Neuner Warns Regulation Threatens Hyperliquid Dominance

Ran Neuner, founder of Crypto Banter, has identified regulation as the main risk for Hyperliquid, the layer-1 network behind one of the largest decentralized perpetual futures venues.

Speaking on Cointelegraph's Chain Reaction podcast, Neuner noted that governments will likely turn their attention from centralized exchanges to decentralized platforms once current centralized frameworks are in place.

Hyperliquid has already achieved significant market share, with DeFiLlama data cited by Neuner showing it led perpetual DEXs by trading volume over the past 30 days, with roughly $223 billion in that period.

Neuner argued that regulation could be a major challenge for decentralized exchanges, as they operate without the same intermediaries that regulators have started to license and supervise.