Hyperliquid Dominates Perp DEX Flows as DeFi Trading Activity Surges
Hyperliquid has emerged as the clear leader in decentralized perpetual exchange flows, capturing $53 million in net bridged inflows over 24 hours—far outpacing competitors. The platform’s dominance reflects growing institutional participation and robust open interest, even as capital movements across blockchain networks remain uneven.
Decentralized exchange volumes continue their upward trajectory, reaching $419 billion with a steady 21% DEX-to-CEX ratio. This sustained performance signals a structural shift toward on-chain trading venues, with Hyperliquid at the forefront of the movement.
Ethereum trails distantly in second place for inflows, while other chains experience volatile capital flows. The disparity highlights Hyperliquid’s unique positioning in combining institutional-grade liquidity with decentralized infrastructure.
