The recent market volatility increased the PPETUAL DEX on-chain. The demand for risky trade increased the value of hyperliquid, together with other eternal Dex.
Hyperliquid is at the forefront of the renewed demand for eternal Dex. The exchange has recovered his TV last month and raised its vaults to more than $ 300 million. Hyperliquid achieved 50% TVL growth in the past month after a series of high-quality liquidations. The recovery follows a generally increased use of perpetual Dex while the cryptomarkt bounced from the recent lows.
In the past 30 days as a whole, elevated Eternal Dex their volumes with more 177%Achieving more than $ 10 billion in daily transactions. Perpetual Dex was resilient to the market admissions in March and April and increased their volumes as traders tried to stimulate profits through lever trade in a volatile market.
Perpetual Dex grows their volumes and get a boost of crypto-market trends for long or short positions with high leverage. | Source: Defi Lama
In total, Perpetual Dex locks $ 4.95 billion in different safes. Perpetual Dex wears hundreds of tokens and responds to market trends by quickly opening new pairs. Some Dex, such as Hyperliquid, also offer passive profit for offering liquidity, although with the inherent risk of the liquidity pool that is emptied in risky transactions.
The performance of Hyperliquid currently exceeds all other smaller eternal Dex in terms of daily volumes. Hyperliquid also recovers from recent liquidations, where Taking whales with risks Large positions developed and let themselves be liquidated. The recent performance of hyperliquid and perpetual Dex showed that the Defi sector remained resilient and even benefited from volatility.
Perpetual Futures have always received volumes on Binance, OKX and other large -scale fairs. However, decentralized, no-KYC fairs tap a wider market. In recent months, almost daily launches of small-scale perpetual Dex protocols have been trying to increase their liquidity.
Hyperliquid leads eternal Dex -Token growth
The appearance of several perpetual Dex led to the creation of a new class of tokens. Hype is the leader, with a market capitalization of $ 6.2 billion. After a successful month, hype traded at $ 18.66, the highest price for the last 30 days.
Smaller tokens include the rest of market capitalization, up to $ 7.6 billion, with most assets growing actively. Perpetual Dex appears on almost all major chains, which tap Solana and BNB Smart Chain.
The sector is very competitive, with several markets that want to repeat the success of Hyperliquid. Smaller markets are risky, as in the case of Kiloex, the recent hacked Perpetual Dex market on BNB chain and cloak.
The most important advantage of hyperliquid and other perpetual Dex is the possibility to tap the latest trends, especially for BTC and ETH. Hyperliquid still makes a relatively high leverage possible and draws whales to promising transactions. A whale recently used the 20x leverage function to Long BTC. The perpetual Dex is also popular for shortlaying ETH because of the relatively predictable downward trend.
As a result, Hyperliquid has produced more than $ 39 million in reimbursements in the past month, which is close to Uniswap. The Dex has produced $ 304 million In total reimbursements since the launch.
