W (W)

personal update:

my time at the wormhole foundation has come to an end

i had joined the foundation as their APAC lead and was later promoted to head of global expansion where i led a global initiative covering 10+ regions with 300+ fellows

my role also gave me the opportunity to work w policy makers, institutions, stablecoins issuers, top tier defi teams etc etc + also work on the wormhole sigma program, supporting early teams

the most fun i’ve had during my time at wormhole was interacting w the community both online and irl - im eternally grateful to all the fellows who supported the program by always showing up

excited for what’s next for wormhole w new updates on portal, sunrise, mayan and so much else always cooking

i still believe wormhole is a generational company + leadership across all the wormhole contributors is top tier and i can’t recommend working w the team enough, this opportunity was life changing for me - thank you @danreecer_ for everything

will def miss hosting the monthly ec

Wait… you’re telling me Backpack FDV ≈ $1B
while Hyperliquid is at $30B?

And one is Neo-Fin, regulated, institutional-grade infrastructure
while the other is just a DEX with vibes?

FYI Backpack is:
• CEX + DEX hybrid DNA
• Wallet infra
• Vault / LP of last resort
• Fiat on/off ramps
• Licensing & compliance (paid millions upfront)
• Proof of Reserves
• Zero token sales
• Global expansion only half unlocked (~48%)

Math not mathin.
Crypto valuations are a circus.

Either Backpack is insanely undervalued…
or some of this space is criminally overvalued.

Send it higher. Way higher. 🎒📈