everyone keeps comparing hyperliquid to other crypto perp platforms. but look closer:
• $11.5B open interest (4th globally across ALL derivatives venues) • $888M raise through nasdaq vehicle • ex-barclays ceo as chairman • traditional treasury structure holding $583M
they're not building another crypto dex. they're building tradfi infrastructure
usdt cutting support for 5 chains while concentrating 96% ($154b) on eth and tron networks. clear signal: blockchain infrastructure moving from quantity to quality. dev activity and scalability are the new filters for survival