Odaily Planet Daily reports that Haseeb Qureshi, Managing Partner at Dragonfly, stated that Hyperliquid has limited user overlap with centralized exchanges, and many users who cannot complete compliant KYC or have difficulty accessing mainstream platforms use Hyperliquid as their primary trading gateway. As Hyperliquid’s market share grows, trading volumes on centralized exchanges have not declined—both are expanding, suggesting the market is broadening rather than experiencing one-way market share shifts. Qureshi expects the crypto market to perform well over the next 6 to 12 months and believes crypto investments will gradually integrate into fintech, digital banking, consumer products, stablecoin infrastructure, and AI.
Hyperliquid and centralized exchanges experience concurrent growth.
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Summary
Hyperliquid and centralized exchanges are both gaining users, with limited overlap. Many traders unable to complete KYC or access major platforms use Hyperliquid as their primary entry point. Rising trading volumes on both platforms indicate market expansion, not a shift in market share. Haseeb Qureshi notes that the Fear & Greed Index remains positive, with strong crypto momentum expected over the next 6 to 12 months.
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