Perps Boom Fuels Hyperliquid’s Dominance

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Decentralized perpetuals are exploding — $1 trillion traded in the first 23 days of October, per DeFiLlama.

Hyperliquid leads with $317.6B volume, ahead of Lighter, Aster, and edgeX.
With perps offering 24/7 leverage and no expiry, the platform’s growth is fueling the corporate HYPE race.