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Founder of ICE Says Hyperliquid Is Larger Than Nasdaq

Intercontinental Exchange founder, Jeff Sprecher, made an interesting comment regarding the rapid growth of the decentralized exchange platform Hyperliquid.
In his statement, Sprecher mentioned that Hyperliquid now has a larger activity scale than Nasdaq in certain trading metrics, even though the platform is operated by a very small team.
He highlighted the fact that Hyperliquid is said to be operated by only about 11 people, something he considers very different compared to traditional financial exchange infrastructure which usually employs thousands of employees.
The comment reflects how blockchain technology and decentralized financial systems are beginning to change the way financial markets operate. With a relatively small team, Hyperliquid is able to handle very large volumes of crypto derivatives trading through blockchain-based infrastructure.
In recent months, Hyperliquid has indeed become one of the fastest-growing protocols in the digital asset industry. The continuously increasing volume of perpetual futures trading has made the platform a serious competitor to many centralized crypto exchanges.
Jeff Sprecher's statement is also seen as a form of recognition from traditional financial industry players of the progress in the decentralized finance (DeFi) sector, which is increasingly able to compete with conventional capital market institutions.