HyperLiquid, a new layer-1 blockchain and decentralized exchange, has been predicted to possibly surpass competitors in fee generation by 2025, according to Ryan Watkins, co-founder of Syncracy Capital. This prediction highlights the platform’s potential due to its comprehensive integration of profitable crypto businesses, including spot and derivatives exchanges alongside its cutting-edge blockspace technology, HyperEVM. However, Watkins emphasized that achieving dominance would require the addition of a stablecoin, a challenging yet not unprecedented component of crypto projects. Ethena Labs’ recent launch of a stablecoin backed by Blackrock is a parallel endeavour in this direction. Although currently generating lower fees than Ethereum, Solana, and Tron, HyperLiquid’s rising traction could mark a significant shift in the blockchain landscape in the coming year.
