
The Arrival of the Hyperliquid ETP and the Shadow of Institutional Capital: How PGirlsChain Points to True Decentralization
European ETP giant 21Shares has launched a new ETP based on the Hyperliquid token. On the surface, it looks like progress for DeFi adoption, but behind it lurks the shadow of institutional dominance over Web3. The original vision of DAOs was not speculation, but decentralization and community building. Through its own network “PGirlsChain” and token “PGirls,” Rahab Punkaholic Girls presents the path to true decentralization.