0xlykt

Introduction

Heaven is a launchpad and AMM on Solana. Its key differentiator is its flywheel mechanism, where 100% of protocol revenue is used to buy and burn its native token $LIGHT forever. Heaven is designed to support projects which accrue revenue to their launched tokens. Thus, every launch on Heaven gets its own flywheel address, where everything sent to that address is aped into the project’s token and burnt. Although launches are permissionless, Heaven features a permissioned fee structure designed to prevent scam tokens from extracting value from the ecosystem.

The $HYPE TGE was one of the most successful TGEs in recent history, launching at around $2.5 in November 2024 and reaching an ATH near $40 in May 2025. While this massively successful price action has led many to question if it is still a good investment at current valuations, I believe Hyperliquid’s potential surpasses that of Solana, BSC, and in the long term even Ethereum. In this article, I will offer a detailed analysis of Hyperliquid’s growth metrics and unique features which are easily overlooked, explaining why Hyperliquid is still undervalued for the immense growth potential it has.

1. A true CEX competitor