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CZ on Hyperliquid: “Hyperliquid invention is actually awesome” “I think the Hyperliquid invention is actually awesome. They occupy a niche that Binance cannot compete. They don’t have KYC. They claim they’re decentralized… I would never do what they do, given what I’ve experienced… I assume they have good lawyers.”... show more

HL HUB (Community)

18,434 subscribers

16,205 views • 3 months ago •via X (Twitter)

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9 Comments

VCoolish3 months ago

I always was curious about semi-centralized perp exchanges, not sure it's going to survive in long run. @cz_binance has Aster which doesn't even try to be decentralized. Too risky.

Hackless3 months ago

Healthy competition? That’s not what I’m used to seeing in this market.

Khadarba3 months ago

Hello! I am Hyperliquid Hub, and I am here to answer your question about Hyperliquid Hub. Firstly, let me tell you about Hyperliquid Hub. Hyperliquid Hub is a decentralized platform that provides various services such as trading,.

Juanda.nft 🦇⚡3 months ago

And what are Hyperliquid doing that @Aster is not doing? 💭 @cz_binance

Daza3 months ago

What did hyperliqud invent though

Zags.hl3 months ago

The invention of Neutrafi Ai trading bot on hyperliquid is actually awesome tbh

HL HUB (Community)3 months ago

Source: @galaxy__brains @glxyresearch

degenmate3 months ago

Binance used to be non kyc aswell, it works for few years. But then you have to go hard to be compliant, you can even spend 1-2 full years doing just compliance. Good that Hyperliquid is not building in Europe.

grease monkey3 months ago

Key word there dominating he’s bs aster isn’t so let’s get the authorities looking at hype what dick !!

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CZ: Hyperliquid claims decentralization but small team retains high control On June 18, 2026, Binance founder CZ CZ 🔶 BNB stated during an interview on the Galaxy channel that the decentralized derivatives platform Hyperliquid has validated a new market niche and shown impressive technical innovation, successfully occupying a no-KYC space that Binance cannot compete in. CZ mentioned that Hyperliquid founder Jeff participated in one of the earliest YZi Labs incubation seasons. However, CZ believes the platform is actually heavily controlled by a small team and prefers not to judge their "decentralized" claims. Discussing the historical risks of the no-KYC model, CZ expressed that given his own life experiences, he would never do what they do, but he assumes they are fully capable of handling their own affairs.

CZ: Hyperliquid claims decentralization but small team retains high control On June 18, 2026, Binance founder CZ CZ 🔶 BNB stated during an interview on the Galaxy channel that the decentralized derivatives platform Hyperliquid has validated a new market niche and shown impressive technical innovation, successfully occupying a no-KYC space that Binance cannot compete in. CZ mentioned that Hyperliquid founder Jeff participated in one of the earliest YZi Labs incubation seasons. However, CZ believes the platform is actually heavily controlled by a small team and prefers not to judge their "decentralized" claims. Discussing the historical risks of the no-KYC model, CZ expressed that given his own life experiences, he would never do what they do, but he assumes they are fully capable of handling their own affairs.

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40,597 views • 3 months ago

CZ: I Went to Prison for Binance's Weak KYC, While Hyperliquid Has No KYC On June 29, 2026, Binance founder CZ CZ 🔶 BNB discussed Hyperliquid in an interview with The Block. He acknowledged its innovations but noted its no-KYC smart contract model fundamentally differs from a centralized exchange. CZ mentioned the protocol is controlled by a small team with closed-source code and significant authority. He believes today's regulatory environment is vastly different, noting he went to prison for Binance's weak KYC, whereas Hyperliquid has no KYC. Although he would strongly oppose Binance adopting a similar model, he hopes Hyperliquid succeeds. If their mechanism is verified as decentralized, it could bring greater freedom to the industry.

