The decentralized perpetual futures trading sector has a new leader: Hyperliquid (HYPE). Launched in December 2024, Hyperliquid has its own Layer-1 blockchain, which has surpassed Solana in 7-day fees.
What’s fueling its rapid growth, and how does HYPE compare relative to Solana’s native token SOL (SOL)?
Protocols ranked by 7-day fees, USD. Source: DefiLlama
Hyperliquid’s core offering is its perpetual futures DEX, which enables traders to access up to 50x leverage on BTC, ETH, SOL, and…
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