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HyperliquidX’s $HYPE Leads PERP Volume Battle with $18 Billion in 24 Hours

The decentralized trading platform HyperliquidX outpaced $ASTER in perpetual futures volume, recording $18 billion compared to $ASTER’s $12.3 billion over the past day.

HYPE

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Terms & Concepts
  • Perpetual futures: A type of cryptocurrency derivative contract without an expiry date, allowing traders to speculate on asset prices indefinitely.
  • HyperliquidX: A decentralized trading platform offering high-volume cryptocurrency perpetual futures trading.
  • Trading volume: The total value of assets traded within a specific period, used to gauge market activity.