A Major Shift: Is Hyperliquid Losing Its Perp Dominance?

Just months ago, $HYPE sat on top of the decentralized perpetuals market with nearly 70% share.

Today, that dominance has collapsed below 20% a dramatic repricing moment for the sector.

Platforms like @Aster DEXand Lighter are pushing aggressive incentives, pulling traders away and reshaping the leaderboard.

Investors no longer see $HYPE as the unstoppable frontrunner but a heavyweight under pressure.

#PerpDEX traders: Is this a temporary setback or a structural downturn?👇 #Hyperliquid #AsterDEX #TrendingTopic $HYPE

HYPE
HYPEUSDT
29.85
+2.94%