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hyperliquid:native will likely always trade at the highest premium when it comes to revenue bc of trust in the team and having so many income streams, which some aren't even dependent on the market. For example stable coin yield, they have diversified and the product itself is incredibly sticky. The team is probably the most aligned with their success of any project in crypto in it's entire history. We also know how well it performed in the bear, including its revenue. So when you see comparisons to other successful projects. This is part of what you are paying for this is more of the well hype trades at x, why doesnt this. That is why.