Article

Justin Sun：Hyperliquid is one of the biggest new discoveries of this cycle; regulation may determine CEX whether to shift direction DEX BlockBeats reported that October 19, TRON founder Justin Sun, recently discussed 3.5 during an offline discussion lasting Hyperliquid hours with Jin Ming, calling it one of the biggest new discoveries to emerge in this cycle. The U.S. equity perpetual contracts it launched have opened up new possibilities for the industry. However, as more projects enter the U.S. equity perpetual contract market, the competition facing Hyperliquid is also intensifying.

Justin Sun also believes that the future competition between decentralized exchanges (DEX) and centralized exchanges (CEX) hinges on how U.S. regulators define the regulatory boundaries of Hyperliquid. If it can obtain a regulatory exemption similar to Uniswap, it cannot be ruled out that a large number of CEX will shift to the DEX model to reduce compliance costs and gain greater scope for global operations, which could also squeeze CEX that do not transform.

Conversely, if regulatory requirements tighten,Hyperliquid will also face substantial pressure.Hyperliquid remains less mature in regulatory affairs and U.S. domestic operations than onshore compliant companies such as Circle. Therefore, the long-term competitive landscape between DEX and CEX depends to a large extent on regulators' attitude toward new trading models and the compliance boundaries they establish.

Original link https://m.theblockbeats.info/flash/372524