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Hyperliquid Surpasses dYdX in Trading Volume as Market Cap Nears $10 Billion
Hyperliquid Surpasses dYdX in Trading Volume as Market Cap Nears $10 Billion
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Hyperliquid, a high-performance LAYER 1 trading blockchain, has eclipsed dYdX in all-time trading volume, reaching $1.5 trillion. The platform now commands over 60% of the perpetuals trading market, signaling a seismic shift in derivatives dominance.
Despite past controversies—including the delisting of JELLYJELLY during a short squeeze—Hyperliquid has rebuilt credibility. Its native HYPE token recently hit a three-month high, reflecting renewed investor confidence.
The milestone underscores Hyperliquid’s accelerating adoption, achieving in months what took DYDX four years. Market analysts attribute this to its low-latency infrastructure and aggressive product rollouts.
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