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📉 Once the dominant player in on-chain perpetuals, @HyperliquidX is losing ground to rising platforms like Lighter and @Aster\_DEX .
Its market share has fallen from 71% in May to 38%, while Lighter and Aster have surged to 16.8% and 14.9% respectively, per @Dune data.
🔥 The on-chain perps market is booming: nearly $700B traded in the past 4 weeks, with $42B in just the last 24 hours.
Source:@CoinDesk
#DeFi Perpetuals #OnChainTrading Crypto