How is Hyperliquid Leading the Crypto Market?
Hyperliquid is emerging as a leader within the decentralized derivatives market, having established dominance in terms of trading volume, open interest, and total value locked (TVL). Recent statistics indicate that the platform reached an impressive $7 billion in trading volume over a 24-hour period, with open interest approaching $8.79 billion and a TVL of about $4.17 billion. This puts Hyperliquid significantly ahead of competitors like Aster and dYdX, indicating a shift in trader preferences towards decentralized solutions.
Its robust ecosystem has attracted a large user base and increased on-chain activity. As traders increasingly migrate from centralized platforms, Hyperliquid’s efficiency and liquidity have cemented its position…
