@Hypoliquid @TholosApp Hyperliquid.

@0x_RWA Do you think this is a fatal flaw for Bera @0x_RWA or just launch tribulations with tough market timing?

@WeROneLiving Just always tough to incentivize testnet participation.

@basedscarf Right @basedscarf - this tweet is just focused on that early action but agree that this should ideally be just a blip long term

@vikramcantsingh good products are made to be used. great way to put it @vikramcantsingh

@iamtheapebro @felixprotocol @LiquityProtocol Are you wondering how you need only enough feUSD supplied to match collateral at risk @iamtheapebro?

@bjnpck @felixprotocol @LiquityProtocol Haha great fix sir @bjnpck. Forgive my blunder

@basedscarf Hence second point of HL PMF pre-TGE. Something Bera was not able to have @basedscarf

@0xYongyong You think big players won’t hold hype because they want the liquidity in USDC to trade more, or what’s your thinking there?

@ruggedleon right @ruggedleon and that level of execution at the product level pre-TGE is just not easy to do. just not going to happen often at all

@France_Capital Ty @France_Capital and yes, agree on the markets piece. Timing can be make or break in the short term - hopefully not on a 6-18 month time horizon or something else is fundamentally wrong

@Keisan_Crypto respect this mid-Guinness analysis sir haha. HYPE is one of the few trades in crypto where you can watch the revenue roll in real-time. no need to wait 1 year, 5 years, or 10 years post-launch for real usage. smart money can certainly see this as you said

Spot-on here as always @whiskeyrobber_. The one piece I would play devil's advocate with is the mindshare side. Would almost guarantee more people have known the name "Berachain" over the past 12 months than "Hyperliquid." (And yes, maybe not top traders but top accounts for sure). But this probably bolsters the point that mindshare is really just table stakes at this point, and then it comes down to building a product users actually want to pay for.

@0xYongyong Has to be something about product market fit before TGE too @0xYongyong imo. Something that other L1s usually just can't do unless they have a desired first product before building out the L1 like HL

@lRichRNG Definitely. Do you think this was mainly a difference in market conditions at time of launch?

@Keisan_Crypto Would be curious to see Assistance Fund buyback affect in those early days due to fees from trading and how that fed the flywheel Power of product market fit before TGE is pretty major

@cyberkitty3x lol just be careful of short squeeze sir @cyberkitty3x

@ruggedleon Maybe so haha - trying to give BERA the benefit of the doubt, but after seeing HYPE launch, it is not easy. Different market timing though, which is a factor that Bera did not have in their favor