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Cointelegraph·2025-11-07 09:30
⚡️ RESEARCH: Hyperliquid still leads perp DEXs, but dominance is fading.Its market share dropped from 70%+ to just over 30%, while newcomers like Lighter and Aster are rapidly catching up as users rotate for better fees, incentives and trading speed.Is this fragmentation a sign of healthy competition, or the start of a liquidity war in onchain futures? ...