Arthur Hayes Warns HYPE Could Underperform ETH and ZEC

TLDR: Arthur Hayes says Hyperliquid proved on-chain perpetual futures have real demand and a working product. He sees HYPE’s main risk as underperforming ETH and ZEC rather than necessarily losing money.  Perpetual DEXs face rising competition as products, features, and fees become increasingly similar. Hayes sold all his HYPE and NEAR holdings just days after [...]

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