Knowledge supplier RedStone has launched a brand new report on Hyperliquid, the decentralized perpetuals alternate that has rapidly change into the class chief.
In only a yr, Hyperliquid has grown to seize greater than 80% of the decentralized perps market, with each day buying and selling volumes now topping $30 billion, rivaling among the largest centralized exchanges, in line with the report.
RedStone highlighted three structural benefits that underpin Hyperliquid’s surge.
The primary is its totally on-chain order e-book that now delivers spreads and execution speeds on par with centralized platforms.
Second, HIP-3, Hyperliquid’s new permissionless market creation framework, has created one of the energetic builder ecosystems in DeFi, with revenue-sharing economics that pay builders greater than the protocol itself.
And third, its twin structure of HyperCore and HyperEVM permits solely new monetary primitives, together with tokenized perp positions, delta-neutral methods, and novel liquidity engineering instruments.
Hyperliquid’s rise is a sign of how a lean, self-funded staff can outcompete venture-backed friends by specializing in technical execution and builder-first incentives. By coupling CEX-level efficiency with permissionless know-how, Hyperliquid is positioning itself not simply as a buying and selling venue however as a possible spine for the following section of on-chain buying and selling.
The Hyperliquid community, on which the Hyperliquid DEX is predicated, at present has round $2.2 billion in complete worth locked, with the DEX notching $330 billion in cumulative buying and selling quantity previously 30 days, in line with DefiLlama.
“Hyperliquid is setting a brand new customary,” the RedStone report notes, arguing that the platform’s dual-layer design and community-driven progress mannequin are creating “unprecedented alternatives for builders and establishments alike.”
