Bankless · Tuesday, July 7, 2026
Tushar Jain, partner at Multicoin, believes Hyperliquid is positioned to become the backend for a global decentralized finance (DeFi) ecosystem, enabling an 'everything exchange' where users can gain exposure to any asset or derivative. He stated that Hyperliquid is more than just a fast-growing perpetual exchange and has the potential to power a wide range of financial products for users worldwide.
“And expand into being the place for the everything exchange where anyone anywhere can get exposure to any asset or event contract or derivative that they want to.”
“So at a high level, I think that's the very bullish case for hype is that it started out as a perplex, but then it becomes the back end of a global DeFi mullet and powers the everything exchange.”