Arthur Hayes said on June 29 that he remains bullish on the Hyperliquid ecosystem but is looking for a more asymmetric opportunity within it, identifying Hypercall (SYN) as an options DEX he believes could challenge Deribit. On-chain data cited by Onchain Lens and PANews showed an address linked to Hayes bought 6.16 million SYN tokens through FlowDesk for about $2.2 million before that post on X. The combination of the linked wallet purchase and Hayes's public comments drew attention to SYN and Hypercall in the competitive crypto options market.