The Next Big Thing for Crypto could be SuperApps. Fintech superapps like Nubank, Revolut, and Cash App generate billions in revenue by bundling financial services into one interface. But they're constrained by permissioned banking systems built on traditional rails. Crypto superapps unlock capabilities traditional platforms can't by aggregating permissionless protocols such as spot trading, perps, lending, prediction markets, and more. These are modular primitives that can be integrated rather than built from scratch. Composability means services can be stacked in ways impossible within closed systems. Imagine using tokenized treasury yield as collateral for a loan to trade perps. Or moving between derivatives, prediction markets, and private credit without context switching. Four tailwinds could make this viable now. Smart accounts and intent based execution have solved the UX problem. L2s and high throughput chains have made settlement fast and cheap enough to rival centralized exchanges. Regulatory clarity is improving. The asset menu has expanded enough to actually keep users engaged onchain. Hyperliquid is a good example of this playing out. It built a dominant perps exchange with an ecosystem that is building around its liquidity. Hyperliquid has over $2.7 trillion in cumulative volume. The HIP 3 upgrade turned it into an app store platform, and developers are now launching liquid staking through Kinetiq, yield tokenization through Pendle, and a mobile superapp called Based24 with its own Visa card program. Own the user and their primary interface and the rest follows.
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