Hyperliquid сохраняет привлекательность среди перпетуалов, несмотря на снижение доли рынка Translation: Hyperliquid Maintains Attractiveness Among Perpetuals Despite Market Share Decline

The market share of Hyperliquid in the perpetual DEX segment has dropped from 45% to 8%, yet the platform continues to be regarded as the «most investment-attractive.» This statement was made by DeFi analyst Patrick Scott.

According to him, the platform’s standout feature is its robust business model. The current capitalization-to-revenue ratio of 12.6 «reflects a fair assessment against the project’s profitability,» the expert emphasized.

«Trading volume indicates operational activity, while open interest serves as a gauge of actual liquidity. Hyperliquid’s dominance with a 62% market share in this crucial metric highlights its ability to sustain deep markets even amid intense competition,» he added.

Scott mentioned that a year after the HYPE airdrop, the decentralized exchange has not only maintained but also expanded its user base. In his view, the loyalty stems from «product quality rather than incentive programs.»

The analyst also linked Hyperliquid’s growth potential to the active development of its ecosystem:

«Hyperliquid shows resilience in the face of growing competition, maintaining its key competitive advantages and expanding its ecosystem beyond its core business model,» Scott concluded.

The BounceBit team has unveiled a significant upgrade. This transformation converts the project’s business model from a Bitcoin staking service into a comprehensive DeFi ecosystem featuring its own perpetual DEX.

A central component of this upgrade involves integrating a CeDeFi storage solution into a cross-chain hub. Users can deposit Bitcoin, Ethereum, Solana, BNB, and USDT, which the system will automatically convert into liquid BB-tokens (BBTC, BBETH, and others) within the BounceBit network.

The project has also announced a liquidity provider token for perpetual futures — BLP. The new perp-DEX uses this asset pool as a counterparty for all participants.

Holders of BLP can earn income from transaction fees, successful traders’ trades, and the overall growth of the pool’s value.

It is worth noting that, by the end of September, trading volumes on decentralized perpetual futures exchanges exceeded $1 trillion for the first time in history. The top three included Aster, Hyperliquid, and Lighter.