1 min read
Arca CIO Jeff Dorman Calls Hyperliquid First to Pair Its L1 With DEX and Stablecoin Fees
He argued that an L1 token has little value on its own unless the project also earns fees from a decentralized exchange and stablecoin.

Arca Chief Investment Officer Jeff Dorman called Hyperliquid the first crypto project to combine its own layer-1 blockchain with fees from a decentralized exchange and stablecoin.
He argued that an L1 token has little value on its own unless the project also earns revenue from decentralized-exchange and stablecoin fees.