According to @ThinkingUSD, Hyperliquid has reached a new all-time-high market share, as posted on August 10, 2025. Source: https://twitter.com/ThinkingUSD/status/1954577058794819589 The post shares an image indicating the record market share milestone for Hyperliquid. Source: https://twitter.com/ThinkingUSD/status/1954577058794819589 For trading execution, participants monitoring this update may reassess venue selection by verifying current order book depth, spreads, and funding on Hyperliquid against alternatives before routing size. Source: https://twitter.com/ThinkingUSD/status/1954577058794819589

According to BitMEX Research, tokenised and traditional markets will gradually converge until their differences are indistinguishable, as stated in a post on Aug 9, 2025 (source: BitMEX Research). For trading, this thesis signals that price gaps between tokenised real-world assets and legacy instruments could narrow across venues, focusing attention on liquidity alignment, spread compression, and settlement standardization over time (source: BitMEX Research). The post provides no quantitative metrics or timeline, so traders should treat this as a directional market-structure view rather than an immediate execution signal (source: BitMEX Research).