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Hyperliquid leads on-chain perpetual futures with 263K+ active traders and $9B+ open interest

Protocol Fundamentals
09 Aug 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Hyperliquid, a decentralized exchange founded by a former Wall Street quant, now dominates on-chain perpetual futures trading with over 263,000 active traders and nearly 70% market share. It offers more than 300 perpetual and spot markets across crypto, commodities, and indices, running on its own Layer-1 blockchain with a unique consensus mechanism. The platform's growth is driven by demand for 24/7 leveraged trading with lower counterparty risk amid rising regulatory scrutiny on centralized exchanges. Hyperliquid's design focuses on capital efficiency and low latency, appealing to active and institutional traders alike.

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