Grayscale: Hyperliquid is expected to become a financial giant, challenging the traditional derivatives market

PANews May 30 News, according to Coindesk reports, Grayscale released a report stating that the decentralized trading platform Hyperliquid is expected to grow into a "financial services giant," challenging traditional derivatives and exchange markets with blockchain infrastructure.

The report pointed out that Hyperliquid was established less than three years ago, starting from a crypto perpetual contract exchange, with projected revenue of approximately $800 million in 2025, a perpetual contract trading volume of $2.9 trillion, and an open interest of about $7 billion. Currently, its business has expanded to tokenized stocks, commodities, and prediction markets, building an around-the-clock global financial market.

Grayscale emphasized that Hyperliquid has no direct comparable project; if execution proceeds smoothly, it will reshape the financial landscape. FalconX's report also believes that the platform is competing with traditional institutions such as CME. However, regulation remains a key variable, as the platform currently restricts US user access, and the HYPE token experiences significant volatility. Long-term growth depends on regulatory policy changes.