FalconX analyzed that decentralized cryptocurrency derivatives exchange Hyperliquid (HYPE) is emerging as a competitor to traditional exchanges, prediction markets, and more. According to CoinDesk, crypto prime broker FalconX explained in a recent report, "Hyperliquid is expanding its business beyond perpetual futures to include pre-IPO trading, prediction contracts, and tokenized real-world assets (RWA). As a result, a direct competitive landscape is forming with traditional exchanges and prediction markets."
