Jeff Sprecher calls Hyperliquid bigger than NASDAQ, run by 11 people
Jeff Sprecher, CEO of Intercontinental Exchange, stated that the decentralized exchange Hyperliquid is larger than NASDAQ, despite having only 11 employees. Hyperliquid has achieved significant market share in decentralized perpetual futures trading, generating substantial revenue. The platform's innovative structure and recent expansions into new trading products have garnered attention from traditional finance leaders.
- ▪Hyperliquid is processing approximately $9.5 billion in open interest.
- ▪The platform has generated an estimated $650 million in annualized protocol revenue.
- ▪Hyperliquid recently launched S&P 500 perpetual futures contracts and has expanded into prediction markets.
Opening excerpt (first ~120 words) tap to expand
Jeff Sprecher calls Hyperliquid bigger than NASDAQ, run by 11 people The CEO of Intercontinental Exchange, which owns the New York Stock Exchange, pointed to the decentralized exchange as a stunning example of lean efficiency disrupting legacy finance. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The guy who owns the New York Stock Exchange just told a room full of institutional…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
Discussion
0 commentsMore from Crypto Briefing
