🚨 #Hyperliquid just made a statement.

Open interest on $XPL is now larger than #Binance and #Aster combined — beating them by $250M+.

This isn’t noise. It’s a signal.

For years, Binance was the gravitational pull for derivatives. Now liquidity is fragmenting.

Traders are moving toward platforms that can offer:

• Deeper order books

• Competitive leverage

• Faster execution

And #Hyperliquid is quietly becoming that venue.

If it keeps winning flagship pairs like $XPL, Hyperliquid shifts from “challenger” to new epicenter.

The lesson: liquidity follows trust and efficiency — not brand.

The exchange map is being redrawn in real time.