Arthur Hayes Strikes Again: Buys SYN, Pushes Hypercall as a Decentralized Options Exchange Challenging Deribit

News Editor

2026-06-29 08:01:51

BitMEX co-founder Arthur Hayes has purchased SYN tokens and publicly promoted Hypercall, a decentralized options exchange built on the Synapse ecosystem and Hyperliquid chain. Hayes claims Hypercall will challenge Deribit's dominance. Hypercall features permissionless trading, no liquidation, and 24/7 availability, but remains in alpha with far inferior liquidity and asset coverage compared to Deribit. Analysts see Hypercall as a potential DeFi-native options supplement but unlikely to dethrone Deribit in the near term.

Arthur HayesSYNHypercallDeribitdecentralized optionsDeFiHyperliquid

Arthur Hayes Strikes Again: Buys SYN, Pushes Hypercall

According to MarsBit, BitMEX co-founder Arthur Hayes, known for his market-moving calls, has once again made a move. He purchased SYN tokens and publicly endorsed Hypercall, a decentralized options exchange built on the Synapse ecosystem and running on the Hyperliquid chain. Hayes claims Hypercall will challenge Deribit's dominance in the options market.

Hypercall: A DeFi Native Options Supplement or Just Hype?

Hypercall offers features like permissionless trading, no liquidation risk, and 24/7 availability. However, it is still in the alpha stage, with liquidity and asset coverage far below those of Deribit. The analysis suggests that while Hypercall could serve as a supplement for DeFi-native options, it is unlikely to pose a serious threat to Deribit in the short term.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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