In the fast-paced world of meme tokens and blockchain tech, endorsements from key players can make all the difference. Recently, @DonPudgy, a prominent figure in the Pudgy Penguins community, took to X (formerly Twitter) to share his hands-on experience with Project X's swap and bridge features. For those new to the scene, Pudgy Penguins is a beloved NFT collection that has evolved into a full-fledged ecosystem, complete with its own meme token, $PENGU, which is currently trading around $0.03 USD.
The Tweet That Started It All
DonPudgy posted: "I just did a bunch of small tests on @prjx_hl their swap and bridge work perfectly tested $Pengu and others. Love it great work guys 🏆" This original tweet quickly sparked a thread of positive responses, including from the Project X team itself via @Lamboland_, who replied, "very happy to hear that glad you enjoyed it 🙏."
DonPudgy followed up with, "Thank you sir great experience and super smooth 🤝." Another user, @ReChaSer_, chimed in to emphasize, "0 fees by the way," to which DonPudgy responded affirmatively with a GIF, underscoring the platform's cost-free trading appeal.
The accompanying screenshot shows the sleek interface of Project X's swap tool, where users can trade between assets like USDTO (a stablecoin on the platform) and $PENGU. It highlights "Phase 2 Live," suggesting ongoing developments and updates to the system.
What is Project X on Hyperliquid?
If you're wondering about @prjx_hl, it's Project X, a trading platform built on Hyperliquid—a decentralized perpetuals exchange known for its efficiency and low costs. Project X stands out by allowing users to "trade any coin in crypto with 0% fees," as per their bio. This includes spot swaps and bridges, which enable seamless transfers of assets across different blockchains. For meme token enthusiasts, this means easier access to tokens like $PENGU without the usual transaction fees eating into profits.
Hyperliquid itself is a layer-1 blockchain focused on high-performance trading, and Project X serves as a user-friendly frontend for farming points, providing liquidity, and executing trades. Recent updates, like farming boosts for certain pairs, have made it a hot spot for crypto traders looking to maximize rewards.
Why This Matters for Meme Tokens
DonPudgy's endorsement isn't just casual praise—it's a nod to how platforms like Project X are lowering barriers in the meme coin ecosystem. Meme tokens, often volatile and community-driven, thrive on accessibility. With zero fees and smooth bridges, traders can move assets like $PENGU (from the Solana-based Pudgy Penguins project) onto Hyperliquid for perp trading or liquidity provision without friction.
This could signal growing integration between popular meme projects and advanced DeFi platforms. For blockchain practitioners, it's a reminder to explore tools that enhance efficiency. If you're into $PENGU or similar tokens, checking out Project X might offer new ways to engage, especially with features like points farming for potential airdrops.
As the crypto landscape evolves, keep an eye on these collaborations—they often lead to innovative opportunities in the meme token space. What are your thoughts on Project X? Dive into the thread and see for yourself!