Cathie Wood, CEO of ARK Invest, has drawn attention to the decentralized exchange Hyperliquid, likening its potential to that of Solana during its early stages. In a recent interview on the Master Investor podcast, Wood emphasized that Hyperliquid could follow a trajectory similar to Solana’s rise, transforming from a newcomer into a major player in the crypto market.
Despite the enthusiasm for emerging projects, ARK Invest continues to maintain three core holdings across its public funds: Bitcoin, Ethereum, and Solana. According to Wood, Bitcoin remains the foundation of the firm’s crypto thesis, even as altcoins gain traction.
Wood also noted that ARK interacts with the Solana ecosystem via Breera Sports, a treasury-linked initiative supported by Middle Eastern investors. The firm additionally consults with economist Art Laffer on related strategies.
Although ARK has not yet taken an official position on Hyperliquid, Wood stressed that the protocol is worth monitoring. Her comments come amid increasing competition among decentralized exchanges offering perpetual futures, with platforms like Aster recently taking the lead. According to DeFiLlama, Aster’s daily trading volume of perpetual futures reached $25.77 billion, surpassing Hyperliquid.
Looking ahead, Wood believes the crypto market will eventually focus on a limited number of major networks. She emphasized Bitcoin’s role as a “pure” cryptocurrency with a fixed supply and resilient monetary system, while Ethereum continues to serve as a central component of DeFi infrastructure. ARK also holds derivatives including Uniswap tokens and Solana-based assets, but the firm prioritizes its three largest cryptocurrencies as guiding benchmarks for the industry.
In conclusion, while emerging altcoins like Hyperliquid attract attention, ARK Invest’s strategy remains anchored in established leaders, ensuring a balance between innovation and long-term stability in digital assets.
