Defi
Arca CIO Jeff Dorman Names Hyperliquid First Project With L1, DEX and Stablecoin Fees
COINOTAG·November 6, 2026·1 min read
Arca CIO Jeff Dorman named Hyperliquid the first project with an L1 token, DEX, and stablecoin fees, building a valuation call on that unique combination. He argued that an L1 token alone holds limited value, but Hyperliquid's integrated ecosystem changes the equation.
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