Binance founder CZ commented on Hyperliquid on the Galaxy Brains podcast, stating: “I think Hyperliquid’s innovation is actually awesome.” CZ said Hyperliquid occupies a niche market where Binance cannot compete. The platform does not require KYC and brands itself as decentralized. However, CZ also said that based on his past experience, he would not adopt Hyperliquid’s current operation model, adding “I guess they have a very strong legal team.”