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Podcast: Unchained
Episode: Arthur Hayes and Hanson Birringer on Hyperliquid’s Success (And What Could Stop It)
Description: Hyperliquid is one of the most talked-about platforms in crypto right now.
It’s an onchain perpetuals exchange that sidestepped VCs, built a deeply loyal user base, and launched with transparency most rivals avoid. But it’s also staring down some massive challenges—from incoming competitors like Coinbase and Robinhood, to the technical hurdles of decentralizing its core exchange engine.
Arthur Hayes, CIO of Maelstrom and one of crypto’s most iconic traders, and Hanson Birringer of Flowdesk discuss:
What actually drove Hyperliquid’s success
How a user-first approach is outpacing venture-ba...