Hyperliquid is consolidating its lead in on-chain derivatives, even as falling volumes elsewhere highlight the limits of incentive-driven growth.
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Sam Reynolds
https://www.coindesk.com/markets/2026/01/19/hyperliquid-extends-lead-in-perp-dex-race-as-rivals-volumes-fade
2026-01-19 06:55:00
Hyperliquid surges ahead in decentralized futures race as rivals fade
