Jan 19, 2026
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Hyperliquid DEX Surpasses Competitors with $40.7 Billion Trading Volume
Hyperliquid DEX Sees Significant Trading Volume
- Hyperliquid DEX has achieved $40.7 billion in trading volumes over the past week, surpassing competitors Aster ($31.7 billion) and Lighter ($25.3 billion).
- Open interest for Hyperliquid reached $9.57 billion, significantly higher than the combined $7.34 billion of other major perpetual DEXs.
- Lighter experienced a trading volume drop post-airdrop, highlighting challenges in maintaining liquidity once incentives diminish.
HYPE Token Price Decline
- Despite strong operational performance, Hyperliquid's HYPE token is down by 8%, trading at $24.15 amid market corrections.
- The decline is linked to major upcoming unstaking events, with over 3.2 million HYPE tokens expected to be released.
- Tornado Cash-linked wallet and Continue Capital are set to unstake significant amounts, contributing to selling pressure.
