Ansem Says Hyperliquid Needs More Users for Long-Term Growth
He said most of the platform’s growth momentum comes from TradeXYZ and pointed to liquidity infrastructure for financial platforms as a larger opportunity.

Ansem sees Hyperliquid’s long-term growth tied to a larger user base and a role as liquidity infrastructure for financial platforms, as its existing trader community has not substantially expanded.
He said most of Hyperliquid’s growth momentum comes from TradeXYZ. Slower crypto trading activity and a trader base that has shown little expansion make reaching more users important to the platform’s next stage, he said.
Cooperation with regulated front ends such as Kraken could help widen Hyperliquid’s audience, Ansem said. He also sees a larger opportunity in providing underlying liquidity for a range of financial platforms, a view connected to the finance-network thesis.
Ansem said he is watching the scale of Hyperliquid’s ecosystem expansion over the coming years more closely than its current revenue.