BlockBeats News, December 9th, Cryptocurrency analyst pickle stated that the biggest moat of Hyperliquid is actually its tokenomics. Lighter and other Perp DEX competitors may be able to achieve the same excellent UX/UI, and even hide fees through a "payment order flow" (achieving seemingly lower costs), attracting and retaining liquidity.However, Hyperliquid does not have such a bad tokenomics, nor has it had a large number of chips taken away at a low price by VCs, who then continued to sell off at high multiples of profit to create selling pressure. This advantage of Hyperliquid cannot be replicated by anyone. Especially by allocating 30% of the tokens for an airdrop, allowing the community to buy at a low price, and then initiating an uptrend. This kind of operation is something that competitors cannot imitate.According to market data, the HYPE token price has dropped to its lowest point since May 21st, now trading at $27.7, with a 9.1% decrease in the last 24 hours.