The post Hyperliquid Now Dominates DeFi Derivatives, Processing $30B a Day appeared on BitcoinEthereumNews.com. Data provider RedStone has released a new report on Hyperliquid, the decentralized perpetuals exchange that has quickly become the category leader. In just a year, Hyperliquid has grown to capture more than 80% of the decentralized perps market, with daily trading volumes now topping $30 billion, rivaling some of the largest centralized exchanges, according to the report. RedStone highlighted three structural advantages that underpin Hyperliquid’s surge. The first is its fully on-chain order book that now delivers spreads and execution speeds on par with centralized platforms. Second, HIP-3, Hyperliquid’s new permissionless market creation framework, has created one of the most active builder ecosystems in DeFi, with revenue-sharing economics that pay developers more than the protocol itself. And third, its dual architecture of HyperCore and HyperEVM enables entirely new financial primitives, including tokenized perp positions, delta-neutral strategies, and novel liquidity engineering tools. HyperLiquid volume (DefiLlama) Hyperliquid’s rise is an indication of how a lean, self-funded team can outcompete venture-backed peers by focusing on technical execution and builder-first incentives. By coupling CEX-level performance with permissionless technology, Hyperliquid is positioning itself not just as a trading venue but as a potential backbone for the next phase of on-chain trading. The Hyperliquid network, on which the Hyperliquid DEX is based, currently has around $2.2 billion in total value locked, with the DEX notching $330 billion in cumulative trading volume in the past 30 days, according to DefiLlama. “Hyperliquid is setting a new standard,” the RedStone report notes, arguing that the platform’s dual-layer design and community-driven growth model are creating “unprecedented opportunities for builders and institutions alike.” Source: https://www.coindesk.com/business/2025/08/21/hyperliquid-now-dominates-defi-derivatives-processing-usd30b-a-dayThe post Hyperliquid Now Dominates DeFi Derivatives, Processing $30B a Day appeared on BitcoinEthereumNews.com. Data provider RedStone has released a new report on Hyperliquid, the decentralized perpetuals exchange that has quickly become the category leader. In just a year, Hyperliquid has grown to capture more than 80% of the decentralized perps market, with daily trading volumes now topping $30 billion, rivaling some of the largest centralized exchanges, according to the report. RedStone highlighted three structural advantages that underpin Hyperliquid’s surge. The first is its fully on-chain order book that now delivers spreads and execution speeds on par with centralized platforms. Second, HIP-3, Hyperliquid’s new permissionless market creation framework, has created one of the most active builder ecosystems in DeFi, with revenue-sharing economics that pay developers more than the protocol itself. And third, its dual architecture of HyperCore and HyperEVM enables entirely new financial primitives, including tokenized perp positions, delta-neutral strategies, and novel liquidity engineering tools. HyperLiquid volume (DefiLlama) Hyperliquid’s rise is an indication of how a lean, self-funded team can outcompete venture-backed peers by focusing on technical execution and builder-first incentives. By coupling CEX-level performance with permissionless technology, Hyperliquid is positioning itself not just as a trading venue but as a potential backbone for the next phase of on-chain trading. The Hyperliquid network, on which the Hyperliquid DEX is based, currently has around $2.2 billion in total value locked, with the DEX notching $330 billion in cumulative trading volume in the past 30 days, according to DefiLlama. “Hyperliquid is setting a new standard,” the RedStone report notes, arguing that the platform’s dual-layer design and community-driven growth model are creating “unprecedented opportunities for builders and institutions alike.” Source: https://www.coindesk.com/business/2025/08/21/hyperliquid-now-dominates-defi-derivatives-processing-usd30b-a-day

Hyperliquid Now Dominates DeFi Derivatives, Processing $30B a Day

Data provider RedStone has released a new report on Hyperliquid, the decentralized perpetuals exchange that has quickly become the category leader.

In just a year, Hyperliquid has grown to capture more than 80% of the decentralized perps market, with daily trading volumes now topping $30 billion, rivaling some of the largest centralized exchanges, according to the report.

RedStone highlighted three structural advantages that underpin Hyperliquid’s surge.

The first is its fully on-chain order book that now delivers spreads and execution speeds on par with centralized platforms.

Second, HIP-3, Hyperliquid’s new permissionless market creation framework, has created one of the most active builder ecosystems in DeFi, with revenue-sharing economics that pay developers more than the protocol itself.

And third, its dual architecture of HyperCore and HyperEVM enables entirely new financial primitives, including tokenized perp positions, delta-neutral strategies, and novel liquidity engineering tools.

HyperLiquid volume (DefiLlama)

Hyperliquid’s rise is an indication of how a lean, self-funded team can outcompete venture-backed peers by focusing on technical execution and builder-first incentives. By coupling CEX-level performance with permissionless technology, Hyperliquid is positioning itself not just as a trading venue but as a potential backbone for the next phase of on-chain trading.

The Hyperliquid network, on which the Hyperliquid DEX is based, currently has around $2.2 billion in total value locked, with the DEX notching $330 billion in cumulative trading volume in the past 30 days, according to DefiLlama.

“Hyperliquid is setting a new standard,” the RedStone report notes, arguing that the platform’s dual-layer design and community-driven growth model are creating “unprecedented opportunities for builders and institutions alike.”

Source: https://www.coindesk.com/business/2025/08/21/hyperliquid-now-dominates-defi-derivatives-processing-usd30b-a-day

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