The first to achieve crypto's "Triple Crown," Hyperliquid has L1, DEX, and stablecoin fee revenue

Odaily reports that Jeff Dorman, CIO of digital asset investment firm Arca, said in an interview that Hyperliquid is the first project to truly achieve crypto's "Triple Crown"—owning its own L1 public chain and earning both DEX fees and stablecoin fee revenue. He believes that L1 tokens themselves are not highly valuable unless they can also capture DEX fees and stablecoin fees.