Grayscale: Hyperliquid poised to become a financial giant, challenging the traditional derivatives market.

CoinFeed reported on May 30th that, according to Coindesk, Grayscale released a report stating that the decentralized exchange Hyperliquid has the potential to grow into a "financial services giant," challenging the traditional derivatives and exchange markets with its blockchain infrastructure. The report points out that Hyperliquid, founded less than three years ago, started as a crypto perpetual contract exchange and is projected to generate approximately $800 million in revenue by 2025, with perpetual contract trading volume reaching $2.9 trillion and open interest around $7 billion. Currently, its business has expanded to tokenized stocks, commodities, and prediction markets, building a 24/7 global financial market. Grayscale emphasizes that Hyperliquid has no direct direct competitors, and if successful, it will reshape the financial landscape. A FalconX report also believes that the platform is competing with traditional institutions such as the CME Group.