According to Flood (@ThinkingUSD), the investability of Hyperliquid has come under scrutiny due to the ease with which competitors could replicate its model, making it a risky choice for crypto traders seeking sustainable returns (source: Twitter, May 25, 2025). This insight urges market participants to carefully assess platform differentiation and long-term viability before committing capital to similar decentralized exchanges, as high competition may compress margins and impact token value.