Binance CZ Says He’d Build Privacy-First Perpetual DEX & Predicts DEX Volume Could Surpass CEX, Amid Rise Of Hyperliquid

At the BNBDay event in Tokyo, Binance co-founder Changpeng Zhao outlined what he would create if he were 20 years younger and urged developers to keep building. He said he would make a simple AI trading agent and a privacy-first perpetual decentralised exchange.

He also told the crowd that he holds a large stake in BNB and that he thinks decentralised exchange trading could one day beat centralised platforms.

His comments touched on real-world assets, Japan’s strengths in Web3, and the need for clearer rules and liquidity to grow tokenised securities.

“I hope to see a dedicated BNB Chain team here. Japan is ideal for technological development and has a great business culture. I hope to see more AI + robotics projects emerge on the BNB Chain, “ he said.

CZ on his role and BNB holdings

Zhao described his role with the BNB Chain as light. He said he mostly tweets and cheers people on to build. 

He joked that he acts as a kind of cheerleader and also made a clear point about his own exposure. “I hold a significant amount of $BNB. A considerable portion of my wealth is tied to it,” he stated.

Plans he would pursue if younger

Zhao said that if he had two more decades, he would focus on two projects. One would be an AI tool to carry out simple trades. The other would be a sustainable DEX that protects user privacy. 

He added that he believed DEX volumes could someday overtake centralised exchange volumes and that DeFi still has room to grow, and called for more builders to join the field.

Views on real-world assets

On tokenised securities, treasuries and commodities, Zhao said the opportunity is large. He also warned of hurdles, as he pointed to regulation, KYC rules and thin liquidity as problems that need work. 

He said the BNB Chain is investing to support builders in this space, and he believes RWA is only at the start and that it has strong potential over time.

Also Read: Hyperliquid Sets Record $4.9B Open Interest Amid Derivatives Boom

Thoughts on Japan and local teams

Zhao praised Japan’s early legal steps on crypto and its developer base. He said Japan has clear laws and a culture that can accept new tech.

He said he hopes to see a dedicated BNB Chain team in Japan. He also voiced hope for more projects that pair AI with robotics on the chain.

On digital asset treasuries

Zhao gave a simple view of treasury companies that hold crypto. He said single-asset treasuries are the easiest to run. Basket-based strategies need strong management to work well. He said public treasuries can help more people access crypto through markets if they are run with care.

Zhao listed a few places where the next breakthroughs might appear. He mentioned AI working with blockchain, tokenised real-world assets, and stablecoins, and he also noted that many countries are now paying attention to stablecoin rules.

Hyperliquid milestone and safety concerns

In related news, the decentralised exchange Hyperliquid has reported total trading volume above $1 trillion. The mark shows the scale some DEXs can now reach. 

At the same time, Bitget CEO Gracy Chen warned about risk controls at Hyperliquid. She flagged problems after recent trades and questioned how the platform handled liquidations of certain token positions. Her post on X(Twitter) drew attention to risk management and transparency.

Many traders are also starting to move funds from centralised exchanges such as Binance, OKX, and Coinbase to platforms like Hyperliquid. The shift is driven by the appeal of privacy features and direct control over assets that DEXs provide.

As a result, centralised platforms are seeing a decline in spot and derivatives volumes, while decentralised options continue to gain ground among both retail and professional traders.

What this means for builders and markets

The scene shows both promise and risk, as big trading numbers show that users will move to decentralised tools. Yet experts and rivals raise alarms when controls fail. 

Zhao’s call to build simple, private and sustainable tools points to where he thinks effort should go next.

Also Read: Hyperliquid Debuts On-Chain Voting System for Asset Delisting with MYRO Perp Contract as First Proposal, MYRO Plummets 7%