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Wall Street Is Coming for Hyperliquid's Perps Crown, Arthur Hayes Says
Arthur Hayes warned that Hyperliquid's core value driver—using trading fees to burn tokens—exposes the protocol to market share losses.
Decrypt — 7 June 2026
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Arthur Hayes warned that Hyperliquid's core value driver—using trading fees to burn tokens—exposes the protocol to market share losses. This report c
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