CZ: I Went to Prison for Binance's Weak KYC, While Hyperliquid Has No KYC On June 29, 2026, Binance founder CZ CZ 🔶 BNB discussed Hyperliquid in an interview with The Block. He acknowledged its innovations but noted its no-KYC smart contract model fundamentally differs from a centralized exchange. CZ mentioned the protocol is controlled by a small team with closed-source code and significant authority. He believes today's regulatory environment is vastly different, noting he went to prison for Binance's weak KYC, whereas Hyperliquid has no KYC. Although he would strongly oppose Binance adopting a similar model, he hopes Hyperliquid succeeds. If their mechanism is verified as decentralized, it could bring greater freedom to the industry.

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CZ: What Would It Take for Aster to Beat Hyperliquid? (ARCHIVE FOOTAGE ) In an October 11, 2025 interview on the Threadguy channel, when asked what Aster needs to do to surpass Hyperliquid, Binance founder Changpeng Zhao (CZ) CZ 🔶 BNB stated that the two are not simply competitors, but serve different use cases. Hyperliquid is suited for "open, fully visible trading," while Aster is more open in privacy and native asset deposits, going beyond a BNB Chain-only Perp DEX.He noted both are relatively new, so the future remains uncertain and could shift to new entrants. "

CZ: What Would It Take for Aster to Beat Hyperliquid? (ARCHIVE FOOTAGE ) In an October 11, 2025 interview on the Threadguy channel, when asked what Aster needs to do to surpass Hyperliquid, Binance founder Changpeng Zhao (CZ) CZ 🔶 BNB stated that the two are not simply competitors, but serve different use cases. Hyperliquid is suited for "open, fully visible trading," while Aster is more open in privacy and native asset deposits, going beyond a BNB Chain-only Perp DEX.He noted both are relatively new, so the future remains uncertain and could shift to new entrants. "

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CZ on Trump's Push to Bring Hyperliquid to the U.S.: A Win for the Entire Crypto Industry Binance founder Changpeng Zhao (CZ) CZ 🔶 BNB said at the Wyoming Blockchain Symposium 2026 on August 19 that President Trump had mentioned CFTC Chairman Michael Selig was working to bring Hyperliquid into the U.S. market, potentially opening an important path for decentralized trading services. CZ said that if this model is allowed in the U.S., the benefits would extend beyond Hyperliquid, with more perpetual DEXs and decentralized services likely to follow. International centralized exchanges could also benefit from deeper U.S. liquidity and better execution prices for crypto users.

CZ on Trump's Push to Bring Hyperliquid to the U.S.: A Win for the Entire Crypto Industry Binance founder Changpeng Zhao (CZ) CZ 🔶 BNB said at the Wyoming Blockchain Symposium 2026 on August 19 that President Trump had mentioned CFTC Chairman Michael Selig was working to bring Hyperliquid into the U.S. market, potentially opening an important path for decentralized trading services. CZ said that if this model is allowed in the U.S., the benefits would extend beyond Hyperliquid, with more perpetual DEXs and decentralized services likely to follow. International centralized exchanges could also benefit from deeper U.S. liquidity and better execution prices for crypto users.

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59,568 views • 1 month ago

🚨 WATCH: Genius CEO and co-founder Armaan Kalsi explains why Hyperliquid is winning over institutions. "The reason that Wall Street likes Hyperliquid is that they trade on Hyperliquid. It is like they see an immediate use case for it beyond just I'm sending money. This is a better remittance trail, or this is a better borrowing market. I have a better repayment rate here than I do with a prime brokerage." #CHAINREACTION

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Cointelegraph

70,286 views • 3 months ago

🎙️CZ (CZ 🔶 BNB): “Because I’m forced not to touch CEXs (Binance), now the decentralized ecosystem ( $ASTER) is getting more attention. It’s actually working pretty well, I’d say” And I think Aster has a fantastic future…”

