De twee belangrijkste overwinningen van deze laatste cyclus, Hyperliquid- en Ethena-kernmechanica, werden niet gedreven door composability Hyperliquid is zijn eigen geïsoleerde perp dex Het rendement van Ethena is afkomstig van offchain basistransacties Nu ze distributie hebben, voegen ze *terug* composability toe. Hyperliquid met een eigen EVM L1 en Ethena met Converge-netwerk Interessant is dat beide hun initiële liquiditeit uit het Ethereum-ecosysteem haalden. Hyperliquid van Arbitrum One en Ethena op mainnet
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