What did @dYdX do wrong? dydx gave a bigger airdrop than Hyperliquid back then ($2b vs $1.6B initial value)

dydx had 5 years to build the most competitive product, and generated more than $530m in revenue

dydx also built its own chain, so it had all the tools to make the best-performing matching engine

What did they miss, and what can they do to become competitive again?

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