Part 10/14:
Conversely, Aster's initial token distribution was substantial—total supply of 8 billion tokens, with over 53% airdropped via multiple rounds, fostering long-term engagement through tiered unlocks over seven years. This prolonged distribution introduces ongoing selling pressure, but also sustains user participation and governance involvement.
Adoption, Market Position, and Risks
Hyperlquid has carved out a dominant real-world niche: over $6.5 billion in total value locked (TVL), nearly 700,000 users, and over $2.7 trillion traded. Its integration with Circle for USDC onboarding points to mainstream institutional backing, translating into consistent revenue streams and a trusted infrastructure.