Oksana Koneva

Application layer bargains are more appealing than base layer, JD Dorman says

Application layer bargains are more appealing than base layer, JD Dorman says
Dorman highlights application layer value

JD Dorman said that, in his view, the most attractive opportunities are found at the application layer rather than the base layer. Laura Shin reported that Dorman discussed HyperliquidX, which he described as processing between $70 million and $100 million a month, and stated he would assign a value of $20 billion to $25 billion to it.

Shin has previously covered incidents involving key players in the digital asset space. In March, she reported that Papertrade.xyz halted token transferability after users attempted to profit from losing trades, according to company statements. Earlier, critics questioned whether the $250,000 payout for an XRP Ledger bug matched industry standards, drawing comparisons to Google’s own rewards programs.

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