Pantera: Hyperliquid revenue could grow fivefold

Cryptocurrency venture capital firm Pantera Capital has predicted that the potential revenue of decentralized derivatives exchange Hyperliquid (HYPE) could increase fivefold from its current level. Pantera noted that Hyperliquid's potential market size reaches approximately $100 trillion in daily notional trading volume. The firm estimates that if the platform secures a 1% market share, its annual revenue could reach about $3.7 billion. However, Pantera identified U.S. regulations on perpetual futures and the potential emergence of regulated platforms as the biggest risks for Hyperliquid. The firm suggested that Hyperliquid might launch a regulatory-compliant version for the U.S. market in the future.