Petro D. | Research

@PDmytriiev

Hyperliquid has stopped selling itself as a "pretty good L1" or "pretty good perp dex". What replaces them is a claim to be the settlement and liquidity layer other financial apps build on, and trading is now one expression of that, not the product itself. I think, it is also much smarter and stronger way to address regulators. The page speaks now to builders and institutions: · Headline is now "Infrastructure to House All Finance" · Sub-line leads with crypto, commodities, indices, FX and RWAs, crypto is one of five, not even the most dominant category anymore ˙ Asset ticker gives S&P500, GOLD, SILVER, WTIOIL and BRENTOIL next to BTC (only one crypto ticker) · Builder codes get an explicit AWS analogy: builders own their users, @HyperliquidX supplies liquidity and execution · Press rail is entirely TradFi: Bloomberg, WSJ ("Wall Street's convenience store"), Colossus. No crypto-native outlets · Neutrality formalised as numbered principles: no private investors, no paid market makers, no insiders · FAQ states 99% of revenue goes to the Assistance Fund and that $HYPE there is burned The conclusion is that the situation on the ground changed first and the site is catching up. TradFi has claimed the crypto perp DEX. The landing page isn't setting a new direction so much as admitting where the traffic already comes from.

Tuesday, August 18, 2026 at 10:07 PM UTC