CF
Capital Flows argues Hyperliquid's real value lies not in ETF flows but in attracting massive institutional capital seeking cheap leverage on interest rate and FX markets—the largest markets in the world. If funding rates on Hyperliquid become competitive enough, it captures Eurodollar market demand to hedge dollar surplus, positioning the platform as a TradFi-crypto bridge that could drive $HYPE to $350 this year. Capital Flows holds $PURR, the only Hyperliquid treasury company with positive P&L, as the direct beneficiary of this thesis.