CZ: Hyperliquid's innovation is outstanding, and Binance finds it hard to compete in its niche market

Binance founder CZ commented on Hyperliquid in the Galaxy Brains podcast, saying, "I think Hyperliquid's innovation is actually awesome." CZ stated that Hyperliquid occupies a niche market that Binance finds difficult to compete in, as it does not require KYC and claims to be a decentralized platform. However, CZ also mentioned that based on his past experiences, he would not adopt Hyperliquid's current operational model, stating, "I guess they have a good legal team."