In the fast-paced world of decentralized finance (DeFi), milestones like this don't come every day. A recent tweet from @munchPRMR highlighted an impressive achievement: Project X, a first-of-its-kind decentralized exchange (DEX) on HyperEVM, has gone from zero to a staggering $113 million in Total Value Locked (TVL) in about a month. TVL, for those new to the term, measures the total amount of assets deposited into a protocol, indicating its popularity and trust among users.

The tweet, posted by onchain enthusiast @munchPRMR, congratulated the team behind @prjx_hl with a simple yet powerful message: "From zero to 113m TVL in about a month. Congrats @prjx_hl." This post quickly sparked a wave of reactions from the crypto community, underscoring the excitement around this self-funded, grassroots project.

What is Project X?

Project X is built on HyperEVM, an Ethereum Virtual Machine (EVM)-compatible layer on the Hyperliquid chain, known for its high performance and low fees. As a DEX, it allows users to trade cryptocurrencies directly from their wallets without intermediaries, focusing initially on automated market maker (AMM) features. Launched without venture capital backing, the project emphasizes community-driven growth, which has clearly paid off.

From web sources, we know Project X hit $40 million TVL within just three days of launch back in July 2025 (Binance Square). This rapid ascent continued, propelled by innovative features like a points system for user incentives and plans for expansion into more advanced trading tools. It's earning the most fees among protocols on HyperEVM, as noted in recent updates (Web3Wikis on X).

Community Buzz and Future Potential

The replies to the tweet paint a picture of genuine enthusiasm. @AlphaWolfPRMR emphasized that it's "SELF FUNDED BTW," highlighting the team's bootstrapped approach. Others like @Lamboland_ expressed gratitude, while @Amandyk_sx boldly predicted a $1 billion TVL someday. Comments ranged from curiosity about the growth secrets to admiration for the project's speed.

This buzz isn't just hype—it's backed by real metrics. In a space where meme tokens and DeFi protocols compete for liquidity, Project X's model could set a new standard for sustainable growth. For meme token enthusiasts, this DEX provides a fertile ground for trading emerging assets on a chain optimized for speed and efficiency.

As blockchain practitioners, keeping an eye on projects like this helps us stay ahead. Whether you're farming points or exploring new DEXes, Project X's journey from zero to hero in a month is a reminder of what's possible in Web3. Check out the original tweet here and dive into the HyperEVM ecosystem to see what the fuss is about.

If you're into meme tokens or DeFi innovations, Project X might just be the next big thing to add to your watchlist. Stay tuned for more updates on meme-insider.com!