Wall Street Is Coming for Hyperliquid's Perps Crown, Arthur Hayes Says
Arthur Hayes warned that Hyperliquid's core value driver—using trading fees to burn tokens—exposes the protocol to market share losses.
➤ Arthur Hayes, co-founder of BitMEX, warns that Hyperliquid's token burn mechanism, driven by trading fees, makes it vulnerable to market share loss. ➤ He predicts increased competition from Wall Street and established crypto players in the real-world asset derivatives (perps) market. ➤ Hayes recently sold his HYPE token holdings, citing profit-taking and broader market concerns, despite previously being a strong proponent of Hyperliquid.
















