Arthur Hayes: Hyperliquid is still the best perp DEX, but the risk-reward is no longer as favorable as in the early days Flop Labs CEO Arthur Hayes @CryptoHayes shared in an interview with @BitcoinNews at the 2026 KBW venue on September 30 that Hyperliquid remains the best perpetual DEX currently, but the risk-reward ratio is no longer as attractive as it was earlier. He revealed that he had bought HYPE at around $30 and sold at $75, and even when the price dropped back to over $50, he didn’t see a suitable re-entry opportunity. In his view, Hyperliquid still holds a leading position due to its liquidity, branding, and tokenomics, but as competitors increase, its risk-reward profile has shifted. Wu Blockchain reminder: Arthur Hayes’ market predictions historically have low accuracy and his views often change. It’s recommended to focus on his analytical framework rather than specific price or timing predictions. Source: BitcoinNews