The Milk Road Show Why Hyperliquid Could Flip Solana & Ethereum w/ Ryan Watkins
Jul 24, 2025
Ryan Watkins, founder of Syncracy Capital, shares his insights on Hyperliquid, a promising onchain exchange and emerging Layer 1 that could rival Solana and Ethereum. He discusses Hyperliquid’s unique advantages in the DeFi landscape, including innovative models aimed at decentralizing market creation. Additionally, Ryan dives into the intricacies of token supply mechanics and their implications for investment potential. With a focus on community ownership and competitive growth metrics, this conversation highlights potential shifts in the crypto market.
AI Snips
Chapters
Transcript
Episode notes
Crypto Market's Institutional Shift
- The crypto market structure has shifted with institutional inflows and treasury companies driving altcoin growth.
- This new capital dynamic reduces previous overhangs and changes altcoin market sentiment profoundly.
Hyperliquid's Expanding Dominance
- Hyperliquid evolved from just an on-chain perpetual swap exchange to potentially dethroning centralized exchanges.
- Key features include composability, lower fees, and a multi-interface ecosystem enabling rapid expansion and market creation.
Hyperliquid: The Everything Exchange
- Hyperliquid aims to become the "Everything Exchange," surpassing predecessors like Coinbase and FTX without the latter's failures.
- It plans to integrate spot, perps, and new asset classes to dominate financial markets through decentralization and innovation.