Yan sees Hyperliquid growth as Wall Street enters DeFi space

Yan, a notable figure in the cryptocurrency sector, has expressed confidence in Hyperliquid ’s growth, highlighting Wall Street’s increasing involvement as a catalyst for expansion. This statement aligns with recent trends where institutional investors are reportedly increasing their capital allocation to onchain activities, particularly in decentralized finance (DeFi) protocols like Hyperliquid. The Hyperliquid protocol, known for its decentralized perpetual-futures platform, has seen its native token, HYPE, priced between $79 and $96. This price range is set against a backdrop of a reported market capitalization of $20 billion to $26 billion and significant daily volumes.