Woofun AI reports that Changpeng Zhao, founder of Binance, has publicly praised the innovations of Hyperliquid, describing them as truly outstanding. Zhao admitted that the platform has successfully captured a specific market segment where Binance finds it difficult to compete effectively.

Zhao highlighted that Hyperliquid operates without requiring customers to undergo KYC procedures and positions itself as decentralized. While noting he would not adopt this model himself, he speculated that the project likely benefits from a professional legal team providing essential support.