ARK Invest CEO Cathie Wood compared Hyperliquid to Solana, praising its potential in a recent interview. ARK Invest holds Bitcoin, Ethereum, and Solana, with exposure to Solana through Breera Sports. Wood noted Hyperliquid as one to watch amid growing competition in the perpetual futures DEX space. Bitcoin remains a dominant force in Wood’s crypto outlook.

Wood believes in a future dominated by a few key cryptocurrencies, with Bitcoin leading the pack. While Ethereum powers DeFi, Bitcoin’s fixed supply and resilience make it a core asset in ARK’s strategy. Wood highlighted stablecoins’ rising importance but emphasized Bitcoin’s central role. The fund holds derivatives related to Solana but maintains a narrow focus on key assets.

Retail traders and quants are increasingly drawn to DEXs like Hyperliquid, driven by airdrops, low fees, and fast trades. Institutions still favor centralized exchanges for fiat access and compliance. However, order-book DEXs like Hyperliquid and dYdX v4 are closing the performance gap, offering speed and liquidity comparable to CEXs.

Read more at Cointelegraph: Hyperliquid Feels Like Early Solana