Hyperliquid maintains its leading position in the perpetual DEX landscape despite a recent shakeup from competitors like Aster and Lighter. Analyst Patrick Scott highlights this resilience based on key metrics such as open interest, which remains firmly at 62%, signifying enduring user engagement. While new entrants boast explosive growth with high-volume promotions, Hyperliquid’s dominance in trading activity and liquidity persists. This suggests users are drawn to the platform despite short-term market fluctuations driven by aggressive incentive campaigns from rivals like Aster. Scott points out that while Aster saw a staggering increase in trading volume, likely fuelled by a temporary marketing push, Hyperliquid’s open interest remains resilient, highlighting its long-standing user base and consistent liquidity. 62% market share is indicative of enduring confidence in the platform.