🚀 Hyperliquid’s growth doesn’t necessarily mean centralized exchanges are losing users! The real shift may be that people who couldn’t access the market before finally have somewhere to trade.
On October 12, Dragonfly Managing Partner Haseeb Qureshi said in a recent Space that there’s limited user overlap between Hyperliquid and centralized trading platforms. Put simply, traditional exchanges are more like large shopping malls, while Hyperliquid has opened up another route for trading, attracting some users who find mainstream platforms difficult to use. More importantly, centralized platforms’ trading volumes haven’t declined in tandem with Hyperliquid’s growth. This suggests the market may not be a zero-sum game of “more for you means less for me”—it may be bringing in new users and expanding demand for trading. 📈
The logic is simple: **a bigger pie doesn’t have to come at someone else’s expense.** As trading methods, assets, and ways to access the market continue to expand, people who didn’t participate before may enter the market too. For Hyperliquid, growth isn’t just about winning over existing traders; it’s also about uncovering new demand. That said, growing trading volume doesn’t necessarily mean higher profits, and it alone isn’t enough to conclude that the two sides aren’t competing at all.
Haseeb also discussed how the crypto investment industry could change by 2030. He believes the label “crypto VC” may gradually fade, as investment firms broaden their focus to fintech, stablecoins, AI, and other emerging technologies. In other words, the most competitive funds of the future can’t just know tokens and market trends—they’ll also need to understand how technology is changing the real world and whether they can genuinely help founders solve problems.
📌 In a nutshell: Hyperliquid’s value isn’t just about how much trading volume it can take from other platforms, but whether it can keep creating new trading demand. And the future of crypto isn’t just about trading coins—it’s about the convergence of blockchain, fintech, and AI. Projects that can weather market cycles rely not on short-lived hype, but on their products, users, and real demand! 🔥$HYPE $BTC $ARC
On October 12, Dragonfly Managing Partner Haseeb Qureshi said in a recent Space that there’s limited user overlap between Hyperliquid and centralized trading platforms. Put simply, traditional exchanges are more like large shopping malls, while Hyperliquid has opened up another route for trading, attracting some users who find mainstream platforms difficult to use. More importantly, centralized platforms’ trading volumes haven’t declined in tandem with Hyperliquid’s growth. This suggests the market may not be a zero-sum game of “more for you means less for me”—it may be bringing in new users and expanding demand for trading. 📈
The logic is simple: **a bigger pie doesn’t have to come at someone else’s expense.** As trading methods, assets, and ways to access the market continue to expand, people who didn’t participate before may enter the market too. For Hyperliquid, growth isn’t just about winning over existing traders; it’s also about uncovering new demand. That said, growing trading volume doesn’t necessarily mean higher profits, and it alone isn’t enough to conclude that the two sides aren’t competing at all.
Haseeb also discussed how the crypto investment industry could change by 2030. He believes the label “crypto VC” may gradually fade, as investment firms broaden their focus to fintech, stablecoins, AI, and other emerging technologies. In other words, the most competitive funds of the future can’t just know tokens and market trends—they’ll also need to understand how technology is changing the real world and whether they can genuinely help founders solve problems.
📌 In a nutshell: Hyperliquid’s value isn’t just about how much trading volume it can take from other platforms, but whether it can keep creating new trading demand. And the future of crypto isn’t just about trading coins—it’s about the convergence of blockchain, fintech, and AI. Projects that can weather market cycles rely not on short-lived hype, but on their products, users, and real demand! 🔥$HYPE $BTC $ARC