The "alt-Hyperliquid meta" in onchain/hybrid CLOB DEXs presents a multi-billion dollar opportunity, even if these platforms capture a fraction of Hyperliquid's market share. Investors should look into emerging CLOB DEXs across various chains, including Solana (Drift, Serum, Openbook, Phoenix, Manifest), Monad (Kuru, Perpl), Sui (Aftermath, DeepBook), Sei (Monaco), Aptos (Kana Labs), Fogo (Ambient), and App-Chains like dYdX and Dexalot. Dedicated L2s on Ethereum such as Lighter, Extended, GRVT, Loopring, and Aevo, along with multichain options like Clobber, Aster, Vertex, SynFutures, Defx, and Standard, are also key players in this expanding category.