🥛 Our PRO analyst’s latest token picks 🥇

Q: Martin recommends HYPE and LIT tokens, arguing perpetual DEXs achieve 99% margins through automated

Martin recommends HYPE and LIT tokens, arguing perpetual DEXs achieve 99% margins through automated smart contracts versus traditional exchanges' 50% margins with massive overhead

Q: Hyperliquid generates $1B annualized revenue with just 12 employees ($83M per employee) compared to

Hyperliquid generates $1B annualized revenue with just 12 employees ($83M per employee) compared to Goldman Sachs' $1M per employee through permissionless builder programs

Q: Aligned launches full-stack Ethereum infrastructure combining rollups, wallets, and verification in

Aligned launches full-stack Ethereum infrastructure combining rollups, wallets, and verification in one system to replace stitching together 10+ different vendors

Milk Road·Thursday, April 9, 2026·5 min read

Crypto/Web3 Finance Technology

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AI Summary

Milk Road's crypto newsletter features PRO analyst Martin's bullish picks on perpetual DEX tokens like Hyperliquid (HYPE) and Lighter (LIT), arguing these platforms have superior economics with 99% margins and automatic smart contract operations. The newsletter also covers Aligned's Ethereum infrastructure suite, Polymarket analysis, and various crypto market updates including Swiss franc stablecoin developments.

Key Facts

✓Martin recommends HYPE and LIT tokens, arguing perpetual DEXs achieve 99% margins through automated smart contracts versus traditional exchanges' 50% margins with massive overhead

✓Hyperliquid generates $1B annualized revenue with just 12 employees ($83M per employee) compared to Goldman Sachs' $1M per employee through permissionless builder programs

✓Aligned launches full-stack Ethereum infrastructure combining rollups, wallets, and verification in one system to replace stitching together 10+ different vendors

Author Takes

BullishMilk Road

Perpetual DEX economics

The economics are absolutely stupid and growth story has barely begun

BullishMilk Road

Polymarket journalism

Polymarket deserved a Pulitzer

Contrarian Angle

Perpetual DEXs vs Traditional Exchanges

Smart contracts automate margin calculations, liquidations, and trade settlement that require entire departments at traditional firms, achieving 99% margins vs 50%

Regulatory restrictions prevent traditional exchanges from copying the efficiency model that makes perp DEXs profitable

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