The perp DEX market is becoming a multi-architecture race across CLOBs, ZK-rollups, and RFQ-based trading.
Hyperliquid leads with ~$11.2B OI and ~$190B in 30-day perp volume.
So which architecture can sustain its edge as competition intensifies?
Let’s break it down.
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Hyperliquid leads with ~$11.2B OI and ~$190B in 30-day perp volume.
So which architecture can sustain its edge as competition intensifies?
Let’s break it down.
—
●