90% of protocols on HyperEVM have private investors and VCs. Some of them simply trying to hide it from you as much as possible, so you’ll believe no one will dump on you. As a VC, and a guy who has good connections with tier-1 VCs, I’ve seen pitch decks, valuations and tokenomics of many protocols on HyperEVM. One day, after the airdrop mania on HyperEVM ends, you'll realize that most protocols don't care about Hyperliquid's vision: their main goal is to extract value as quickly as possible while the music chair continues. Out of other 10%, 9% are just so bad, so no one even wants to invest into them. And only 1% are actually aligned with Hyperliquid ethos. Hyperliquid.