Analy -company Altcoin Buzz has described perpetual DEXs as the most dynamic part of the current Decentralized Finance (Defi) market. Investor Cathie Wood has continued and Hyperliquid Crypto calls the platform that probably replicates the growth of Solana from the last cycle.
That comparison arrived in August when Hyperliquid $ 400 billion in monthly trade volume and a record of $ 106 million in income, a jump of 23% from July, according to Defillama.
Bitcoin Cycli Drive Defi Rotations
Every movement in Defi trends still comes back to Bitcoin. Analysts who follow Bitcoin’s four -year rhythm will see a likely dip to $ 106,000 in October or early November.
History suggests that such pullbacks set up Q4 rallies, and when that momentum shifts, capital often flows into decentralized fairs (DEX) and emerging defi trends.
Ethereum, closely after Bitcoin’s movements, shows a strong accumulation through whales and signales confidence in higher prices. Investors expect ETH to return to earlier resistance levels around $ 45,000 if Bitcoin maintains up momentum. Consequently, Altcoin platforms such as Hyperlid, Apex and Aster can benefit from market-wide inflow as investors diversify in decentralized trade solutions.
This is why traders are curious to know if Hyperliquid could replicate the growth of Solana.
Hyperliquid’s design and on-chain edge
Hyperliquid’s Layer-1 Blockchain is only built for eternal trade. The modified Laag-1 Blockchain, HyperevM, processes more than $ 8 billion in daily transactions on peak, while cutting oracles and order-matching systems.
This architecture, built on Hyperbft-consensus, makes a full order book for the chain possible that provides speed and transparency on a scale that have difficulty matching.
Hyperliquid has pushed that design since the launch after $ 2 trillion to cumulative trade volume. Nowadays it controls more than 80% of the market share of the decentralized derivatives, making it the reference point for trade on chains and crypto-derivatives infrastructure.
Hyperliquid Rivals insist on market share
Leadership attracts rivals. APEX, integrated with Bybit, offers DEX transparency with CEX scale, plus expansion and liquidity rewards. Aster recently surpassed the daily reimbursements, a milestone that impressed analysts, but took Momentum to be important in the long term.
Bluefin, from the SUI network, remains small with a market capitalization of less than $ 40 million, but the return and user growth emphasize the potential. These projects prove that Defi-Trends are competitive and fast moving, but they also illustrate how difficult it is to match the scalability of hyperliquid and a high-quality blockchain design.
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