According to The Wall Street Journal, Hyperliquid is becoming an important gateway for some Wall Street traders to trade cryptocurrencies and traditional assets' perpetual contracts during weekends and off-hours, covering targets such as BTC, S&P 500, crude oil, and contracts related to unlisted or traditional financial assets like SpaceX. The platform's total revenue last year was approximately $800 million. WSJ pointed out that Hyperliquid currently prohibits U.S. residents from using it, but traders in some restricted regions still access it via VPN. However, its large community culture and diverse asset options are driving its further expansion into prediction markets and options trading.

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GateUser-eb706989
· 3h ago
Prohibiting U.S. users still yields 800 million in revenue; the benefits of globalization are fully realized.
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Frictionless
· 3h ago
If the revenue structure can be made open and transparent, it would be even more Web3.
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GateUser-4590f4c6
· 4h ago
Crude oil, stock indices, and BTC all-in-one—one platform covers all risk exposures.
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TheNemesisOfFomo
· 4h ago
Community culture is so strong that even the WSJ mentions it—that's the real moat.
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ChaintraceAuntie
· 4h ago
SpaceX contracts are tradable, and the boundaries of traditional finance are becoming increasingly blurred.
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0xNap
· 4h ago
Unlisted equity contractualization, is this considered regulatory arbitrage or innovation?
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NonceNina
· 4h ago
Wall Street traders don't rest on weekends; they've switched to trading perpetuals.
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HashbrownHero
· 4h ago
The liquidity gap during non-trading hours has been completely absorbed by it.
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Stop-LossInTheEveningGlow
· 4h ago
American users are banned but can't be stopped; this is very DeFi.
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ArbitrageIsn'tAsGoodAsGetting
· 4h ago
Forecast markets + options, HYPE's narrative is about to be upgraded again
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