$39K in Six Months: Why Derek Simmons Abandoned Hyperliquid for Block DAG

Derek Simmons, a seasoned sales director from Charlotte, turned an $8,000 investment into nearly $39,000 in just six months by trading perpetuals on Hyperliquid. The platform's clever fee reinvestment system, where 97% of fees are put back into a buyback fund, pushed the token's value higher.

Derek rode the wave as Hyperliquid's HYPE price skyrocketed from $3.20 in November 2024 to $59.37 by September 2025. However, he eventually grew tired of actively trading and sought passive returns.

He discovered Block DAG (BDAG), a Layer 1 cryptocurrency network using Directed Acyclic Graph technology with Proof-of-Work consensus, which boasts high-speed transaction processing and scalability features like X1 mobile mining and EVM-compatibility.