Hyperliquid

Coinbase perps is net bullish for Hyperliquid.

Power users will eventually want composability, low fees and non-KYC. Eventually they’ll funnel into Hyperliquid. 

On the other end, i don’t think we see leakage within Hyperliquid’s core users towards a more centralized venue.

Respectfully disagree. 

Coinbase perps is net bearish for Hyperliquid.  

1- New competitor for Hyperliquid that is fully US compliant, has a large user, and just bought a large derivatives exchange (Deribit).  

2- Robinhood will launch a perps product to compete with Coinbase,

Troy

https://x.com/troyharris__/status/1938324823782133799