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Hyperliquid Leads Perp DEX Market

Despite recent FUD, Hyperliquid is pulling ahead. CryptoRank data shows it holds 7x more open interest than Lighter, signaling where real capital is sitting.

Even more telling is the lower turnover, pointing to organic usage and traders holding positions rather than short-term churn.

While narratives shift, the data is clear: Hyperliquid is quietly strengthening its dominance in perp DEXs.