AVI

You really can’t compare Hyperliquid and $Supra on the same level. Hyperliquid is laser-focused on building the best on-chain exchange infrastructure, and they’re doing that very well. But Supra is not “a DEX project.” Supra is a vertically integrated L1 that combines consensus, oracles, randomness, automation, bridges, and multi-VM execution into one chain. That’s already a fundamentally different scope. Now, regarding Supra Liquid: It isn’t “just another funding vehicle.” The purpose of a dedicated token in a modular DEX environment is to separate incentives and risks between the core L1 (SUPRA) and the DEX product (Supra Liquid). Hyperliquid didn’t need a second token because their chain and their DEX are essentially the same product. Supra is different: it’s a base chain for a whole ecosystem of Super dApps. A DEX on top of Supra is one of many apps, not the chain itself. Having an isolated token for Supra Liquid actually protects the Supra coin from unnecessary inflation or risk exposure. If everything were forced through SUPRA itself, it would blur monetary policy and create conflicts between L1 security incentives and app-level liquidity incentives. So yes — Supra Liquid might look on the surface like Hyperliquid, but the context is totally different. Hyperliquid is a DEX with its own chain. Supra is a full L1 with integrated infrastructure, and Supra Liquid is just one of many Super dApps that will showcase what’s possible. That’s why saying “they’re the same because they both use ‘liquid’ and have a DEX” is missing the point. Supra is building an entire vertically integrated ecosystem, not just trading infrastructure. ✅ So in short: Supra doesn’t need to be measured against Hyperliquid because its scope is way larger. The Supra coin will already be critical for security, governance, cross-chain operations, and automation, while a separate DEX token helps compartmentalize inflation and incentives.