A new analysis compares six Solana perpetual futures venues against Hyperliquid, which controls 66-73% of decentralized perps flow with $50B in weekly volume.

A new analysis compares six Solana perpetual futures venues against Hyperliquid, which controls 66-73% of decentralized perps flow with $50B in weekly volume.

Hyperliquid captures a record 7% of aggregate perpetual open interest with $9.55B in positions, challenging centralized exchanges through tokenized RWA markets.