Zhu Su, co-founder of defunct crypto hedge fund Three Arrows Capital (3AC) and founder of crypto exchange OPNX, recently praised decentralized perpetual futures exchange Hyperliquid (HYPE) for its potential to challenge the dominance of centralized exchanges (CEXs). In a tweet, Su said that HYPE is a "successful platform" that could potentially "challenge the dominance of CEXs." He also highlighted the fact that there have been successful P2P trading platforms in the past, but they often have less incentives for token holders. If Hyperliquid continues to iterate and develop, it could potentially become a major competitor to mainstream CEXs. The platform already has a first-mover advantage over other decentralized futures exchanges, and it is backed by a team of experienced developers. In addition to HYPE, Su also mentioned Solana (SOL) and its token issuance platform Pump.fun as two other projects that have the potential to disrupt the crypto market. He said that Pump.fun has attracted flows from outside the crypto market, and it's not surprising that it has become a profitable platform. It remains to be seen whether HYPE and Pump.fun will be able to live up to their potential and challenge the dominance of CEXs. However, the fact that they are being praised by a respected figure in the crypto industry is a sign that they are worth keeping an eye on. ```