-hip-4-markets-multiply-where-does-the-liquidity-go #Hyperliquid #HYPE

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Hei.hl @Heidi_Hypurr · D

@hypurr_co @Uncoilhype 1st to list means nothing if you can't build the deeper book 🤔 tradexyz vs kinetiq on NVDA proves it

Hokuto @hokutotrading · D

Good breakdown! The TradeXYZ vs Kinetiq NVDA example is the whole argument in one data point, same exposure, one book essentially dead. We treat every deployer's version of a market as its own qualifying test for exactly this reason... "outcome market exists" and "outcome market has tradeable depth" are two different questions.

SKYLINE🥷 @Skylinee · 139K A

@hypurr_co @Uncoilhype liquidity is gonna be the real test

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