Ark Invest doubts Hyperliquid's U.S. expansion plans
- —Hyperliquid spot volume was about $271M in 24 hours versus $12B in perps
- —Perp open interest on Hyperliquid stands at $16B
- —The Hyperliquid network has roughly 27 validators versus Solana's 900
- —Native borrowing has issued over $340M in loans since September
Why it matters: Ark's skepticism could weigh on HYPE's valuation if U.S. access delivers a watered-down product rather than full liquidity.
Source: AMBCrypto