比特财经阿杰
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The Hyperliquid throne is under challenge! How three emerging Perp DEXs are carving up the trillion-dollar derivatives market
The Hyperliquid throne is under challenge! How three emerging Perp DEXs are carving up the trillion-dollar derivatives market
The trading volume of decentralized perpetual contracts reached a historic high of 62.3 billion USD in August 2025, and this once-niche battlefield is becoming a new focus of capital pursuit.
"On the first day of Aster's launch, the trading volume exceeded 345 million USD, and the token price surged 1650% in a single day." This news spread like lightning through the cryptocurrency community in September 2025, even drawing a public thumbs-up from Binance founder CZ.
Under the absolute dominance of Hyperliquid with a 78% market share, three challengers are breaking through through entirely different paths.
The trading volume of decentralized perpetual contracts reached a historic high of 62.3 billion USD in August 2025, and this once-niche battlefield is becoming a new focus of capital pursuit.
"On the first day of Aster's launch, the trading volume exceeded 345 million USD, and the token price surged 1650% in a single day." This news spread like lightning through the cryptocurrency community in September 2025, even drawing a public thumbs-up from Binance founder CZ.
Under the absolute dominance of Hyperliquid with a 78% market share, three challengers are breaking through through entirely different paths.
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