# Arca CIO Jeff Dorman Calls Hyperliquid First to Pair Its L1 With DEX and Stablecoin Fees

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/51046
Published: 2026-11-07T20:05:58.000Z
Updated: 2026-11-07T20:05:58.000Z
Section: Business

> 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.