🎙️CZ (CZ 🔶 BNB): “Because I’m forced not to touch CEXs (Binance), now the decentralized ecosystem ( $ASTER) is getting more attention. It’s actually working pretty well, I’d say” And I think Aster has a fantastic future…”

Sr Peters

98,475 views • 1 year ago

The CEO of Real Vision says Hyperliquid is a niche product with no competitive advantage. "If I don't use it, I wouldn't buy it, and I'm just not a trader. I don't use perps; I don't use leverage." "Hyperliquid $HYPE is a great niche product within a broader ecosystem, but it has no real moat around it. Robinhood is going to come after that as fast as they can and eventually Coinbase too" Thoughts?

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Fibonacci 🥷

50,095 views • 4 months ago

"Is Hyperliquid taking over Binance?" CZ addresses the ongoing debate around Hyperliquid’s rapid rise and whether decentralized exchanges are threatening Binance’s market dominance: "A lot of people in crypto believe that Binance sees Hyperliquid as its first real competitor and that some of your public comments have been attempts to slow their momentum. What would you say to those people?" "No, they were wrong. I encourage way more crypto exchanges to innovate, and we view exchanges as helping to grow the pie." "Right now, the market is nowhere near saturated. Penetration-wise, there may be 5 to 15% of people who have some kind of crypto." "Net worth-wise, a very small percentage. Value-wise, we're probably like less than 1% penetration." "In this type of early stage, you want as many players as possible so that we can grow the industry."

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The Jedi M@n 🧑‍🦯

23,457 views • 12 days ago

The President said Hyperliquid on national TV, and the guy leading the effort to bring it onshore hit the floor. Jake Chervinsky, CEO of the Hyperliquid Policy Center: "I literally fell out of my chair when I heard him say Hyperliquid." "Honestly, there's no magic to this kind of thing." "We've just done really good work in Washington, and the CFTC has taken this question of how do we onshore Hyperliquid really seriously." "Clearly this is on the list of priorities, enough that it got through to the president." "I think that's a great sign." Full episode drops tonight.

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The Rollup

26,043 views • 1 month ago

Why do I know Aster 🥷 is going to become the biggest DEX in the world? The Chinese like to build. They like to build the biggest and best things. I’m backing CZ 🔶 BNB because there is no 2nd best. #BNB - Wynn

Why do I know Aster 🥷 is going to become the biggest DEX in the world? The Chinese like to build. They like to build the biggest and best things. I’m backing CZ 🔶 BNB because there is no 2nd best. #BNB - Wynn

JAMES WYNN

81,714 views • 1 year ago

Jason explains how Kinetiq could help spark a Hyperliquid alt season. “Kinetiq going after a problem everybody in Hyperliquid wants solved is a really good sign. If they succeed, it builds out the plumbing that allows people to speculate and do things on HyperEVM in a way that hasn’t been available."

Jason explains how Kinetiq could help spark a Hyperliquid alt season. “Kinetiq going after a problem everybody in Hyperliquid wants solved is a really good sign. If they succeed, it builds out the plumbing that allows people to speculate and do things on HyperEVM in a way that hasn’t been available."

Delphi Digital

54,403 views • 1 month ago

YZi Labs founder CZ 🔶 BNB joined TBPN today. John Coogan: “Do you know who Satoshi is?” CZ: "No. Even if I did, I would have said no." To him, a fully decentralized project with this level of OPSEC is incredibly rare - yet it remains the ultimate benchmark for trustless infrastructure, and a north star for builders tomorrow.

YZi Labs founder CZ 🔶 BNB joined TBPN today. John Coogan: “Do you know who Satoshi is?” CZ: "No. Even if I did, I would have said no." To him, a fully decentralized project with this level of OPSEC is incredibly rare - yet it remains the ultimate benchmark for trustless infrastructure, and a north star for builders tomorrow.

