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Zhao Changpeng: Does not oppose Hyperliquid, welcomes more DEX to participate in competition

Binance founder Changpeng Zhao stated during his appearance on the podcast "When Shift Happens" that he does not oppose Hyperliquid and welcomes more centralized and decentralized trading platforms to participate in innovation, as the industry is far from saturated. He estimates that the proportion of the population holding some form of cryptocurrency is about 5% to 15%, but when calculated based on individual wealth allocation, the penetration rate of cryptocurrency assets may be less than 1%, indicating that the industry is still in its early stages.Changpeng Zhao mentioned that some members of the Hyperliquid community are trying to establish their own community by criticizing centralized trading platforms and Binance, but he views this as normal competition and does not oppose the project. Previously, Trump mentioned Hyperliquid, which is very good for the industry. Assets like HYPE, BNB, and Bitcoin could all benefit from the overall growth of the industry.Changpeng Zhao also pointed out that first movers do not necessarily become the long-term biggest winners. Google, Facebook, and Binance were not the first products in their respective fields, and later entrants can often further optimize based on the groundwork laid by the pioneers. Although he holds a significant amount of Binance shares and BNB, the centralized trading platform is just part of his asset allocation; rather than expanding a single platform, he hopes to promote the growth of the entire cryptocurrency industry.
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