Hyperliquid Strategies Takes Aim at Crypto Incumbents

At the exclusive SALT crypto conference in Jackson Hole, Wyoming, Hyperliquid Strategies CEO David Schamis made a lasting impression. The old-school Wall Street guy has led his company to remarkable success with its publicly traded digital asset treasury (DAT) and token, HYPE.

HYPE's value grows as Hyperliquid DeFi platform dominates the perpetual futures trade, using fee income to burn tokens. The platform's customers include commodities traders who use perps to swing oil contracts 24/7.

Although Hyperliquid has operated overseas since its 2023 launch, it is now gearing up to create a regulated U.S.-based operation. Its American-born CEO, Jeff Yan, and influential advocates like President Trump and CFTC Chairman have given the company momentum in this direction.