The perps wars are heating up

📌 The Rundown:
• Hyperliquid’s weekly trading volume has dipped below newer competitors, signaling a shift in trader preference toward platforms offering lower fees and faster execution.
• The upcoming Lighter airdrop is poised to inject liquidity and user engagement, potentially reversing the volume trend and accelerating protocol adoption.

🎯 Strategic Outlook:
The perps wars will hinge on fee parity and user incentives; platforms that combine low-cost trading with robust airdrop mechanics are likely to capture the majority of the market share, driving long-term ecosystem growth.

🚀 Top 24H Futures Outperformers:
• $SOON (+37.9%) — Price: 0.4038
• $MOVR (+29.1%) — Price: 1.24
• $GRASS (+24.5%) — Price: 0.7369

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