HYPERLIQUID FUD VS REALITY LET THE DATA SPEAK
There’s been a lot of noise around Hyperliquid lately, and $HYPE price action hasn’t helped sentiment. But narratives fade data doesn’t.
So let’s compare the top 4 Perps DEXs using the only metrics that actually matter: fees, open interest, and real volume.
Fees (Last 30 Days)
• Hyperliquid: $88.6M
• Edge X: $61M
• Aster: $48M
• Lighter: $19.4M
Open Interest
• Hyperliquid: $7.73B
• Aster: $2.6B
• Lighter: $1.8B
• Edge X: $820M
Perps Volume (30 Days)
• Lighter: $279B
• Aster: $235B
• Hyperliquid: $226.8B
• Edge X: $160B
The Key Takeaway
When you combine fees + OI + real volume, it’s not even close.
Hyperliquid is the clear leader in organic activity.
High fees + dominant OI + competitive volume = real traders, real positions, real liquidity.
Lighter deserves credit solid numbers and consistency.
Aster and Edge X? Their volumes don’t line up with fees or OI, which strongly suggests wash trading–driven inflation rather than genuine demand.
Bottom line: Ignore the FUD. Follow the metrics.
Capital flows where execution, liquidity, and trust already exist and right now, Hyperliquid is still setting the standard.
#Hyperliquid #AsterDEX #BinanceBlockchainWeek #asterNetwork #USJobsData #CPIWatch