Ryan

Do you think there's something similar here where like Morpho is kind of just going to become the fintech backend for a lot of fintech startups?

And that's where they're going to be able to get their loans from.

They're just going to use more from the back end, where Aave is a little bit more for the consumer.

It's a little bit more for the individual rather than the institution to kind of just like be their decentralized bank, their decentralized money market.

Do you think that's a fair comparison?

I think it could be.

Let's talk about Hyperliquid.

Hyperliquid, definitely the dominant perps platform.

So many attempts to dethrone Hyperliquid.

Some have not succeeded, but they have nonetheless won some traction.

Lighter comes to mind and perhaps a few others.

But just this game of the perps winning the perps platform race seems to just be constantly being played over and over and over again.

Do you think Hyperliquid retains its position in 2026?

Do you think it grows more dominant?

Do you think it loses dominance?

What do you think?

Bankless Nation is the third week of January.

It's time for the Bankless Weekly Roll-Up, the Clarity Bill.

It took front and center.

It was in the Senate.