Haseeb Qureshi: Hyperliquid expands with centralized trading platform

Haseeb Qureshi, Managing Partner of Dragonfly, stated that Hyperliquid has limited overlap with the user base of centralized trading platforms, and many users who are unable to complete compliant KYC or have difficulty accessing mainstream platforms use Hyperliquid as their primary trading entry point. While the market share of Hyperliquid is growing, the trading volume of centralized trading platforms has not decreased, and both parties are expanding. The market belongs to boundary expansion rather than one-way share transfer. Haseeb Qureshi expects the cryptocurrency market to perform well in the next 6 to 12 months and believes that cryptocurrency investments will be integrated into areas such as fintech, digital banking, consumer products, stablecoin backends, and AI.