According to CoinMeta, Dragonfly managing partner Haseeb Qureshi stated that Hyperliquid has limited overlap with the user base of centralized trading platforms. Many users who are unable to comply with KYC requirements or have difficulty accessing mainstream platforms use Hyperliquid as their primary trading entry point. While the market share of Hyperliquid is growing, the trading volume of centralized trading platforms has not decreased; both parties are expanding, indicating that the market is experiencing boundary expansion rather than a one-way transfer of shares. Haseeb Qureshi expects the crypto market to perform well over the next 6 to 12 months and believes that crypto investments will integrate into fields such as fintech, digital banking, consumer products, stablecoin backends, and AI.