Hyperliquid News Today: DeFi Perpetuals Reach $1.24 Trillion While Hyperliquid, Aster, and Solana Compete for Leadership in Trading
- DeFi perpetual contracts hit $1.241T in 30-day volume (Oct 2025), driven by Hyperliquid (60% DEX share), Aster, and Solana's Percolator. - Hyperliquid dominates with $319B July volume, 35% blockchain revenue, and aggressive HYPE token buybacks absorbing 5.64% circulating supply. - Solana counters with Percolator DEX to challenge Hyperliquid, while Aster maintains $145B monthly volume despite user poaching concerns. - Market resilience seen after $20B liquidation event; DeFi perps open interest hits $16.8
The decentralized finance (DeFi) landscape is undergoing major changes as perpetual trading volumes climb to unprecedented highs, with Hyperliquid,
Hyperliquid has solidified its position as a major force, generating 35% of blockchain revenue in July 2025 and holding a 60% share of the perpetual DEX market. Its trading volume for July hit $319 billion, far surpassing Aster’s $145 billion in the same timeframe, based on a
Solana has responded to Hyperliquid’s rise with the introduction of Percolator, a perpetual DEX built on a sharded protocol to boost trading performance on the
Market volatility has further fueled the appetite for perpetual contracts. In October 2025, open interest in DeFi perpetuals climbed to $16.84 billion, with Hyperliquid responsible for $7.5 billion of that total. Even after a $20 billion liquidation on October 11, trading volumes quickly recovered to new highs, showing the sector’s durability. While centralized exchanges like Binance still lead with $70.2 billion in 24-hour perpetual volume, decentralized platforms are rapidly narrowing the gap.
Experts predict that DeFi perpetuals could reach $1.3 trillion in volume by the end of the year, driven by ongoing speculation and technological progress. For investors, the competition among Hyperliquid, Aster, and Solana’s Percolator marks a crucial phase in the development of crypto derivatives. As VanEck’s Matthew Sigel points out, the migration to decentralized platforms signals a growing preference for transparency and efficiency, with HYPE and
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Leaked Documents or Genuine Breakthrough? BlockDAG's $430 Million Presale Surpasses Expectations
- BlockDAG (BDAG) gains traction as leaked documents suggest Coinbase and Kraken plan to list the crypto project, sparking market speculation. - The project's $430M presale, 312,000 holders, and 15,000 TPS capacity via DAG architecture position it as a potential 2025 breakout. - Marketing budgets, liquidity deposits, and social media hype from influencers amplify demand, creating self-fulfilling listing pressure. - While risks persist due to unverified leaks and crypto volatility, tangible metrics like tes

Mobileye Achieves 99.6% Fewer Losses Despite Only Slight Increase in Revenue
- Mobileye reported $18M Q3 2025 revenue growth but $109M operating loss, down from $2.8B last year, with $243M gross profit from cost cuts. - U.S., China, and Germany contributed $111M, $118M, and $77M respectively, highlighting Mobileye's global revenue dependence. - WuXi AppTec raised full-year guidance to 17-18% growth with RMB59.9B backlog, while Avidity/Yuanbao face 46-181 day lock-ups to stabilize post-IPO markets.

Bitcoin Updates: Cryptocurrency Markets Surge Following US-China Trade Agreement, Reducing Global Tensions
- U.S.-China trade pact avoids 100% tariffs on Chinese goods and delays rare earth export restrictions, triggering global market rebounds including $3.88T crypto cap. - Bitcoin surged to $113,600 while derivatives data showed $319M short liquidations, reflecting renewed bullish sentiment amid reduced trade-war fears. - Bitcoin ETFs saw $20.33M inflows vs. Ethereum's $127.47M outflows, highlighting macro-driven capital rotation toward BTC as geopolitical hedge. - Oil prices rose above $62/barrel as trade te

Trump and Xi are set to finalize the TikTok agreement on Thursday, according to the treasury secretary