Last month's perpetual trading volume across major chains reveals some interesting shifts in market activity. Hyperliquid continues to lead the charge, but the competition is heating up—zkLighter, edgeX, and several layer-2 solutions are making serious moves.
Ethereum remains the heavyweight, though Arbitrum and Base are snapping at its heels in perpetual trading volume. Solana's staying competitive, while Starknet and dYdX are carving out their own niches. BSC, Tron, and Paradex each have their loyal trading communities too.
What's noteworthy? The diversity. Whether you're on GRVT, ReyaChain, or Ink, there's real volume happening across the board. No single chain dominates everything—different perpetual platforms are thriving on different infrastructure. That's how you know the market's maturing. The real question: where does the volume flow next month?
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tx_or_didn't_happen
· 16h ago
How much longer can Hyperliquid last? It feels like Arbitrum's momentum is quite strong.
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ForkLibertarian
· 21h ago
Hyperliquid is still the leader, but Base has been quite aggressive lately... Will it be overtaken next month?
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OfflineNewbie
· 21h ago
Haha, Hyperliquid is still stuck... but I just want to know, how much of this volume is actually real trading, and how much is robot battles...
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BlockchainBouncer
· 21h ago
How much longer can Hyperliquid last? It seems like the Layer 2s are really rushing to catch up.
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ImpermanentPhobia
· 21h ago
How much longer can hyperliquid last? I feel like this momentum will eventually be overtaken by layer2.
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rugged_again
· 21h ago
hyperliquid is still so powerful... but arbitrum and these layer2s are really starting to encroach, it feels like ETH's perpetual monopoly is about to break.
Last month's perpetual trading volume across major chains reveals some interesting shifts in market activity. Hyperliquid continues to lead the charge, but the competition is heating up—zkLighter, edgeX, and several layer-2 solutions are making serious moves.
Ethereum remains the heavyweight, though Arbitrum and Base are snapping at its heels in perpetual trading volume. Solana's staying competitive, while Starknet and dYdX are carving out their own niches. BSC, Tron, and Paradex each have their loyal trading communities too.
What's noteworthy? The diversity. Whether you're on GRVT, ReyaChain, or Ink, there's real volume happening across the board. No single chain dominates everything—different perpetual platforms are thriving on different infrastructure. That's how you know the market's maturing. The real question: where does the volume flow next month?