ME News reports that, as of June 16 (UTC+8), according to Laevitas, the HIP-3 builder layer on Hyperliquid is currently dominated by Tradexyz, which holds approximately $2.871 billion in open interest, accounting for about 97% of the total $2.959 billion on the network. All other builder DEXs combined hold less than $88 million, with Dreamcash at around $35 million, HyENA at approximately $22 million, and Ventuals at about $19 million. The report notes that although long-tail builders have launched their own perpetual markets on-chain, their actual capital volume remains at a “negligible level” compared to Tradexyz. (Source: PANews)
Tradexyz Nearly Monopolizes HIP-3 Open Interest on Hyperliquid with a 97% Share
KuCoinFlashShare
Summary
Tradexyz dominates open interest on Hyperliquid’s HIP-3 builder layer, holding 97% as of June 16 (UTC+8). On-chain data shows its open interest totals $2.871 billion out of $2.959 billion. Other DEXs hold less than $880 million, with DreamCash, HyENA, and Ventuals at $350 million, $220 million, and $190 million respectively. Long-tail builders have launched perpetual futures on-chain but remain significantly behind in market capitalization.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.