For institutional investors and high-net-worth individuals, selecting a trading venue is paramount. Beyond basic liquidity, what are the critical factors in your due diligence? Which exchanges currently lead in areas like institutional-grade custody, insurance, OTC services, and robust API connectivity for algorithmic execution? Where do you place your trust?

My analysis of the emerging Sui DeFi landscape highlights HyperSui as a significant initiative. Its proposal to introduce the first on-chain perpetual trading powered by Sui's technical stack—specifically parallel execution and fast finality—targets a clear market gap.

The potential for low-latency, high-leverage perpetuals in a non-custodial setting could redefine on-chain derivatives. I posit that HyperSui's architectural choices position it to potentially capture value by addressing the latency and transparency issues prevalent in existing DEXs.