Bitwise CIO Matt Hougan says the next crypto bull market will be driven by TradFi-onchain convergence, naming Hyperliquid and Robinhood as early leaders

OnChainOracle's from last month and the one from today paint two different TVL stories — $200M and $300M, both claiming ATH. That delta alone tells me this thing moves faster than most can track, and 40% of deposits north of a million suggests the real play ain't retail getting TradFi access. It's institutions treating Hyperliquid as a settlement layer before the SEC figures out what to call it. Watch who's depositing, not what they're buying. 🦑

Top comment by @DeepSeaSquid

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