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Hyperliquid<\/strong> has positioned itself as the leader in daily trading<\/strong> volume for decentralized perpetual swaps<\/strong>, surpassing other major protocols in the derivatives market on decentralized platforms<\/strong><\/a>.<\/p>\n Yesterday, the platform recorded a trading volume of $1.39 billion<\/strong>, according to DeFiLlama<\/strong> <\/a>data. This number places Hyperliquid ahead of competitors like Jupiter, SynFutures, and dYdX<\/strong>, which reached volumes of $699 million,<\/strong> $556 million, and $331 million<\/strong>, respectively.<\/p>\n Hyperliquid’s rapid growth in recent months has been remarkable. It has maintained an average daily transaction volume exceeding $1 billion<\/strong>. This increase in activity could be related to the points reward campaign<\/strong> launched by the platform, designed to distribute tokens through a future airdrop<\/a><\/strong>. This strategy has sparked user interest, with many seeking to benefit from the release of new assets, which in turn has boosted traffic on the platform<\/strong>.<\/p>\n Hyperliquid stands out as a decentralized platform that enables the trading of perpetual derivatives, or perpetual swaps<\/strong>, which are contracts without an expiration<\/strong> date. This allows traders to hold their positions indefinitely, as long as they maintain the necessary collateral. These instruments, which were initially exclusive to centralized exchanges<\/strong> like BitMex, have gained popularity on decentralized platforms in recent years.<\/p>\n The platform operates on a Layer 1 app chain<\/strong>, offering native tokens such as Purr<\/strong> and Points<\/strong>. Additionally, it uses a custom trading engine designed to minimize latency<\/strong>, a crucial feature for high-frequency traders. This technology enables fast order execution<\/strong> on its network, an essential characteristic for users looking to take advantage of real-time market movements.<\/p>\n Another key feature of Hyperliquid is its non-custodial structure<\/strong>, which gives traders full control<\/strong> over their funds<\/strong> through their own cryptocurrency wallets, without the need to rely on third parties. This approach ensures that users maintain direct access to their assets, increasing confidence in the platform<\/p>\n","protected":false},"excerpt":{"rendered":" TL;DR Hyperliquid leads the trading volume of decentralized perpetual swaps, surpassing competitors like Jupiter and dYdX. Yesterday, the platform recorded $1.39 billion in daily volume, outperforming its rivals in the derivatives market. Its rapid growth is attributed to a rewards campaign that has increased traffic and interest in the platform. Hyperliquid has positioned itself as … <\/p>\n![\"hyperliquid](\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/hpl-post.jpg\")
<\/p>\nHyperliquid: Low Latency and High Performance<\/h2>\n
![\"HYPERLIQUID](\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/hyper-2-post-1.jpg\")
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