Hyperliquid Surges to 2nd Largest BTC Spot Venue: Is Arthur Hayes’ HYPE Bet Paying Off?
Hyperliquid just flipped traditional exchanges to become the second-largest Bitcoin spot trading platform—and Arthur Hayes is all in.
The Momentum Behind the Move
Trading volume exploded as Hyperliquid's infrastructure bypasses legacy systems. No middlemen, no delays—just raw speed and liquidity.
Why It Matters Now
While Wall Street still debates ETF flows, decentralized platforms are eating their lunch. Lower fees, deeper pools, and actual settlement—not just promises on a Bloomberg terminal.
Hayes' High-Stakes Gamble
The BitMEX co-founder doesn't just talk—he bets big. His backing adds credibility, but also risk. When whales move, waves follow.
One cynical take? Traditional finance spent decades building moats—only to watch crypto traders drain them in a weekend.
Over the past four days, large wallets have been highly active on Hyperliquid, using its Unit liquidity LAYER to move billions. In total, traders sold 19,663 BTC (about $2.22 billion) and bought 455,672 ETH (around $2.19 billion). This Read More
