Hey there, crypto enthusiasts! If you've been keeping an eye on the DeFi scene, especially where meme tokens are making waves, you've probably heard the buzz around Project X. This innovative decentralized exchange (DEX) on HyperEVM just hit a major milestone, and it's all captured in a recent tweet that's got the community fired up.

The excitement kicked off with a post from @munchPRMR, an onchain muncher who's clearly passionate about the project. They announced that Project X has cracked the top 50 protocols by fees, landing at an impressive #44 spot. For those new to the term, "protocol fees" refer to the revenue generated by blockchain protocols through transaction costs and other services—think of it as a measure of how much action and value a project is handling daily.

As you can see in the screenshot shared in the tweet, Project X is rubbing shoulders with giants like Coinbase Wallet and MetaMask. It's listed under DEXs (decentralized exchanges) on one chain, which is HyperEVM—a high-performance EVM-compatible blockchain built by Hyperliquid. This ranking comes from data aggregators like DefiLlama, which track fees across thousands of protocols to show who's leading the pack in DeFi activity.

But what's Project X all about, and why does this matter for meme token fans? Launched on July 14, 2025, Project X is a first-of-its-kind DEX on HyperEVM, designed to be user-friendly and community-driven. It operates as an automated market maker (AMM), similar to Uniswap, where users can swap tokens seamlessly. What sets it apart is its focus on incentives: traders, liquidity providers, and even social sharers earn PRJX points, which are your ticket to potential airdrops and rewards. These points track your contributions, whether you're trading meme tokens like $BUDDY or providing liquidity to pools.

HyperEVM itself is a game-changer for meme tokens. As an EVM (Ethereum Virtual Machine) compatible chain, it allows developers to deploy Ethereum-style smart contracts with blazing speed and low costs—perfect for the fast-paced world of memes. Project X amplifies this by offering cross-chain trading capabilities in future phases, making it easier to hop between ecosystems without the usual hassles. With over $80 million in total value locked (TVL) and daily volumes exceeding $100K, it's clear that meme token traders are flocking here for the high APRs (annual percentage rates) on liquidity pools, sometimes reaching insane levels in the early days.

The tweet thread didn't stop at the announcement. @munchPRMR followed up with a link to their profile on the Project X platform, inviting more folks to join in. The replies poured in with congratulations and hype: from believers asking "When top 10?" to others noting how this is just the start for HyperEVM's rise. One user even quipped that "believers eatin good," highlighting the strong community vibe. It's this kind of energy that turns a DEX into a hub for meme token innovation, where fun narratives meet real utility.

Why is hitting #44 such a big deal? In the competitive DeFi landscape, climbing the fee rankings means more visibility, more users, and ultimately, more value for the PRJX ecosystem. For meme token practitioners, it signals that HyperEVM and Project X are becoming go-to spots for launching and trading viral tokens without the congestion of bigger chains like Ethereum or Solana. Plus, with an ongoing points system leading to a PRJX airdrop, now's a prime time to get involved—trade, provide liquidity, or even post about it on X to boost your earnings.

If you're looking to dive deeper, check out the official Project X site or follow @prjx_hl on X for updates. This milestone isn't just a win for the team; it's a boost for the entire meme token community on blockchain. Stay tuned—HyperEVM's meme scene is heating up, and Project X is leading the charge. What do you think—ready to munch on some points?