Hyperliquid Dominates Perpetual DEX Market with $1.2 Billion Annual Profit

Hyperliquid has cemented its position as the leader in the perpetual DEX market, boasting a remarkable annual profit of $1.2 billion. The exchange’s robust trading activity and high liquidity levels have outstripped competitors Aster and Lighter, highlighting its strong market presence. 24-hour open interest on Hyperliquid has surged to three times that of Aster and five times that of Lighter, indicating a significant level of active trading. 50% more buybacks from the secondary markets compared to other DEXs further highlights their success.