In the fast-paced world of blockchain and meme tokens, milestones come and go, but some really stand out. Recently, Tyler from Offchain Labs, who's all about supporting Arbitrum builders but clearly keeping an eye on other ecosystems, highlighted a big one for Project X (PRJX): 100,000 pools opened. That's a huge number, especially for a platform that's positioning itself as a first-of-its-kind DEX on Hyperliquid's HyperEVM.

If you're new to this, let's break it down. PRJX is essentially an automated market maker (AMM) DEX built on HyperEVM, which is part of the Hyperliquid ecosystem. Think of it like Uniswap but optimized for speed and efficiency on this specific chain. What sets it apart is its SocialFi twist—combining social media elements with decentralized finance. Users can swap tokens, provide liquidity, and farm points through activities like referrals, all while potentially earning from a points system that hints at future airdrops.

The "pools" here likely refer to liquidity pools or bonding curve setups where new meme tokens or social tokens are launched. Each pool represents a trading pair or a new token launch, making PRJX a go-to platform for creators and traders in the meme space. Hitting 100k pools means the platform has seen explosive adoption, with TVL around $100M and daily volumes in the millions, as per recent community reports.

Tyler's tweet shouts out the team behind it, including @BOBBYBIGYIELD and @Lamboland_, who are no strangers to the meme game—they're the minds behind Pacmoon, a popular community-driven token. Their response? Appreciation and a nod to "turning on the money printer," which is crypto speak for cranking up those yields and rewards.

What's got everyone buzzing is the mention of phase 2. While details are still under wraps, based on how these projects evolve, we could be looking at enhanced features like advanced farming mechanics, integrations with other chains, or even NFT-based social elements tied to those ERC-721 posts you see in the screenshot. Given PRJX's focus on SocialFi, phase 2 might introduce more ways for users to monetize content or interactions, further blurring the lines between social networking and DeFi.

For blockchain practitioners diving into meme tokens, this milestone underscores PRJX's role in the ecosystem. If you're farming points there, keep at it—the daily refreshes and potential airdrops make it a hotspot. And if you're just getting started, head over to prjx.com to create your own pool or join the liquidity party.

As the Hyperliquid ecosystem grows, projects like PRJX are leading the charge in making DeFi more accessible and fun. Stay tuned for phase 2 updates—we'll be covering them right here on Meme Insider. What do you think phase 2 will bring? Drop your thoughts in the comments!