ARK Invest CEO Cathie Wood Calls Hyperliquid ‘Exciting,’ Compares It To Early Solana
ARK Invest CEO Cathie Wood likened ”new kid on the block” Hyperliquid to early-stage Solana. “It’s exciting,” Wood said on the Master Investor podcast. ”It reminds me of Solana in the earlier days, and Solana has proven its worth and is, you know, there with the big boys.” ARK Invest Still Waiting To See How Hyperliquid Performs Hyperliquid is a decentralized exchange (DEX) that was built on its own layer-1 blockchain network. While the platform is optimized for perpetual futures and derivatives trading, it does also offer support for spot and other trading operations. The platform splits execution into two main components. Order book operations such as matching, margin, liquidations, etc. are managed on HyperCore, while HyperEVM is the platform’s smart contract and general execution layer that interacts with the exchange’s core. In February this year, the smart contract functionality launched on the mainnet. Following thi...