Hyperliquid Dominates Perpetual DEX Market with $1.2B Annual Profit
Hyperliquid has solidified its leadership in the decentralized perpetual trading arena, reporting $1.2 billion in annual profits. The platform's trading volume and liquidity levels far outpace competitors like Aster and Lighter, underscoring its market dominance.
As of October 2025, Hyperliquid has allocated $645 million to repurchase its native HYPE tokens from secondary markets. Data reveals a staggering $12.9 billion in daily trading volume and $9.76 billion in open positions, signaling robust platform activity.
Aster and Lighter trail significantly, with $3.2 billion and $1.8 billion in open contracts respectively. Hyperliquid's 24-hour open interest now triples Aster's and quintuples Lighter's, demonstrating unparalleled user engagement.
