dYdX’s Loss is Hyperliquid’s Gain: DEX Market Share Shifts
2025-07-04 03:16:37
Description
Centralized perpetual exchanges hit $58.5 trillion in 2024 trading volume, doubling 2023’s figures. Hyperliquid dominated decentralized perpetuals with over 55% market share in Q4. Bitcoin led open interest at 45%, while Solana saw a significant volume spike in 2024. The crypto perpetual futures market went into overdrive in 2024, moving past previous trading figures. The latest report from market tracker CoinGecko shows that the top 10 exchanges recorded $58.5 trillion in trading volume, more t...
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