Keeping crypto rails in the background

The crew digs into Hyperliquid's phenomenal rise. How did the perp DEX become TradFi's 24/7 casino?

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Hyperliquid is having its mainstream moment like Polymarket in 2024 and OpenSea in 2021. Amid the U.S.’s war on Iran, the platform has become a popular venue for speculators to express their market opinions.

Uneasy Money hosts Kain Warwick, Luca Netz and Taylor Monahan dig into choices that have allowed Hyperliquid to succeed where many others before it have failed. In a single sentence: not putting ideology over the product's goals.

Kain says the protocol may become unassailable in the future even as Luca says HYPE is bound to be a top five crypto by market cap.

The crew also discusses Pudgy Penguin's new open world game Pudgy World. Luca says “crypto rails have to be a tech stack not a hook” explaining why the game relegated crypto to the background.

Plus, how Across Protocol's move to pivot to only equity highlights the broken nature of tokens. Has Luca cracked the problem?

Listen to find out!

Hosts:

• ⁠⁠⁠⁠Kain Warwick⁠⁠⁠⁠, Founder of Infinex and Synthetix

• ⁠⁠⁠⁠Taylor Monahan⁠⁠⁠⁠, Security Expert

• ⁠⁠⁠⁠⁠⁠Luca Netz⁠, CEO of Pudgy Penguins

Links:

• Unchained:

• ⁠⁠⁠⁠⁠⁠⁠⁠⁠Oil Becomes the Hottest Trade on Hyperliquid

• Hyperliquid Launches $29 Million Policy Push in Washington

• Uneasy Money: Hyperliquid’s Dilemma After 10/10: Protect Itself or Its Users?

• The Aave DAO Is Collapsing. Is the Token Still a Good Investment?

• Uneasy Money: Why the AI Singularity May Already Be Out of Our Hands

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