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The Perptual Futures platform Hyperliquid's $HYPE Token has recently become the focus of discussion. Investment firm Cantor Fitzgerald has made a bold prediction - by 2035, this Token is expected to exceed $200.
At first glance, this prediction does seem radical, but the reasoning behind it is not based on mere imagination. The HIP-3 improvement proposal is seen as a key growth engine, and this direction seems to have a logical basis. However, the reality is quite harsh – high-yield competitors like Lighter DEX are rising, and the competitive landscape is becoming increasingly intense.
Interestingly, the underlying assumption of this report touches on a deeper topic: the liquidity of centralized exchanges is migrating towards the DEX ecosystem. This reflects a shift in traders' mindset — people are increasingly valuing the autonomy and convenience brought by decentralized trading.
The question arises: Can Hyperliquid maintain its market position amidst this wave of DEXs relying on its own improvement mechanisms and innovative designs? Or will the new generation of decentralized exchanges pose a threat to it? This suspense currently has no answer.
Hyperliquid is indeed under a lot of pressure right now, and the returns from Lighter are quite tempting.
Whether HIP-3 is reliable or not depends on subsequent actions; just talking without action is meaningless.
DEX traffic is definitely shifting, but whether it can withstand this wave of impact remains to be seen.
Honestly, the competition in perpetual contracts is too fierce. Who can laugh last is really hard to predict.
Cantor Fitzgerald's prediction is a bit outlandish, are they just hyping up the little guys?
I agree with the migration of liquidity to DEXs; centralized exchanges are really having a tough time.
If HIP-3 really fails, there might still be hope, but it's too early to draw conclusions.
After Lighter gets going, Hyperliquid will need to step up.
This competitive landscape depends on who can keep up with innovation.
Can Hyperliquid withstand the pressure from Lighter? To be honest, it's a bit precarious.
Can HIP-3 really be a lifesaver? What do industry insiders think?
Liquidity running towards DEX is already a trend, but who will ultimately make money is still uncertain.
Oh my, another "revolutionary" prediction... Can this really come to fruition?
Is Cantor Fitzgerald looking long term this time or just advocating?
To put it bluntly, with such fierce competition, is merely improving proposals enough?
The DEX era has arrived, but others are not idle either.
That number of 200 bucks... I believe it like a ghost😅
Liquidity migration is indeed happening, but Hyperliquid may not be the winner.
Cantor talks a good game, I just want to see if HIP-3 can really get going
It's indeed a bit annoying that Lighter is picking up, it feels like liquidity is running that way
Decentralization is definitely the trend, but can Hype hold on? To be honest, I'm not too sure
The competition in the perpetual market is getting more intense.
Can Hyperliquid still be stable after it gets lighter? I'm not so sure.
The liquidity running to DEX has been apparent for a while, it's just a matter of who runs faster.
If HIP-3 was really that powerful, it would have pumped already; it's still dragging here.
Don't get brainwashed by these predictions, just wait and see.
The moat of centralized exchanges is getting thinner, that's true.
If you're buying $HYPE now, you need to think about the risks.
Cantor's predictions are as outrageous as the returns in my dreams.
With competition this fierce, we'll have to see who can survive until the end.
It is indeed a bit annoying that Lighter has become more active, but whether Hyperliquid's HIP-3 can hold up is hard to say.
It's clear that liquidity is running towards DEX, it's just a matter of who can survive until the end.
To be honest, Cantor's prediction is a bit outrageous, but there's no loss in taking a bet.