The Block••1 min read
Hyperliquid Sees $430M+ Outflows Amidst DEX Competition from Lighter, Aster
Weekly outflows from Hyperliquid have exceeded $430 million, according to reports. This development occurs as competition within the decentralized perpetual exchange (DEX) landscape increases. Lighter and Aster are cited as fast-growing rivals that are intensifying the competition. The data was sourced from Dune Analytics. The rise of competing platforms highlights the evolving dynamics within the decentralized finance (DeFi) space, where users are presented with an expanding array of options for perpetual trading.
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