ARK Invest CEO Cathie Wood has called the HYPE token the “next Solana.” This is especially evident in its dominance in the DEX space. Notably, the perp DEX trading volumes crossed the $2 trillion milestone in this quarter. In a recent interview, Cathie Wood drew parallels between Hyperliquid and Solana’s early breakout years. She noted how fast Solana moved from a standard blockchain system to a major player in the industry.