Hyperliquid Dominates DeFi Perpetuals with $400B Volume

Hyperliquid Dominates DeFi Perpetuals with $400B Volume
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Hyperliquid has emerged as a dominant force in decentralized perpetual trading, capturing 70% market share with $400 billion in August volume. The platform’s proprietary HyperEVM blockchain offers zero gas fees and CEX-like performance while maintaining DeFi transparency. Despite token volatility, institutional adoption grows with a Swiss ETP listing and bullish projections from industry veterans.

  • Processed $400 billion in perpetual trading volume and generated $106 million revenue in August 2024
  • HyperEVM blockchain enables zero gas fees with centralized exchange performance and DeFi transparency
  • 21Shares launched Hyperliquid ETP on SIX Swiss Exchange signaling growing institutional adoption
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