Cathie Wood Compares Hyperliquid to ‘Early Solana’

Meanwhile, the exchange launched the Hypurr NFT collection.

Hyperliquid is reminiscent of Solana in its formative years, which later proved its worth and became a leading blockchain project. This comparison was drawn by ARK Invest CEO Cathie Wood during the Master Investor podcast.

She did not confirm whether the investment firm holds positions in the native token of the decentralized exchange — HYPE. Nevertheless, Wood believes the platform deserves attention, especially amid intensified competition with the new Aster platform in the BNB Chain ecosystem.

The CEO of Ark Invest also noted that the future of the crypto industry will be determined by a limited number of dominant networks, despite the growing diversity of tokens.

“Bitcoin occupies the main space as a pure cryptocurrency,” she stated, adding that digital gold remains the core of the firm’s long-term strategy.

Wood maintains her forecast that Bitcoin’s price could exceed $1 million by 2030.

Hyperliquid’s NFT Collection

On September 28, the organization behind Hyperliquid, Hyper Foundation, announced the launch of an NFT collection on the HyperEVM network called Hypurr.

Hypurr NFTs have been deployed on the HyperEVM.

Participants had the opportunity to opt in to receive a Hypurr NFT after the HyperEVM went live as part of the Genesis Event in November 2024. The HyperEVM launched in February 2025 as the general programmability interface to the…

— Hyper Foundation (@HyperFND) September 28, 2025

The collection includes 4,600 tokens. Of these, 4,313 were distributed by the team among early users of the DEX.

At the time of writing, the base price of one NFT is 1,596 HYPE (~$74,900 at the current rate). Since its launch, the trading volume has exceeded 1.2 million HYPE (~$56 million).

“The goal of the Hypurr NFT collection is to provide souvenirs to those who believed in Hyperliquid at an early stage and contributed to its growth. Each token is unique and reflects the sentiments, hobbies, tastes, and values of our community,” noted Hyper Foundation.

The official documentation emphasizes that the new assets have no practical utility.

Issues in the Ecosystem

The Hyperdrive lending protocol, built on Hyperliquid, suffered a hacker attack. As a result, the project lost $782,000, according to CertiK analysts.

#CertiKInsight 🚨

We have seen an exploit on @hyperdrivedefi, the attacker repeatedly exploited an arbitrary call in the router to take users’ funds of 672,934 USDT0 and 110,244 thBILL, ~$782K in total.https://t.co/KEl4qLqlyV

Stay Vigilant! pic.twitter.com/opCSZel77G

— CertiK Alert (@CertiKAlert) September 28, 2025

The attacker withdrew funds from two pools — Primary USDT0 Market and Treasury USDT Market. The total amount stolen was approximately $637,000 in stablecoin USDT0 and 110,244 thBILL. Later, the assets were converted into BNB and Ethereum.

The team immediately suspended the protocol to prevent further damage. According to the latest update, developers have fixed the issue in the vulnerable smart contract.

“The results indicate that this was a sophisticated attack carried out by a known perpetrator linked to high-profile attacks on other protocols. The investigation is ongoing, and further information will be disclosed soon,” they added.

Hyperdrive stated that all affected users have been fully compensated.

Following a vote by Hyperliquid validators, the first stablecoin USDH appeared on the HyperEVM network. On September 24, the platform opened trading for the stablecoin paired with USDC.