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Daily Brief

The HyperEVM Opportunity

Citizen Brief: gm, can Hyperliquid strike gold yet again?
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Feb 20, 20253 min read
The HyperEVM Opportunity
Published on Feb 20, 2025
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Sponsor: Frax — Fraxtal Ecosystem: Where DeFi Meets AI.

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NEED TO KNOW
SEC Rebrand?
  1. 🚫 SEC Dismisses Its Own Appeal Over Crypto "Dealer Rule." The SEC is already kicking off efforts to unwind Gary Gensler's legacy at the agency.
  2. 🚔 SEC's Crypto Enforcement Unit Gets Rebranded. Meet the 'Cyber and Emerging Technologies Unit.'
  3. 🇦🇷 LIBRA Memecoin Backers Lost $251M: Nansen. Some big money was lost from the collapse of the Milei-endorsed memecoin.
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Daily Market Snapshot: Donald Trump won his second term three months ago and sent Bitcoin prices soaring. Flash forward to the present, and BTC hasn't budged much, trading inside a relatively tight range while investors wait for a breakout.
Prices as of 5pm ET 24hr 7d
Crypto $3.23T ↗ 1.6% ↗ 1.2%
BTC $98,275 ↗ 2.0% ↗ 1.9%
ETH $2,734 ↗ 0.8% ↗ 2.5%
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CHEAT SHEET
Yap-to-Earn

Every Thursday, Citizens get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇

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PLAY OF THE WEEK
The HyperEVM Opp
Bankless Analyst: Jack Inabinet

Hyperliquid is already processing billions of dollars in trades per day and has solidified itself as a go-to destination for onchain degens looking to leverage trade crypto tokens.

Its HYPE airdrop last December stunned industry observers with lucrative six-figure paydays for many participants. Now, Hyperliquid is leveling up with the HyperEVM, a general-purpose blockchain that allows developers to innovate on Hyperliquid’s existing offerings.

And the best part? The majority of HyperEVM protocols are tokenless, meaning airdrop rewards could be on the way for early network users! If you missed the first Hyperliquid airdrop, don’t sleep on this list of top drop opps. 👇


FRIEND & SPONSOR: FRAX

The Fraxtal ecosystem is expanding at lightning speed—this month’s biggest highlight is IQAI.com, the newest Agent Tokenization platform from IQ and Frax. IQ is building autonomous, intelligent, tokenized agents launching on Fraxtal in Q1. Empower on-chain agents with built-in wallets, tokenized ownership, and decentralized governance—all within a fast-growing Fraxtal ecosystem.

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CITIZEN-ONLY TOKEN RATING
Lido V3 Turnaround?
Bankless Analyst: Kazu Umemoto

ETH has been unstaked at a relentless pace in recent months. With Lido being the top liquid staking protocol, how will this dynamic impact LDO price?

Every week, our analyst team gives bullish or bearish ratings on new tokens. Get access to our LDO rating in the Token Hub by becoming a Citizen! 👇

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.