Hyperliquid's Impact on Decentralized Exchanges

Hyperliquid, a decentralized cryptocurrency exchange, has made waves in the crypto world, processing over $2.73 trillion in perpetual futures trading volume and $110.65 billion in spot trading this year alone. With just an eleven-person team, it has earned $1.22 billion in annualized revenue, rivaling the revenue of American audio company Dolby. Hyperliquid has democratized access to perpetual futures, once limited to accredited investors or centralized exchanges, leading to a new class of crypto companies specializing in these advanced trading tools. However, the future of these high-leverage platforms remains a topic of debate due to potential systemic risks.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.