Arca CIO: Hyperliquid achieves the "three crowns" of cryptocurrency

Jeff Dorman, the CIO of the digital asset investment company Arca, stated in an interview that Hyperliquid is the first project to truly achieve the "three crowns" of cryptocurrency, which means it has its own L1 public chain and earns revenue from DEX transaction fees and stablecoin transaction fees.

He believes that the value of the L1 token itself is not high unless it can also earn DEX transaction fees and stablecoin transaction fees.