Cathie Wood says Hyperliquid evokes Solana’s early promise but reaffirms that Bitcoin remains the core of ARK Invest’s crypto thesis; she called Hyperliquid “one to watch” while ARK’s public funds continue to prioritize Bitcoin, Ethereum and Solana as primary exposures.
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ARK’s view: Hyperliquid shows early-stage potential similar to Solana.
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ARK Invest’s public funds primarily hold Bitcoin, Ethereum and Solana.
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Perpetual futures DEX competition is intensifying after Aster’s token launch and volume surge.
Hyperliquid: Cathie Wood likens it to early Solana but keeps Bitcoin central to ARK’s thesis — read key takeaways and DEX market context.
What did Cathie Wood say about Hyperliquid?
Cathie Wood described Hyperliquid as “the new kid on the block,” saying it reminds her of Solana’s early days while stopping short of confirming an ARK position. She emphasized that ARK’s public funds remain concentrated on Bitcoin, Ethereum and Solana as primary holdings.
How does ARK Invest currently allocate crypto exposure?
ARK Invest’s public funds hold three main crypto assets: Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). Wood explained Solana exposure is linked to Breera Sports and a Solana treasury supported by Middle Eastern investors, with advisory ties noted to economist Art Laffer.
Why is Hyperliquid drawing attention now?
Hyperliquid is gaining notice because perpetual futures decentralized exchanges (DEXs) are evolving. After Aster launched a token this month, its trading volume and open interest rose past Hyperliquid, signaling intensified competition in the perp DEX space.
How are DEXs and retail traders influencing market dynamics?
Retail traders and semi-professional quants are increasingly using decentralized exchanges for airdrop incentives, low fees and fast execution. Bitget Wallet chief marketing officer Jamie Elkaleh commented that order-book DEXs like Hyperliquid and dYdX v4 now offer speeds and liquidity once limited to centralized exchanges.
Institutions continue to rely on centralized exchanges for fiat on-ramps, compliance and brokerage services. The performance gap between CEXs and advanced DEXs is narrowing, influencing trading patterns and liquidity distribution.
What competitive shifts are visible among perpetual futures DEXs?
Aster’s recent token launch produced rapid growth in trading volume and open interest, briefly surpassing Hyperliquid. Market participants are watching metrics such as open interest, on-chain liquidity and fee revenue to gauge which platforms can sustain growth.
Frequently Asked Questions
Will Hyperliquid overtake established DEXs?
There is no definitive way to predict a full overtake. Platforms gain market share through liquidity, UX, incentives and developer support; current data show rapid momentum for some new entrants but sustainability depends on continued user adoption and protocol economics.
How does ARK view stablecoins and Bitcoin’s role?
Wood highlighted the rising importance of stablecoins for DeFi utility but reiterated that Bitcoin is ARK’s central monetary asset due to fixed supply and network resilience.
Key Takeaways
- Hyperliquid shows early promise: Cathie Wood likens it to early Solana and labels it one to watch.
- Bitcoin remains central: ARK’s long-term thesis puts Bitcoin at the core despite DeFi growth on other networks.
- DEX competition intensifies: Aster’s token launch accelerated perpetual DEX activity; on-chain metrics matter for future leadership.
Conclusion
ARK Invest’s Cathie Wood sees Hyperliquid as reminiscent of Solana’s early potential but continues to anchor ARK’s view of crypto around Bitcoin. As perpetual futures DEX competition heats up, market observers should track on-chain liquidity, open interest and user incentives to assess winners. Stay informed with COINOTAG for updates.
Published by COINOTAG • Source: Master Investor podcast (remarks by Cathie Wood); commentary from Bitget Wallet CMO Jamie Elkaleh; related reporting referenced as plain text: “Aster can flip HYPE by market cap and rally another 480%: Analyst” and “Bitwise files for spot Hyperliquid ETF amid perp DEX wars”. Updated: 2025-09-28.
