Why $HYPE still leads the perp DEX race

Hyperliquid is still the liquidity magnet, holding about $7.89B in 24-hour volume and $7.75B in open interest even after a small cooldown from yesterday’s near two-month high. The broader perp DEX board is active, but the flow looks like rotation, not euphoria — the kind of tape where whales keep probing size while the market searches for the next clean liquidity pocket.

Not financial advice. Manage your risk and protect your capital.

#Crypto #DeFi #Hyperliquid #PerpDEX

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HYPERUSDT

Perp

0.12208

-0.12%