CoinShares researcher notes family offices are bullish on Solana but still warming up to Hyperliquid

Family offices have developed a clear fondness for Solana. Hyperliquid is a different story: the interest is there, but it is still more curiosity than conviction.

That is the broad takeaway from CoinShares researcher observations published in July 2026, which place both Solana and Hyperliquid at the center of one of crypto’s fastest-growing sectors: prediction markets.

A market that grew tenfold in nine months

Combined monthly notional volume across major platforms climbed from $4.5B in September 2025 to $43.7B in June 2026, according to CoinShares’ July 16 report.

Solana’s protocols generated roughly $1.4M in monthly revenue from April through June 2026. Applications like Phantom and Jupiter serve as on-ramps, routing users between networks and giving Solana a distribution advantage that newer chains have to work harder to replicate.

Hyperliquid launched its HIP-4 outcome markets on May 2, 2026. Within the first nine weeks, those markets recorded $331.1M in cumulative notional volume.

Where family offices actually stand

Family offices are taking positions in Hyperliquid carefully, primarily through equity stakes in treasury vehicles linked to Hyperliquid rather than direct token holdings.

CoinShares has also made it easier for institutions to access both assets without navigating self-custody, offering ETP products that provide exposure to both SOL and HYPE.

What prediction markets have to do with any of this

Hyperliquid, which already operates a high-performance on-chain order book for perpetual futures, extended that same architecture into outcome markets with HIP-4.

The CoinShares report positions both networks as indirect beneficiaries of prediction market growth rather than the prediction markets themselves, suggesting the investment case is structural, tied to sustained platform activity and protocol revenue, rather than dependent on any single event cycle driving a temporary volume spike.