Hyperliquid is facing renewed scrutiny after prominent investor and entrepreneur Kyle Samani accused the decentralized trading platform of overstating its permissionless nature. The criticism follows the Monetary Authority of Singapore (MAS) adding Hyperliquid to its Investor Alert List (IAL), raising fresh questions about the platforms governance, decentralization, and regulatory standing.
HYPE continues attracting institutional attention as network activity reshapes long-term demand.
A rotation out of chipmakers lifted much of the stock market, with the equal-weight S&P 500 at a record. Crypto was not part of it.
Hyperliquid's self-sustained growth and diversification into new markets could redefine decentralized finance, challenging traditional exchanges. Hyperliquid generates $700M in annualized revenue from $3B collateral.
Hyperliquid's dominance in decentralized perpetual trading highlights the growing integration of DeFi with traditional financial markets. Hyperliquid captures 80% of decentralized perpetual trading volume.
Multicoin Capital projects a $319 price target for HYPE, based on expectations of roughly $8 billion in annual protocol revenue by 2028. The firm identifies Hyperliquid as one of its largest liquid holdings, signaling strong institutional conviction.
The Monetary Authority of Singapore has added Hyperliquid to its Investor Alert List, prompting the decentralized exchange to state that it has never claimed to be licensed or authorized by the country's financial regulator.
Hyperliquid was added to the Investor Alert List of the Monetary Authority of Singapore, which identifies unregulated entities in its jurisdiction. The platform clarified that it never claimed to be authorized by MAS and that its permissionless infrastructure has not undergone any changes.
The warning list does not stop the network, but it shifts pressure to the front end users actually see.
On June 26, Singapore's financial watchdog placed Hyperliquid on its official Investor Alert List, citing the platform's absence of domestic regulatory approval. The warning encompasses both the Hyper Foundation's web presence and its decentralized trading application.
Singapore's MAS adds Hyperliquid to its Investor Alert List, stating the platform is not licensed or regulated locally.
The decentralized trading protocol says it has never claimed to be licensed by MAS after being added to Singapore's Investor Alert List.