WAGMI retweeted
🎉 Huge congrats to all the Hyperliquid Hackathon participants & winners! 🎉
It was incredible building together around the “what’s only possible on Hyperliquid” vision - from trading bots to new DeFi infra. Thanks to our sponsor tracks by @lavanetxyz, @GluexProtocol, @HypurrFi & @looping_col for making this possible.
Shoutout to all the winners: @luduvigo, @aj_success, @0xlizards, @crypto_vib, @miura4life, @yuvrajlakh, @Utility6151 @cryptobro2019 🙌
Big thanks to the dedicated judges: @skinnaj @0xpdjsh @FiliusJff @yaircleper @KurtG, Fernando @ChorusOne & @koholaa
Thank you to everyone who joined, built, and contributed to pushing the @HyperliquidX ecosystem forward. 🚀
Volume in isolation is such a flawed metric to refer to because of the wash trading occurring on many of the platforms on the list. OI is far more reliable in assessing market share
⚡️ RESEARCH: Hyperliquid still leads perp DEXs, but dominance is fading.
Its market share dropped from 70%+ to just over 30%, while newcomers like Lighter and Aster are rapidly catching up as users rotate for better fees, incentives and trading speed.
Is this fragmentation a sign of healthy competition, or the start of a liquidity war in onchain futures?
