BTC $62,947.70 +1.18%
ETH $1,747.31 +0.45%
BNB $571.17 +0.78%
XRP $1.09 +0.49%
SOL $78.00 +0.80%
TRX $0.3317 +0.70%
DOGE $0.0729 +0.40%
ADA $0.1664 +0.03%
BCH $236.49 +0.20%
LINK $7.74 +1.39%
HYPE $67.29 -0.66%
AAVE $91.32 +3.72%
SUI $0.7183 +1.16%
XLM $0.1822 +0.44%
ZEC $471.18 +1.02%
BTC $62,947.70 +1.18%
ETH $1,747.31 +0.45%
BNB $571.17 +0.78%
XRP $1.09 +0.49%
SOL $78.00 +0.80%
TRX $0.3317 +0.70%
DOGE $0.0729 +0.40%
ADA $0.1664 +0.03%
BCH $236.49 +0.20%
LINK $7.74 +1.39%
HYPE $67.29 -0.66%
AAVE $91.32 +3.72%
SUI $0.7183 +1.16%
XLM $0.1822 +0.44%
ZEC $471.18 +1.02%

pan

All
Article
Flash

first_img Pantera Capital: Hyperliquid's potential addressable market daily trading volume is approximately $100 trillion, with regulation remaining the biggest risk

According to a post by the cryptocurrency venture capital fund Pantera Capital, Hyperliquid's potential addressable market size is approximately $100 trillion in nominal daily trading volume, which includes about $200 billion in 0DTE options and leveraged ETF trading, around $2 trillion in commodity derivatives trading, and approximately $8 trillion in foreign exchange derivatives trading, which is currently almost entirely off-chain.Pantera stated that if Hyperliquid can consistently capture a low single-digit share of the aforementioned comprehensive trading volume, its revenue potential could reach up to five times the current level. It is estimated that if the HIP-3 market is calculated at an annualized nominal trading volume of $36.5 trillion and captures a 1% market share, under the assumption of a 2 basis points comprehensive fee rate and a 50% Hyperliquid economic split, Hyperliquid could generate approximately $3.7 billion in revenue.However, Pantera also pointed out that regulation is the biggest risk facing Hyperliquid. Perpetual contracts are not yet fully open in the United States, and if the U.S. pushes for the legalization of related products and launches regulated platforms in the future, Hyperliquid may face more intense competition, and some U.S. user trading volume may also shift to compliant venues. Pantera also believes that Hyperliquid may eventually launch a regulated version for the U.S. market, similar to other platforms.

Japan's Siiibo Securities will be renamed Metaplanet Securities, laying out a BTC financial platform

The Japanese corporate bond issuance and purchasing platform operator Siiibo Securities announced that it plans to change its name to "Metaplanet Securities Inc." on July 13, 2026, and officially join the Metaplanet Group.Siiibo Securities stated that this name change requires approval from a temporary shareholders' meeting. The company previously operated with the mission of "creating free, transparent, and fair direct finance," providing an online private bond issuance and purchasing platform aimed at emerging enterprises and individual investors, and holds a first-class financial instruments business license in Japan.With the integration into the Metaplanet Group, Siiibo will further expand its business direction in the future, planning to leverage its parent company's experience in Bitcoin (BTC) asset operations to develop and offer BTC-based financial products to individual investors, creating a "BTC × Finance" platform.It is understood that Siiibo Securities was established in 2019 and currently operates an online securities platform focused on corporate bonds, providing private bond issuance and investment services. The platform has covered approximately 40 companies and over 100 types of bond products. After joining the Metaplanet Group, it will no longer be limited to the venture debt field but will explore more innovative income products that meet investor return demands.
app_icon
ChainCatcher Building the Web3 world with innovations.