CZ Welcomes Hyperliquid Competition as HYPE Trades Near $92
Hyperliquid (HYPE)
Editor:
Eugene Serbin
lookonchain.com reports that Binance founder Changpeng Zhao stated he does not oppose Hyperliquid and welcomes more decentralized exchanges to compete. Speaking on the "When Shift Happens" podcast, Zhao noted the crypto industry is far from saturated, with crypto assets held by only 5% to 15% of the global population. He observed that when measured as a share of individual wealth, penetration is less than 1%, indicating the sector remains in its early stages.
Zhao viewed community members criticizing centralized exchanges as normal competition and welcomed former U.S. President Donald Trump’s recent mention of Hyperliquid as a positive development. He cited examples like Google and Facebook to illustrate that first movers do not always become the biggest long-term winners. Zhao emphasized that he prioritizes driving the growth of the entire crypto industry rather than focusing solely on expanding Binance.
He noted that assets including HYPE, BNB, and Bitcoin are poised to benefit from the sector’s overall growth. Despite holding large stakes in Binance and significant BNB holdings, centralized exchanges represent only a portion of his asset allocation.
How the market reacted
Whalio's own Binance spot order flow for HYPE, measured when this story was written up on 27 September 2026. Not the outlet's figures.
HYPE is trading at $92.58 with a spot volume of $10,089,306 over the last 24 hours. The 1-hour buy ratio stands at 54.1% and the 4-hour ratio is 54.0%, both indicating a majority of trades are buying. This contrasts with the 24-hour buy ratio of 48.4%, suggesting that buying pressure has strengthened in the shorter term compared to the full day. The volume delta shows +$32,728 for the last hour and +$140,909 for the last four hours, signaling net inflows in recent periods. However, the 24-hour volume delta is -$326,292, indicating that net outflows dominated the broader daily timeframe. The cumulative volume delta closed at +$36,020, reflecting that net buying exceeded net selling over the full day despite the negative delta figure.