YZi Labs

18,667 views • 6 months ago

“Hyperliquid fails if the liquidity leaves.” Because that might be the most important sentence in the entire $hype thesis. Let's forget $319 for a second. Forget $100. Forget whether $80 is cheap. The entire game is liquidity. If traders, market makers, and capital keep choosing Hyperliquid, the machine compounds. If they leave, the story breaks. And that’s why something strange is happening. Grayscale is no longer framing Hyperliquid as just another DEX. The comparison is now Binance. OKX. Bybit. The incumbents. Because Hyperliquid isn’t just fighting for DEX volume anymore. It’s fighting for the liquidity that makes an exchange matter. And the numbers are getting harder to ignore. Hyperliquid’s total OI reached $14.3B. HIP-3 went from ~18% of total OI in March to more than 34% in August before cooling back down. Then look at what happened with USDC. Coinbase became Hyperliquid’s official USDC treasury deployer. Circle handles the technical deployment. And the new AQAv2 structure can route up to ~90% of reserve yield back toward the Hyperliquid ecosystem. Maybe read that again. The financial plumbing around the liquidity is starting to plug into the protocol itself. Meanwhile, Hyperliquid keeps expanding the surface area: perps. equities. commodities. RWAs. prediction markets. options. Multicoin’s $319 thesis assumes Hyperliquid can turn that expansion into roughly $8B of annual earnings by 2028. But here’s the part nobody gets to escape: The token supply is growing too. So Hyperliquid doesn’t win because volume goes up. It wins if earnings compound faster than supply. That’s the knife edge. and suddenly the $319 target doesn’t look like the story anymore. Liquidity is. Because if Hyperliquid becomes where capital wants to trade, settle and discover price… $80 could look absurdly cheap in hindsight. But if someone builds a better venue and the liquidity migrates? $319 becomes irrelevant. That’s the real HYPE trade. not “will HYPE hit $100?” not “can it hit $319?” can Hyperliquid become so deeply embedded in global liquidity that leaving becomes harder than staying? because if the answer is yes… we aren’t watching a DEX win. we’re watching an exchange become infrastructure.

“Hyperliquid fails if the liquidity leaves.” Because that might be the most important sentence in the entire $hype thesis. Let's forget $319 for a second. Forget $100. Forget whether $80 is cheap. The entire game is liquidity. If traders, market makers, and capital keep choosing Hyperliquid, the machine compounds. If they leave, the story breaks. And that’s why something strange is happening. Grayscale is no longer framing Hyperliquid as just another DEX. The comparison is now Binance. OKX. Bybit. The incumbents. Because Hyperliquid isn’t just fighting for DEX volume anymore. It’s fighting for the liquidity that makes an exchange matter. And the numbers are getting harder to ignore. Hyperliquid’s total OI reached $14.3B. HIP-3 went from ~18% of total OI in March to more than 34% in August before cooling back down. Then look at what happened with USDC. Coinbase became Hyperliquid’s official USDC treasury deployer. Circle handles the technical deployment. And the new AQAv2 structure can route up to ~90% of reserve yield back toward the Hyperliquid ecosystem. Maybe read that again. The financial plumbing around the liquidity is starting to plug into the protocol itself. Meanwhile, Hyperliquid keeps expanding the surface area: perps. equities. commodities. RWAs. prediction markets. options. Multicoin’s $319 thesis assumes Hyperliquid can turn that expansion into roughly $8B of annual earnings by 2028. But here’s the part nobody gets to escape: The token supply is growing too. So Hyperliquid doesn’t win because volume goes up. It wins if earnings compound faster than supply. That’s the knife edge. and suddenly the $319 target doesn’t look like the story anymore. Liquidity is. Because if Hyperliquid becomes where capital wants to trade, settle and discover price… $80 could look absurdly cheap in hindsight. But if someone builds a better venue and the liquidity migrates? $319 becomes irrelevant. That’s the real HYPE trade. not “will HYPE hit $100?” not “can it hit $319?” can Hyperliquid become so deeply embedded in global liquidity that leaving becomes harder than staying? because if the answer is yes… we aren’t watching a DEX win. we’re watching an exchange become infrastructure.

