Hyperliquid Leads On-Chain Perpetual DEX Boom Amidst Market Volatility

The recent market turbulence, characterized by high volatility, has sparked a surge in on-chain perpetual DEX liquidity providers. The increase in demand for these trading platforms has been particularly significant at Hyperliquid and other similar platforms. Driven by increased risk appetite and the search for substantial returns, this renewed interest in leveraged trading is contributing to the growth of Hyperliquid’s TVL, which has recently exceeded $300 million.