{"id":297656,"date":"2025-09-21T23:21:14","date_gmt":"2025-09-21T23:21:14","guid":{"rendered":"https:\/\/newhampshiredigitalnews.com\/index.php\/2025\/09\/21\/hyperliquid-proves-onchain-perps-can-thrive-with\/"},"modified":"2025-09-21T23:21:14","modified_gmt":"2025-09-21T23:21:14","slug":"hyperliquid-proves-onchain-perps-can-thrive-with","status":"publish","type":"post","link":"https:\/\/newhampshiredigitalnews.com\/index.php\/2025\/09\/21\/hyperliquid-proves-onchain-perps-can-thrive-with\/","title":{"rendered":"Hyperliquid proves onchain perps can thrive with"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/crypto.news\/app\/uploads\/2025\/01\/crypto-news-Hyperliquid-option04.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">OKX CEO Star Xu has praised Hyperliquid\u2019s success in the on-chain perpetuals space and noted that the platform achieved massive success with very few employees.<\/p>\n<div id=\"cn-block-summary-block_ce775261f3b27d05acd352aa752f3937\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>OKX CEO highlights Hyperliquid\u2019s success and regulatory barriers to mainnet launch.<\/li>\n<li>CFTC enforcement actions on DeFi keep exchanges cautious on perpetuals rollout.<\/li>\n<li>Arthur Hayes predicts HYPE may hit $5,000 by 2028.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">OKX CEO points to regulatory enforcement as market barrier<\/h3>\n<p>Xu\u2019s comments come as HYPE (<a href=\"https:\/\/crypto.news\/price\/hyperliquid\/\" target=\"_blank\">HYPE<\/a>) token reached a new all-time high of $59.30 on September 18, jumping over 30% in the last 30 days.<\/p>\n<p>Xu revealed that OKX Web3 has been testing a similar product since 2023 but chose not to launch on mainnet due to regulatory concerns.<\/p>\n<p>He pointed to the CFTC\u2019s 2023 enforcement action against Deridex as a key factor.<\/p>\n<p>The OKX CEO shared CFTC enforcement data showing charges against Opyn, ZeroEx, and Deridex for failing to register as swap execution facilities, designated contract markets, or futures commission merchants.<\/p>\n<p>The companies were also charged with illegally offering leveraged and margined retail commodity transactions in digital assets without proper registration.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hyperliquid proved that massive success in onchain perps can be achieved with very few employees. Now, more competitors like <a href=\"https:\/\/twitter.com\/search?q=%24Aster&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$Aster<\/a> are stepping into the space. OKX Web3 has been testing a similar product since 2023, but we chose not to launch mainnet due to regulatory concerns.\u2026<\/p>\n<p>\u2014 Star (@star_okx) <a href=\"https:\/\/twitter.com\/star_okx\/status\/1969591434652369351?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 21, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Xu expressed hope that the industry will soon gain much-needed regulatory clarity which will allow platforms like OKX to safely enter the on-chain perpetuals market.<\/p>\n<p>Meanwhile, he noted that more competitors like Aster are stepping into the space following Hyperliquid\u2019s success.<\/p>\n<p>The CFTC\u2019s enforcement actions against DeFi platforms have created a cautious atmosphere.<\/p>\n<p>The charges centered on failures to comply with traditional financial regulations adapted for digital assets. This includes lack of proper customer identification programs needed under Bank Secrecy Act compliance.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Arthur Hayes predicts $5,000 HYPE target by 2028<\/h3>\n<p>BitMEX co-founder and Maelstrom CIO Arthur Hayes has made one of his most aggressive cryptocurrency predictions. He suggested that HYPE could reach $5,000 by 2028.<\/p>\n<p>Hayes shared his bullish thesis during multiple September 2025 appearances, including the WebX 2025 conference in Tokyo and a podcast interview with Kyle Chasse.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>His prediction builds on earlier remarks where he suggested HYPE could see a 126-fold gain within three years. Hayes\u2019 $5,000 target would be an 84x to 86x increase from current levels.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/okx-ceo-hyperliquid-proves-onchain-perps-can-thrive-with-small-teams\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OKX CEO Star Xu has praised Hyperliquid\u2019s success in the on-chain perpetuals space and noted that the platform achieved massive success with very few employees.<\/p>\n","protected":false},"author":1,"featured_media":297657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[163],"tags":[],"class_list":["post-297656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/297656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=297656"}],"version-history":[{"count":0,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/297656\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/297657"}],"wp:attachment":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=297656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=297656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=297656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}