Svmuu, Kyle Samani, former co-founder of Multicoin Capital, criticized Hyperliquid on X, stating: "Hyperliquid is essentially just a Binance 2.0 without a marketing team. It has made thousands of architectural design decisions that are only suitable for centralized environments but completely unsuitable for permissionless, decentralized environments. Now, they are already many steps behind on this path. Furthermore, no real US company will cooperate with them in the future."