Project X, or PRJX as it's commonly known, is making waves in the DeFi space on Hyperliquid's HyperEVM chain. This automated market maker (AMM) DEX allows users to trade any EVM-compatible tokens with zero fees, much like a souped-up version of Uniswap but tailored for the Hyperliquid ecosystem. If you're new to this, Hyperliquid is a decentralized Layer 1 blockchain famous for its perpetual futures and spot trading, and HyperEVM is its EVM-compatible side for broader token swaps.

Recently, crypto strategist Felix (@felixdoteth) dropped a tweet that's got everyone buzzing. He shared a screenshot of PRJX's impressive stats: a Total Value Locked (TVL) of over $93 million, a whopping $311 million in 24-hour trading volume, and $262,000 in generated fees. TVL, for those unfamiliar, is the total amount of assets locked in the protocol, a key indicator of its health and user trust.

Felix isn't just reporting numbers—he's making a prediction: "One of these days, we might see @prjx_hl making over $500M in volume in just 24hrs, and over $400k in generated fees. Mark this tweet." You can check out the full post here.

Why the hype? PRJX isn't your average DEX. Built by a team including the creator of Pacmoon—a popular meme token—it's positioned as a go-to platform for trading emerging tokens, including memes, on Hyperliquid. Users can farm points through liquidity provision and staking, which could lead to a potential airdrop of the PRJX token. This points system has drawn in farmers chasing high yields, with some pools offering APRs as wild as 700% on pairs like HYPE/USDT.

Recent posts on X highlight the momentum. Lamboland, a key builder behind PRJX, celebrated an all-time high, and users are sharing their point-farming milestones, like hitting 70K points. With Hyperliquid's ecosystem expanding, PRJX is benefiting from increased liquidity and trader activity. It's also part of collectives like Hypurrcollective, fostering growth in the space.

For meme token enthusiasts, PRJX opens doors to seamless swaps of volatile assets without the usual fee drag. If Felix's forecast holds, hitting $500M daily volume would put PRJX in league with top DEXs, potentially boosting its TVL and fees even higher. Factors like upcoming airdrops, integrations with projects like Kinetiq and Theo Network, and Hyperliquid's on-chain order books could fuel this surge.

If you're looking to get involved, head to prjx.com and use a referral for a points boost—Felix even shared his: "felixdoteth." Just remember, DeFi involves risks like impermanent loss in liquidity pools, so do your research.

As the crypto world watches, PRJX might just be the next big thing in on-chain trading. Stay tuned for updates on meme-insider.com, your hub for all things meme tokens and blockchain innovations.