Grayscale Research cast Hyperliquid as a standout DeFi contender with potential to scale into a major on-chain financial services platform. Its report

A new report shows Hyperliquid is rapidly expanding beyond crypto into pre-IPO markets, prediction contracts, and 24/7 asset trading, putting Wall Street giants on high alert.

Grayscale's latest GHYP amendment adds momentum to the Hyperliquid ETF race as HYPE joins Bitwise and 21Shares in the growing altcoin ETF market.

Grayscale Research cast Hyperliquid as a standout DeFi contender with potential to scale into a major on-chain financial services platform. Its report

Earlier this month, 21Shares and Bitwise Investments became the first firms to launch HYPE-based exchange-traded funds.

The digital asset manager says Hyperliquid is emerging as a blockchain-based financial infrastructure platform with the potential to expand beyond crypto trading and challenge…