🎯 Exchanges’ decentralized business is being taken away

📰 In this week’s perpetual futures trading volume rankings, Hyperliquid broke into the top three, with Lighter also making the list. Traditional CEXs’ juicy profits are being slowly eaten away on-chain.

💬 Here’s something interesting: even after a drop like this, on-chain volume is still surging. The money isn’t leaving the game—it’s just moving to a different table.

🏷️ #Hyperliquid #Lighter #PerpDEX #OnChainData