Hyperliquid has achieved remarkable success in the decentralized exchange (DEX) space, capturing a 70% market share within a year, largely due to its user-friendly product, deep liquidity, and innovative tokenomics. The platform's airdrop strategy, which excluded venture capitalists and focused on community engagement, has led to a significant increase in the value of its HYPE token, now worth over $7.5 billion. However, concerns about security and centralization persist, especially following reports of North Korean hackers testing the platform.