Bitwise CEO: The crypto industry was accustomed to projects lacking strong traditional metrics and underestimated Hyperliquid's potential

```htmlJinse Finance reported that on June 26, in response to Multicoin Capital's analysis and valuation report on Hyperliquid, Bitwise CEO Hunter Horsley tweeted that people are underestimating Hyperliquid's potential. The crypto industry has long been accustomed to projects lacking strong traditional indicators (such as user numbers, revenue/fees earned by token holders, etc.). Therefore, people's instinct is to measure its scale relative to projects with larger market capitalizations. For example, if ETH's market capitalization is X, then the market capitalization of other tokens might be Y% of that. This way of thinking is outdated. The era of CoinMarketCap rankings has come to an end. We are now entering a new era. Platforms with real substance may be more valuable than people expect.```