akstar82
@akstar82
CEX vs DEX: A War for Market Share and Trading Structure (Why HyperEVM Matters in the Battle for Dominance?) The Web3 trading platform landscape is undergoing seismic shifts, especially in derivatives. At the heart of this transformation lies the explosive rise of @HyperliquidX , and the defensive posture of posture of @binance , the long-time incumbent. [TL;DR] 1. Hyperliquid is growing on the back of actual usage, verifiable positions, and self-sustaining infrastructure. 2. Binance is fighting back through synthetic dominance—optics over substance. 3. As the market matures, the number of users who prioritize signal over noise will continue to rise. 4. The expansion of Precompile and HyperEVM could make Hyperliquid a dominant spot venue as well. 5. If Binance wants to retain its throne, it must shift focus from “appearing dominant” to actually improving product quality and transparency.
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akstar82
@akstar82
Quick note before we get started: I’ve been with Binance since day one. Now let’s dig into what’s really going on behind the numbers. 📈1. Hyperliquid’s Ascent: 10x Volume Growth in One Year As of May 2025, Hyperliquid recorded its all-time high monthly perpetuals volume of $24.8 billion. Just one year earlier, in May 2024, it held less than 2% of Binance’s volume. Today, it accounts for approximately 10.5% of Binance’s futures volume. The absolute gap remains large, but the growth velocity and product fundamentals suggest that Hyperliquid may be the only credible contender capable of disrupting Binance’s perpetuals monopoly.
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