HyperLiquid, a layer-1 blockchain and decentralized exchange (DEX), has the potential to generate substantial fees and become one of the biggest blockchain projects in terms of fee generation in the coming year, according to Syncracy Capital co-founder Ryan Watkins. The DEX platform has recently attracted attention due to speculation about North Korea-backed hackers and potential vulnerabilities, which have been debunked by Hyperliquid Labs. Watkins believes that Hyperliquid's integration of profitable crypto businesses such as exchanges and blockspaces positions it well for fee generation. However, he suggests that the addition of a stablecoin could further enhance its dominance in the industry. Currently, Hyperliquid lags behind Ethereum, Solana, and Tron in terms of fee generation, but its potential for growth lies in the adoption of its spot and derivatives offerings, as well as the traction for its HyperEVM platform.



Other News from Today