
Greg Phillips
@gphil
Founder @Dexosphere / Formerly: CTO @NewfoundGroup, Co-founder/CTO @RentHubHQ.
ID: 11080922
https://gphil.net 12-12-2007 09:07:21
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Based on today's Hyperliquid / $jelly saga, my takeaway is that Hyperliquid is not really decentralized in the sense that they were able to manually unmanipulate the market. They are sort of an onchain CEX (which is not necessarily bad) but clear they are not a DEX after this.







Was digging into JIT activity on Base and Ethereum — big thanks to Greg Phillips + Dexosphere for the per-event TVL data — and found some wild ones. Like someone deploying $12M in a mint → swap → withdraw trio dance… to walk away with <$3 profit 🙀 Hard to compete when the JIT





