🆕 Grayscale Research: Hyperliquid is the breakout success story of modern digital assets. ↳ ~$800M in 2025 revenue ↳ 8th largest crypto asset by market cap ↳ No VC backing ↳ Still geoblocked in the U.S. Our latest report unpacks how it happened, and what's next. Hyperliquid. https://research.grayscale.com/reports/hyperliquid-breaks-the-mold(Grayscale)