Arca CIO Jeff Dorman says L1s should follow Hyperliquid: build your own stablecoin and DEX instead of letting others capture the value "The only successful layer 1 is what…
Original source excerpt
Arca CIO Jeff Dorman says L1s should follow Hyperliquid: build your own stablecoin and DEX instead of letting others capture the value "The only successful layer 1 is what Hyperliquid is doing. Like …
Arca CIO Jeff Dorman says L1s should follow Hyperliquid: build your own stablecoin and DEX instead of letting others capture the value "The only successful layer 1 is what Hyperliquid is doing. Like I said, I think you have to have the holy trinity." "Tether and Circle are both stablecoins, right? And what are they both doing? They're trying to build their own chains and they're trying to build their own DEXs, right?" "What are the DEXs doing? The DEXs are trying to build their own stablecoins and they're trying to build their own chains, right?" "What are the chains doing? Most of them are doing nothing, but what they should be doing is building their own stablecoins and building their own DEXs." "We shouldn't allow all of this value to be built on top of our blockchain without getting some of the revenue from it."
AI context is not available for this statement. The original source can be read independently.