Regulation· ★★★· bullish·

Hyperliquid Policy Center CEO: Every Exchange Will Be On-Chain Within 10 Years

  • —Chervinsky says Hyperliquid is not an exchange but infrastructure sitting one layer below exchanges
  • —He predicts no exchange will remain competitive in 10 years without on-chain technology
  • —CME's suit against the CFTC over perpetuals is a stalling tactic, he said
  • —The CFTC has cleared Kalshi perpetuals but has yet to approve on-chain infrastructure itself
Why it matters: Signals convergence between on-chain perpetuals and US-regulated markets, a potential catalyst for HYPE and the DEX sector.
Source: 動區 BlockTempo