$HYPE, as the only mainstream coin to rise during this downturn, is not a case of criticizing Binance for favoring the DEX Perp.
Hyperliquid is eroding the traditional financial market's share; its HIP-3-based trading volume has quietly captured nearly one-third of the platform's total.
Comparing Hyperliquid with the traditional financial giant CME (Chicago Mercantile Exchange) silver futures report:
1/ Hyperliquid has surpassed CME in both daytime and weekend trading experience.
2/ Unlike CME's weekend closures, Hyperliquid offers 24/7 trading, gaining pricing power over weekends.
3/ CME remains king in terms of market depth during extreme market conditions, but don't forget CME's extremely high barriers to entry: institutional access and complex account opening. Hyperliquid = permissionless, low barrier to entry, and instant connectivity.
Hyperliquid is not only the best DEX, but also the most efficient channel for retail investors to access global assets.
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