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RootData latest derivatives exchange ranking: Binance scores 95.7 points, with positions of $2.844 billion, $19.879 billion in 24-hour trading volume, and a market share of 48.46%; Hyperliquid scores 94.9 points, with positions of $1.708 billion, $5.668 billion in trading volume, and a market share of 13.82%; OKX scores 92.6 points, with positions of $0.528 billion, $4.752 billion in trading volume, and a market share of 11.58%.

The numbers tell at a glance: Binance accounts for nearly half of the market, while Hyperliquid and OKX are both above 10%.

But what’s really worth discussing isn’t who’s first—it’s who’s growing the fastest.

Hyperliquid rose from 7th to 2nd, and OKX moved from 6th to 3rd. These upward trajectories suggest that the landscape of the stock derivatives sector hasn’t been fully set yet; late entrants still have opportunities through product differentiation and liquidity incentives.

In contrast, MEXC fell from 2nd to 5th, and Bybit dropped from 3rd to 7th, indicating that user stickiness in this market isn’t high—capital flows quickly toward platforms with better user experience and greater depth.

Practical implications for traders: stock derivatives are no longer at the stage where choosing any exchange is basically the same. Differences in depth, slippage, and contract types will directly affect trading costs.

Do you think Hyperliquid can take away even more market share from Binance?

#币安 #Hyperliquid #OKX #股票衍生品 #RootData