I spent the past few days in Washington with @hyperliquidpc meeting with policymakers during the historic advancement of the Clarity Act. We discussed Hyperliquid, the benefits that it offers to American consumers, and the regulatory path to bring onchain derivatives markets into the United States.
Some conversations were technical with an impressive baseline understanding of Hyperliquid. Discussions included how onchain trading is a financial innovation that has clear global user demand. Other conversations focused more on a first principles introduction to defi and the promise of onchain markets. It was encouraging to see bipartisan support for thoughtful regulation of crypto. I look forward to continuing discussions in DC and working hard to make American access to Hyperliquid a reality.
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NEW: @DefiLlama’S @0xngmi SAYS “THINK PPL DON'T REALIZE HOW BAD THE PROBLEM IS WITH TIME-BASED TOKEN UNLOCKS… IF THE TOKEN HAS PERPS OR CAN BE BORROWED ANYWHERE, THEY CAN BE HEDGED BY SHORTING THE TOKEN”
Cantor Fitzgerald just released a 62-page report on Hyperliquid, HYPE, & its DATs
In their 10-year model, they estimate a 50x multiple on $5 billion in annual revenue for a HYPE market cap of $200+ billion
They initiate coverage on both PURR & HYPD with a rating of "overweight", i.e. to outperform
A really solid report that demonstrates a deep understanding of both Hyperliquid & the perp DEX landscape!
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