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Sunny Shi
Investor at Syncracy Capital and analyst of on-chain order-book perps, offering research-driven perspectives on volume, open interest, and product/market fit across PerpDEX competitors.
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Oct 2, 2025
• 1h 13min
How Hyperliquid Came to ‘Threaten the Very Existence’ of CEXs Like Binance - Ep. 915
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Ryan Watkins, co-founder of Syncracy Capital and crypto investor, teams up with Sunny Shi, a keen analyst from the same firm, to explore the fierce rivalry between decentralized exchanges (DEXs) and centralized giants like Binance. They discuss the implications of new competitors like Aster, the dynamics of on-chain order books, and what Hyperliquid's growth means for traditional exchanges. Their insights on Solana's potential role and the evolving market landscape shed light on the future of trading in crypto.
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