Ethena x Hyperliquid collab incoming? Looks like Ethena may be teasing a perp DEX based on Hyperliquid called Hyena (@hyenatrade) Two of DeFi's biggest innovations this cycle coming together, $HYPE + $ENA Few things worth noting (all speculation): - Built on Hyperliquid's infra - UI/UX looks very similar - Uses Hyperliquid builder codes, so revenue share with $HYPE (similar to Phantom's model) - Only accepts USDe as collateral - would create more direct demand for Ethena's synthetic dollar - Already seeing incentives and rewards teased in the account's Twitter banner mockups. Something to monitor. Hyperliquid.