In the fast-paced world of crypto, where trends come and go like viral memes, it's refreshing to see a project hit a major milestone through sheer grit and smart strategy. Recently, a tweet from @LoopOnChain celebrated Project X (@prjx_hl) reaching an impressive $100M in Total Value Locked (TVL). For those new to the term, TVL measures the total amount of assets deposited into a protocol's smart contracts—think of it as a gauge of trust and usage in decentralized finance (DeFi).

The tweet shouts out @Lamboland_ and @BOBBYBIGYIELD, key contributors to Project X, for spotting an ecosystem they believed in—Hyperliquid's HyperEVM—and diving in with unshakeable conviction to solve real problems. HyperEVM is essentially the Ethereum-compatible layer built on Hyperliquid, a high-performance blockchain known for its perpetual futures trading. Project X stands out as a first-of-its-kind decentralized exchange (DEX) on this platform, focusing on spot trading and liquidity provision.

What makes this achievement stand out? In a market where many projects chase venture capital hype, Project X is 100% self-funded and grassroots-driven. Launched just a few months ago, it quickly ramped up TVL from $40M in its first three days to crossing the $100M mark now. This growth isn't just numbers; it's a testament to building for users rather than investors. As one reply in the thread noted, "Hitting $100M TVL in this market is no joke. Proof that building for users still wins over building for VCs."

The Lesson in Conviction

@LoopOnChain wraps up the tweet with a simple yet profound lesson: find an ecosystem you're bullish on, back it with conviction, and tackle its pain points. For Project X, that meant creating a seamless DEX experience on HyperEVM, where high-speed trading meets the wild world of meme tokens. The background collage in the celebratory image—packed with frog memes, cartoon animals, and crypto icons—hints at how meme culture fuels this space. Meme tokens thrive on community and liquidity, and Project X provides the infrastructure to make that happen without the bottlenecks of traditional exchanges.

In replies, community members echo this sentiment. One user calls it "birbish," a playful nod to the fun side of crypto, while others praise the team's UX, community building, and founder narrative as key advantages. It's clear that in the meme token arena, where virality can make or break a project, having a solid foundation like Project X's DEX is crucial for sustaining hype into real value.

Why This Matters for Meme Token Enthusiasts

At Meme Insider, we're all about decoding the chaos of meme tokens and blockchain tech. Project X's milestone is a prime example of how DeFi innovations can supercharge meme ecosystems. With over $2B in cumulative trading volume and daily fees in the hundreds of thousands, this DEX isn't just surviving—it's thriving. For blockchain practitioners, it's a reminder to prioritize problem-solving: identify gaps in liquidity, user experience, or accessibility, and fill them with conviction.

Looking ahead, @LoopOnChain predicts a "massive step forward" for the team this year. If the replies are any indication, the community is rooting for them. Whether you're trading pepe-inspired tokens or diving into Hyperliquid's perps, keep an eye on Project X—it's proving that in crypto, conviction plus execution equals real wins.

If you're inspired to learn more, check out Project X on DefiLlama for the latest stats or follow them on X for updates. What's your take on this milestone? Share in the comments below!