Goldman Sachs Is Making HYPE an Institutional Story Earlier this year, when PURR CEO David first pitched Hyperliquid to Goldman Sachs, the reaction was reportedly: “Are you crazy? What even is Hyperliquid?” Months later, Goldman published research on Hyperliquid and hosted around 20 investors, including Point72 and Citadel. That shift matters for hyperliquid:native. Institutional interest is no longer simply about buying HYPE as a crypto asset. The focus is moving toward understanding the Hyperliquid platform itself: • How its on-chain perps market works • Why traders are moving volume on-chain • Whether Hyperliquid can compete with traditional exchanges • How institutions can directly access and use the ecosystem This creates a much bigger potential narrative for HYPE. If institutions start viewing Hyperliquid as financial infrastructure rather than just another crypto protocol, HYPE becomes exposure to the growth of that entire ecosystem.