# Сопутствующие статьи по теме Market Hours

Technology Has No Barriers, 24/7 Trading is the Key to Hyperliquid's Success

The article argues that Hyperliquid's competitive edge lies not in technological superiority but in its 24/7 trading model, which fundamentally challenges traditional finance's fixed market hours. Based in Singapore with an 11-person team, Hyperliquid has generated significant revenue and trading volume. Its core advantage is the ability to facilitate trading continuously, including during weekends when major exchanges like the CME are closed. This was demonstrated when Hyperliquid listed a SpaceX pre-IPO perpetual contract on a Sunday, allowing the market to price the company hours before traditional institutions opened. This disruption has drawn regulatory scrutiny from traditional giants like CME and ICE, who cite risks like lack of KYC and market manipulation. However, the article suggests their concern stems from Hyperliquid eroding the "time monopoly" of established markets. The piece contrasts Hyperliquid's synthetic derivatives—pure price-betting contracts with no underlying asset or centralized issuer—with other models like PreStocks (dependent on real股权) and Ondo (licensed but targetable). Hyperliquid's code-based, decentralized structure makes it resilient to takedowns, even if founders face legal action. Ultimately, the author concludes that while it raises legitimate regulatory questions, Hyperliquid's "unforgeable" competitive barrier is the time advantage of non-stop trading, a feature legacy systems cannot replicate.

marsbit05/25 09:05