Hyperliquid News Today: DeFi Perpetuals Reach $1.24 Trillion While Hyperliquid, Aster, and Solana Compete for Leadership in Trading
- DeFi perpetual contracts hit $1.241T in 30-day volume (Oct 2025), driven by Hyperliquid (60% DEX share), Aster, and Solana's Percolator. - Hyperliquid dominates with $319B July volume, 35% blockchain revenue, and aggressive HYPE token buybacks absorbing 5.64% circulating supply. - Solana counters with Percolator DEX to challenge Hyperliquid, while Aster maintains $145B monthly volume despite user poaching concerns. - Market resilience seen after $20B liquidation event; DeFi perps open interest hits $16.8
The decentralized finance (DeFi) landscape is undergoing major changes as perpetual trading volumes climb to unprecedented highs, with Hyperliquid,
Hyperliquid has solidified its position as a major force, generating 35% of blockchain revenue in July 2025 and holding a 60% share of the perpetual DEX market. Its trading volume for July hit $319 billion, far surpassing Aster’s $145 billion in the same timeframe, based on a
Solana has responded to Hyperliquid’s rise with the introduction of Percolator, a perpetual DEX built on a sharded protocol to boost trading performance on the
Market volatility has further fueled the appetite for perpetual contracts. In October 2025, open interest in DeFi perpetuals climbed to $16.84 billion, with Hyperliquid responsible for $7.5 billion of that total. Even after a $20 billion liquidation on October 11, trading volumes quickly recovered to new highs, showing the sector’s durability. While centralized exchanges like Binance still lead with $70.2 billion in 24-hour perpetual volume, decentralized platforms are rapidly narrowing the gap.
Experts predict that DeFi perpetuals could reach $1.3 trillion in volume by the end of the year, driven by ongoing speculation and technological progress. For investors, the competition among Hyperliquid, Aster, and Solana’s Percolator marks a crucial phase in the development of crypto derivatives. As VanEck’s Matthew Sigel points out, the migration to decentralized platforms signals a growing preference for transparency and efficiency, with HYPE and
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Update: Altcoin ETF Boom Signals Expanding Institutional Adoption of Crypto
- Four U.S. altcoin ETFs (Solana, Litecoin, Hedera) launch this week, signaling institutional confidence post-Bitcoin/Ethereum ETF success. - Bitwise/Grayscale lead with staking-focused Solana ETFs, while Canary Capital secures Litecoin/Hedera approvals under SEC's streamlined rules. - Regulatory shifts enable 150+ altcoin ETF applications in 2025, with Solana's $111B market cap driving price optimism above $200. - ETFs aim to diversify crypto exposure beyond Bitcoin, though liquidity challenges persist fo

Ethereum News Update: ETHzilla’s Move to Wall Street Triggers DeFi Identity Dilemma
- ETHzilla sold $40M in ETH to fund a stock buyback, reducing its share discount to NAV amid crypto-treasury sector scrutiny. - The move triggered DeFi community backlash, with critics accusing the firm of abandoning its decentralized ethos for Wall Street strategies. - Over 25% of crypto-treasury companies now trade below asset value, creating systemic risks as forced asset sales accelerate. - ETHZ shares surged 32% post-announcement, but the firm remains unprofitable with -$150.7 EPS and no revenue in la

U.S. stocks continued to rise, with the Nasdaq up 1.62%