These days, positions shared by major whales including the account rumored to be Barron Trump are drawing attention. What’s notable is that most of these trades are happening on @Hyperliquid. At first, I thought Hyperliquid’s popularity would fade soon after its successful airdrop. After all, it’s a highly centralized network with fewer than 30 validators. But now, the majority of positions circulating in the market are being opened and closed on Hyperliquid, as seen on platforms like Hyperdash. It’s already secured a solid foothold in the market, with both trading volume and position sizes growing significantly. Given the aftermath of the FTX collapse and the uncertainty surrounding CZ’s absence and ongoing legal troubles, users may have turned to Hyperliquid as one of the few exchanges that’s relatively resistant to censorship. What’s clear is that they’ve managed to turn the hype from their airdrop into real ecosystem growth and there’s definitely a lot to learn from how they’ve executed this.