Perp DEXs Top $150B in Weekly Trading Volume
Hyperliquid led the venues, while the $13T cumulative total underscores the scale on-chain derivatives have reached.
Perp DEXs Top $150B in Weekly Trading Volume
🔥BULLISH
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Crypto Rank News
Papertrade Faces Allegations of BBO Manipulation
🩸BEARISH
Papertrade Faces Allegations of BBO Manipulation
The claims expose a potential oracle-design weakness: short-term changes in Hyperliquid quotes could affect executions on Papertrade.
WuBlockchain
HYPE Risk-Reward Tightens, Hayes Says, Citing Competition
〽️NEUTRAL
HYPE Risk-Reward Tightens, Hayes Says, Citing Competition
He bought HYPE near $30, sold around $75, and did not re-enter at $50, a tell that even the bullish case on the leading perp DEX now has a shelf life.
SYN surges 100% as 4x long nets 207% unrealized
〽️NEUTRAL
SYN surges 100% as 4x long nets 207% unrealized
Single-trader leverage on a micro-cap doesn't move macro markets, but it shows how perp DEX venues like Aster let small accounts run concentrated bets that print triple-digit paper returns in a…
Lookonchain
HYPE: Whale 0x3305 Buys $28.8M in 15 Days
🔥BULLISH
HYPE: Whale 0x3305 Buys $28.8M in 15 Days
Persistence matters more than a single transaction, but one wallet cannot confirm broader demand for Hyperliquid's HYPE.
Whale opens $4.34M 4x long on $CL, already up $421K…
🔥BULLISH
Whale opens $4.34M 4x long on $CL, already up $421K…
The position on Aster's perp DEX signals confident directional conviction in CL, with a 4x leverage ratio amplifying both the upside already banked and the liquidation risk still on the table.
Perp DEXs Hit 1,000 RWA Markets as Stocks Lead
🔥BULLISH
Perp DEXs Hit 1,000 RWA Markets as Stocks Lead
Public equities account for roughly 75% of the markets, making tokenized stocks the main gateway for bringing TradFi assets into on-chain perpetual trading.
ASTER tops perp DEX holders at 256K, 5x nearest rival
〽️NEUTRAL
ASTER tops perp DEX holders at 256K, 5x nearest rival
GRVT's pace is the under-the-radar beat: launched only in July, it has already climbed to third on the leaderboard, a sign of how quickly new perp venues can absorb early attention.
Perp DEX Volume Jumps 9.1% to $423B as Hyperliquid Leads
🔥BULLISH
Perp DEX Volume Jumps 9.1% to $423B as Hyperliquid Leads
Hyperliquid's 58% share and 21% growth show perp-DEX volumes are consolidating fast, with one venue pulling further from the pack each month.
Perp DEXs Push Open Interest Above $20B in 2026
🔥BULLISH
Perp DEXs Push Open Interest Above $20B in 2026
The rebound puts on-chain perpetual trading back in focus, but open interest still has ground to cover before matching its 2025 peak.
Perpetual DEXs Put 5 Projects on the Airdrop Watchlist
🔥BULLISH
Perpetual DEXs Put 5 Projects on the Airdrop Watchlist
The strategy could intensify competition for perpetual trading flow, but rewards remain prospective and derivatives activity carries leverage and liquidation risk.
RWA Perp DEX Volume Hits Record $141B in July
🔥BULLISH
RWA Perp DEX Volume Hits Record $141B in July
Public equities took 51.1% of July's RWA perp DEX volume, up from 36.4% in June, making them the leading force behind the market's expansion.
HYPE ETF Inflows Stall as JPMorgan Flags Hyperliquid Rivals
🩸BEARISH
HYPE ETF Inflows Stall as JPMorgan Flags Hyperliquid Rivals
JPMorgan is the first major bank desk to read the ETF stall as structural, not monthly noise. Two-sided competition is rare: regulated US perps on one end, prediction markets on the other.
TheBlock
HYPE Drops 13% as ETFs Shed $27M in Outflows
🩸BEARISH
HYPE Drops 13% as ETFs Shed $27M in Outflows
The $27M July outflow is the first negative month for Hyperliquid ETFs after $280M of cumulative inflows, yet Grayscale argues HYPE trades at 15-18x projected earnings versus 35-40x for Coinbase and…
CryptoSlate
Hyperliquid flash crash wipes $400M in 2 minutes
🩸BEARISH
Hyperliquid flash crash wipes $400M in 2 minutes
A 27% wick on a HIP-3-listed Korean stock perp exposed the liquidity fragility of permissionless listing: any staker can launch a market, but depth on entry is anything but guaranteed.
Nansen CEO: AI Agents to Overtake Human Traders Within 2 Years
🔥BULLISH
Nansen CEO: AI Agents to Overtake Human Traders Within 2 Years
Svanevik is rebuilding the analytics platform around execution, betting the next leverage cycle belongs to autonomous agents and that the on-chain perp book already looks broader than the sector name…
Hyperliquid Drives On-Chain Perps Volume Past $15T
🔥BULLISH
Hyperliquid Drives On-Chain Perps Volume Past $15T
The milestone lands at a moment when Hyperliquid alone controls 30% of perps DEX flow, signalling that perpetual DEXs are no longer a niche corner of crypto trading.
$AKE Longs: 4 Wallets Open $3.48B Position on Aster DEX
〽️NEUTRAL
$AKE Longs: 4 Wallets Open $3.48B Position on Aster DEX
Four fresh 1x long positions on Aster's $AKE perps totaling $4.95M are already up 28.7% on paper, a textbook coordinated dip-bet from wallets with no prior track record disclosed.
2026 Crypto Airdrops: 30+ New Projects Launch With Trading Rewards
〽️NEUTRAL
2026 Crypto Airdrops: 30+ New Projects Launch With Trading Rewards
Over 30 newly launched DEXs and perp DEXs now reward real trading volume, a shift from speculative point farming toward volume-tied airdrop design.
RWA Perp DEX Volume Hits Record $110B in June, Up 28%
🔥BULLISH
RWA Perp DEX Volume Hits Record $110B in June, Up 28%
The 28.2% monthly jump and 4.8x year-to-date surge show tokenized real-world assets are now one of DeFi's fastest-growing verticals, with public equities leading the flow.
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