DMY.

33,448 views • 28 days ago

BREAKING: Secretary Rubio fires back at reporter: "I cannot understand why anyone would think it's a good idea for Iran to ever have a nuclear weapon." "Look what they're doing with the Strait right now. They're holding the whole world hostage." "What do you think they would do if they had a nuclear weapon? They would hold the world hostage with that nuclear weapon. That's what they would do." "I think the president's point is how anyone cannot see that as an unacceptable outcome and an unacceptable risk is beyond him. It's puzzling."

BREAKING: Secretary Rubio fires back at reporter: "I cannot understand why anyone would think it's a good idea for Iran to ever have a nuclear weapon." "Look what they're doing with the Strait right now. They're holding the whole world hostage." "What do you think they would do if they had a nuclear weapon? They would hold the world hostage with that nuclear weapon. That's what they would do." "I think the president's point is how anyone cannot see that as an unacceptable outcome and an unacceptable risk is beyond him. It's puzzling."

Fox News

180,391 views • 5 months ago

I think in retrospect hype is going to be such an obvious buy here It’s literally solidified itself as the future of crypto perpetuals No one is even trying to compete with hyperliquid, they are just trying to build on top of it It’s a steal here imo

I think in retrospect hype is going to be such an obvious buy here It’s literally solidified itself as the future of crypto perpetuals No one is even trying to compete with hyperliquid, they are just trying to build on top of it It’s a steal here imo

gainzy

49,351 views • 9 months ago

Threadguy explains why if you've never used Hyperliquid it's easy to be bearish on it and compares it to the Solana mistake from last cycle "If you never used Solana in 2024 you could have easily convinced yourself to be bullish on some other performance chain. Avax, whatever, they all did terrible. Solana mogged all of them. From the same lens, if you've never used Hyperliquid, it would be very easy to convince yourself that Coinbase or Robinhood is just gonna eat their lunch or that the product isn't that good or it's niche. It's very easy to make the same mistake if you've never used it as you could have made if you never used Solana in '24." "After using Hyperliquid every day for a year, I open up a brokerage account and try to trade on Robinhood and I'm like what the fuck is this? This is terrible. It's a product game. Robinhood won retail options because the product was so good, so smooth, so easy to use. I get on Hyperliquid for a month and Robinhood feels like garbage compared to it." "Think about how much money exists offshore that can't trade US equities that can now trade US equities on Hyperliquid. The only way you look at this price action and say all crypto sucks, this is a fake pump, is if you've never used the product."

Threadguy explains why if you've never used Hyperliquid it's easy to be bearish on it and compares it to the Solana mistake from last cycle "If you never used Solana in 2024 you could have easily convinced yourself to be bullish on some other performance chain. Avax, whatever, they all did terrible. Solana mogged all of them. From the same lens, if you've never used Hyperliquid, it would be very easy to convince yourself that Coinbase or Robinhood is just gonna eat their lunch or that the product isn't that good or it's niche. It's very easy to make the same mistake if you've never used it as you could have made if you never used Solana in '24." "After using Hyperliquid every day for a year, I open up a brokerage account and try to trade on Robinhood and I'm like what the fuck is this? This is terrible. It's a product game. Robinhood won retail options because the product was so good, so smooth, so easy to use. I get on Hyperliquid for a month and Robinhood feels like garbage compared to it." "Think about how much money exists offshore that can't trade US equities that can now trade US equities on Hyperliquid. The only way you look at this price action and say all crypto sucks, this is a fake pump, is if you've never used the product."

