Bitwise CIO says Hyperliquid is expanding its business like Amazon

Bitwise Chief Investment Officer Matt Hougan compared Hyperliquid’s growth strategy to Amazon’s and said HYPE has the potential to develop into a major global financial platform. On the Unchained podcast, Hougan said Amazon started as an online bookstore before expanding into other business areas, and Hyperliquid is similarly broadening its business beyond crypto perpetual futures into real-world assets and prediction markets. About half of Hyperliquid’s current trading volume comes from non-crypto assets such as crude oil, silver, and the S&P 500, he said. Over the past 30 days, its perpetual futures trading volume topped $254 billion, while revenue reached about $69 million over the same period. Hougan said the business diversification could become a long-term growth driver for the platform.