Hyperliquid Dominates as Traders Move On-Chain

[johnblockbuster]

Layer-1 blockchain Hyperliquid led October’s perpetual DEX activity with $299 billion in volume. Ethereum-based Lighter and Binance-linked Aster followed with $265.4 billion and $259.9 billion, respectively. Analysts say traders are increasingly favoring DEXs over centralized exchanges for transparency, lower fees, and direct custody of assets.

[kelson10]

On-chain derivatives finally taking serious market share — huge shift coming.

[alex10]

Hyperliquid’s liquidity depth is impressive — CEXs should be worried. 🧠