Ranking of decentralized exchange contracts, HYPE ranks first, with the largest market share, which can be understood as the leader in DEX derivatives.

Although from an investment research perspective, DYDX is better than HYPE in various aspects, one crucial factor is the ability to generate revenue. HYPE has the strongest revenue generation capability, and a portion of the project's profits will be used to buy back HYPE tokens. As long as its trading volume can be sustained and its income stabilized, HYPE will continue to rise, though not indefinitely; at least its growth will be relatively consistent.

Just now, a member in the Binance group shared a chart of the ETH contract (he said he saw it somewhere and posted it in the group, and I forwarded it), when I have time, I will also study how to query HYPE's trading orders.