[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![simononchain Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1757040549276659713.png) Simon [@simononchain](/creator/twitter/simononchain) on x 5156 followers
Created: 2025-07-14 20:14:46 UTC

In hindsight, exchanges not listing $HYPE backfired spectacularly.

By forcing users to bridge and actually use Hyperliquid for exposure, they created a reflexive loop where: 

→ Users realized the product is genuinely better than CEX and started using it beyond getting $HYPE exposure 
→ Drove more adoption, accelerating the CEX/DEX shift and giving Hyperliquid more market share 
→ Users bought more $HYPE as they grew bullish on the long-term thesis

The blacklisting (due to threat perception) only strengthened their position. Streisand effect.

![](https://pbs.twimg.com/media/Gv2BiNla4AEBASD.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944853096590717184/c:line.svg)

**Related Topics**
[adoption](/topic/adoption)
[cex](/topic/cex)
[loop](/topic/loop)
[hyperliquid](/topic/hyperliquid)
[listing](/topic/listing)
[exchanges](/topic/exchanges)
[$hype](/topic/$hype)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/simononchain/status/1944853096590717184)