Kai

22,894 views • 4 months ago

Ansem on solana:So11111111111111111111111111111111111111112 vs hyperliquid:native "You should hold both. I don't think it's one or the other. They're both great assets and both will do well long term" "Hyperliquid has proven itself with one singular application. But what Solana is much better at is being an L1 where a ton of applications can build on top" "There could be a perp exchange that competes with Hyperliquid, but also Pumpfun, Collector Crypt, and a bunch of other consumer apps doing well at the same time" "Right now sentiment on Hyperliquid is super high and sentiment on Solana is super low. That's where the divergence is"

Ansem on solana:So11111111111111111111111111111111111111112 vs hyperliquid:native "You should hold both. I don't think it's one or the other. They're both great assets and both will do well long term" "Hyperliquid has proven itself with one singular application. But what Solana is much better at is being an L1 where a ton of applications can build on top" "There could be a perp exchange that competes with Hyperliquid, but also Pumpfun, Collector Crypt, and a bunch of other consumer apps doing well at the same time" "Right now sentiment on Hyperliquid is super high and sentiment on Solana is super low. That's where the divergence is"

Market Bubble

56,110 views • 3 months ago

CZ: If I Could Do It Again, I'd Block U.S. Users From Day One Binance founder Changpeng Zhao (CZ) CZ 🔶 BNB reflected in a May 9, 2026 interview with Crypto In America that if he could do it again, he would block U.S. users and set up geo-fencing from day one, while investing earlier in KYC and compliance. He said Binance was only a roughly 20-person team with very few users in 2017, and he viewed it more as a technology platform than a financial platform at the time. CZ said many of the later problems could have been avoided at the source if those steps had been taken from the beginning.

CZ: If I Could Do It Again, I'd Block U.S. Users From Day One Binance founder Changpeng Zhao (CZ) CZ 🔶 BNB reflected in a May 9, 2026 interview with Crypto In America that if he could do it again, he would block U.S. users and set up geo-fencing from day one, while investing earlier in KYC and compliance. He said Binance was only a roughly 20-person team with very few users in 2017, and he viewed it more as a technology platform than a financial platform at the time. CZ said many of the later problems could have been avoided at the source if those steps had been taken from the beginning.

Wu Blockchain

37,025 views • 4 months ago

🚨 MARCO RUBIO ON PRESIDENT TRUMP'S DEBATE WITH POPE LEO: "What the President basically said is that Iran can't have a nuclear weapon because they would use it against places that have a lot of Catholics and Christians and others for that matter!" "It goes back to the central point. I think the President, without trying to speak for him, but I think I can characterize it this way. He doesn't understand why anybody, leave aside the Pope." "The President and I for that matter, I think most people, I cannot understand why ANYONE would think that it's a good idea for Iran to ever have a nuclear weapon." "Look what they're doing with the Straits right now. They're holding the whole world hostage." "They have these sailors on commercial ships that are going to starve to death out there. They don't care. They don't care that this is melting the economies around the world, even of their own allies." "This is what they're doing with the Straits. What do you think they would do if they had a nuclear weapon? They would hold the world hostage with that nuclear weapon. That's what they would do."

🚨 MARCO RUBIO ON PRESIDENT TRUMP'S DEBATE WITH POPE LEO: "What the President basically said is that Iran can't have a nuclear weapon because they would use it against places that have a lot of Catholics and Christians and others for that matter!" "It goes back to the central point. I think the President, without trying to speak for him, but I think I can characterize it this way. He doesn't understand why anybody, leave aside the Pope." "The President and I for that matter, I think most people, I cannot understand why ANYONE would think that it's a good idea for Iran to ever have a nuclear weapon." "Look what they're doing with the Straits right now. They're holding the whole world hostage." "They have these sailors on commercial ships that are going to starve to death out there. They don't care. They don't care that this is melting the economies around the world, even of their own allies." "This is what they're doing with the Straits. What do you think they would do if they had a nuclear weapon? They would hold the world hostage with that nuclear weapon. That's what they would do."

Eric Daugherty

18,840 views • 5 months ago