DeFi· ★★★· bearish·

Hyperliquid loses RWA perpetual market share as CEXs take over

  • —Hyperliquid's RWA perpetual share fell from 80% in July to 26%
  • —CEXs hold 64% of the market, with Binance at 30% and OKX at 14%
  • —Weekly RWA perpetual volume doubled to $40–60 billion from about $20 billion
  • —Hyperliquid's 30-day total perpetual volume stands at $208.07 billion
Why it matters: CEXs are eroding Hyperliquid's edge in 24/7 trading of traditional assets, weighing on demand for HYPE.
#HYPE
Source: FXStreet Crypto
More on this
Markets · Oct 7
Hyperliquid Hits Record 11.9% Share of Global Perpetual Futures Open Interest
 DeFi · Oct 2
Hyperliquid takes HYPE multichain with Solana, Base, and Unichain via Wormhole
 DeFi · Oct 12
Hyperliquid tops perpetual futures DEX volume with $48.1B over 7 days