CEO Jeffrey Sprecher discussing Hyperliquid's trading volume surpassing Nasdaq at a conference.
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Ice ceo says hyperliquid bigger than nasdaq

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English

Jeffrey Sprecher, chief executive of Intercontinental Exchange, described the decentralized crypto platform Hyperliquid as bigger than Nasdaq in trading activity during a May 27 conference appearance.

Sprecher made the remarks in a fireside chat with Bernstein analyst Chinedu Bolu. He highlighted Hyperliquid's small team of 11 people and its dominance of more than 70 percent of the decentralized perpetual futures market. The HYPE token has a market capitalization of roughly $15.1 billion, compared with Nasdaq Inc.'s $50 billion valuation as of May 28.

What people are saying

Reactions on X focus on ICE CEO Jeffrey Sprecher's claim that Hyperliquid exceeds Nasdaq in trading volume, praising its 24/7 operations and efficiency with a small team. Users note growing institutional interest and calls for regulatory parity. Some express skepticism about the comparison's validity. Discussions highlight price impacts on $HYPE and broader DeFi-TradFi shifts.

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