August 14, 2025

Hyperliquid’s 79% DeFi-perps share; Circle’s Arc L1; Paxos wins OCC nod

A weekly chart of Crypto.com Research indicates that Hyperliquid will have ~79% of all the volume of patient sovereign, substantially more than the competitors like Jupiter, Drift, GMX, and dYdX at the beginning of July 2025. Its share growth follows a …

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