ARK Invest CEO Cathie Wood has likened Hyperliquid to Solana's early days, describing it as "the new kid on the block" with significant potential. In a recent podcast, Wood noted that while ARK Invest holds Bitcoin, Ethereum, and Solana, Hyperliquid is a protocol to watch, though no position has been confirmed. Her comments come amid rising competition among perpetual futures DEXs, with Aster recently surpassing Hyperliquid in trading volume. Wood emphasized Bitcoin's central role in the cryptocurrency space, asserting its dominance due to its fixed supply and resilience. Despite the proliferation of tokens, she believes the future will be dominated by a few key networks, with Bitcoin at the core of ARK's strategy. While Ethereum supports DeFi, Bitcoin is seen as a foundational monetary system, with stablecoins also gaining importance. Decentralized exchanges are gaining traction among retail and semi-professional traders, driven by incentives and improved performance. However, institutions still prefer centralized exchanges for their compliance and fiat access, though the gap in performance is narrowing.