Caixin: ChangXin Technology Contract Boosts Hyperliquid, Offshore Trading Platform Expansion Draws Attention According to Caixin, Hyperliquid has sparked widespread discussion in the domestic market. The trigger wasn’t the HYPE token airdrop or crude oil contracts, but rather contracts related to the Chinese asset ChangXin Technology (CMXT). The report views this as a microcosm of offshore crypto trading platform expansion: as traditional centralized exchanges face regulatory pressure, on-chain perpetual contract platforms like Hyperliquid are attracting users by expanding their range of tradable assets, driving changes in the crypto derivatives market. Whether such platforms can sustain growth still depends on how product demand and regulatory boundaries evolve.