🔶 Arthur Hayes: The success of
#Hyperliquid is hard to replicate, but the Perp DEX war has only just begun
On November 3, Arthur Hayes candidly stated in an interview with the Coin Bureau channel:
👉 Nowadays, quite a few emerging Perp DEXs are already trying to grab market share from Hyperliquid.
But he also poured some cold water on the situation:
Just because you launch a contract DEX doesn’t mean you’ll become the next Hyperliquid.
——
🟡 Why is Hyperliquid hard to replicate?
Hayes believes the key isn’t the product itself,
but rather:
✅ Token issuance pace
✅ Buyback mechanism
✅ Market se