Trader Ansem: User growth in Hyperliquid's next phase is crucial.

Trader Ansem said he remains bullish on Hyperliquid's long-term outlook but flagged that its next phase of user growth is critical, noting current momentum is largely driven by trade.xyz while crypto trading activity has slowed and the existing trader base has not expanded meaningfully. He wants Hyperliquid to reach a much broader audience, similar to how Robinhood attracted millions of new retail customers during its growth phase, and suggested partnerships with regulated front-end platforms such as Kraken could help achieve that. Ansem argued the bigger opportunity lies in Hyperliquid becoming the underlying liquidity infrastructure for numerous financial platforms, saying he is focused more on the network's growth potential over the coming years than on its current revenue.