hyperliquid equity perps went from $495m to $1.67b open interest while tokenized equity platforms are still onboarding custodians and transfer agents. $646b quarterly volume, $643m annualized fee revenue, no KYC, 20x leverage on non-US stocks. perps don't need custody chains, settlement layers, corporate action handlers, or broker-dealer licenses. they need an orderbook and a liquidation engine. every week spent building the tokenization stack is a week hyperliquid is already capturing the volume. the express lane was never going to be compliant
@four_xyg So Binance calls this โprotectionโ? Funny how users were allowed to buy, but when the price started pumping, restrictions suddenly appeared. Thatโs not protecting investors โ thatโs changing the rules mid-game. Trust is built on transparency, not selective intervention. #Binance
So Binance calls this โprotectionโ? Funny how users were allowed to buy, but when the price started pumping, restrictions suddenly appeared. Thatโs not protecting investors thatโs changing the rules mid-game. Trust is built on transparency, not selective intervention. #CZ#SPCX