Matheus Parizotto

Legacy DeFi protocols Uniswap, Aave, and Sky (formerly MakerDAO) have survived multiple bull and bear cycles, accumulated dominant market shares and massive user bases, and now generate hundreds of millions in real revenue. With tokens fully circulated (no more vesting/unlock pressure) and mechanisms like fee switches and buybacks activated, valuation multiples have compressed to extremely attractive levels compared to other tech sectors, presenting a deep-value opportunity in overlooked 'old' projects.

Despite a barrage of negative news (Saylor selling, fund liquidations, regulatory delays, macro fears), Bitcoin has repeatedly failed to break below $60,000. Previously, positive news stopped having effect near the top. Now, this divergence between extreme negative sentiment and stable price suggests the bad news is already priced in, limiting further downside and creating a favorable asymmetric setup for a long position.

Hyper Liquid has built a dominant decentralized derivatives platform (Hypercore) and is expanding via a general-purpose EVM chain (Hyper VM). Its differentiated architecture and strong team are attracting significant users and builder activity, while Ethereum suffers from internal disagreements and slow upgrades. This positions Hyper Liquid to potentially surpass Ethereum and become the second-largest crypto asset by market cap.

Legacy DeFi protocols Uniswap, Aave, and Sky (formerly MakerDAO) have survived multiple bull and bear cycles, accumulated dominant market shares and massive user bases, and now generate hundreds of millions in real revenue. With tokens fully circulated (no more vesting/unlock pressure) and mechanisms like fee switches and buybacks activated, valuation multiples have compressed to extremely attractive levels compared to other tech sectors, presenting a deep-value opportunity in overlooked 'old' projects.

Legacy DeFi protocols Uniswap, Aave, and Sky (formerly MakerDAO) have survived multiple bull and bear cycles, accumulated dominant market shares and massive user bases, and now generate hundreds of millions in real revenue. With tokens fully circulated (no more vesting/unlock pressure) and mechanisms like fee switches and buybacks activated, valuation multiples have compressed to extremely attractive levels compared to other tech sectors, presenting a deep-value opportunity in overlooked 'old' projects.