Current Meta Direction

Current Meta Direction

• Infrastructure consolidation is accelerating. Morpho raised $175M at $2B valuation led by a16z and Paradigm, while Coinbase and Circle went live on Hyperliquid with $4.46B deployed on HyperEVM.

• Tokenized equities perps are gaining serious traction. Hyperliquid's stock perps grew 3.3x in 90 days to capture ~50% of the $3.3B market. OKX and Based both launched regulated stock/ETF futures trading.