Hyperliquid News Today: Perp DEX Rivalry Ignites: Dreamcash's 100K Signups and Rolex Referral War

Dreamcash, a next-generation crypto wealth platform, has surpassed 100,000 signups for its invite-only waitlist since launching earlier this year, marking a significant milestone in its journey toward a September 2025 launch. To commemorate the achievement, the platform has launched a three-part giveaway series, with the first prize being a custom Rolex Submariner awarded to the user who refers the most participants during the campaign period. The referral program leverages Dreamcash's points system, where users earn rewards for engagement and successful invitations, with additional benefits unlocked during the platform's official launch.

The timing of Dreamcash's initiative aligns with a surge in decentralized perpetual derivatives (perp DEX) trading. Hyperliquid, a key partner of Dreamcash, reported $2.7 trillion in perpetuals trading volume in September 2025, alongside $86.6 million in protocol revenue-the highest monthly figures since its launch. Meanwhile, newer platforms like Aster and Lighter have gained traction, with Aster recording $36 billion in 24-hour trading volume and Lighter surpassing $2 billion in daily volume despite being in closed beta. According to CoinGecko, decentralized perpetual trading volume reached an all-time high in Q3 2025, with the DEX/CEX volume ratio hitting 0.23, signaling a growing shift toward decentralization.

Dreamcash's referral competition is structured around real-time tracking of the leaderboard, with users accumulating points through referrals and in-app activities. The platform's integration with Hyperliquid provides users access to deep liquidity and institutional-grade execution, positioning it to capitalize on the explosive growth in perp DEX trading. Additionally, Dreamcash eliminates traditional KYC barriers for initial onboarding, enabling immediate portfolio building while offering delta-neutral strategies that generate yield regardless of market direction. The platform's mobile-first design and AI-driven tools aim to simplify access to complex markets, addressing barriers that have historically limited participation.

The competitive landscape of perp DEXs is evolving rapidly. Hyperliquid remains the dominant player, processing over $10 billion in daily volume and maintaining a 70% market share in early October 2025. However, Aster has surged to nearly 50% market share, driven by multi-chain support and innovative features like stock perpetuals and yield-bearing collateral. Lighter, a zero-fee platform powered by zero-knowledge proofs, has also gained attention with $7 billion in daily volume while in beta. Despite Aster's rapid growth, analysts argue that Hyperliquid's sustainable revenue model and deep liquidity give it a long-term edge. Dreamcash's strategic integration with Hyperliquid positions it to leverage these market dynamics while offering a user-friendly interface and automated yield strategies.

Users can join Dreamcash's waitlist at dreamcash.xyz, where they can begin earning referral points immediately. The platform's referral code system allows participants to boost their early placement on the waitlist and accumulate points through daily check-ins, social media engagement, and referrals. The referral leaderboard updates in real time, fostering competition among users. Dreamcash's approach to onboarding and rewards is designed to democratize access to sophisticated trading tools, aligning with broader trends in decentralized finance (DeFi) where liquidity and innovation are increasingly fragmented across multiple platforms.

Dreamcash's mission is to bridge the gap between seamless mobile applications and traditional trading tools, offering a mobile-first experience with AI-powered insights and automated strategies. The platform's initial focus on Hyperliquid integration reflects its commitment to leveraging proven infrastructure for scalability and reliability. As the perp DEX market continues to expand, platforms like Dreamcash are positioned to capture value by simplifying access to decentralized derivatives trading. With its combination of user incentives, technological integration, and market timing, Dreamcash aims to establish itself as a key player in the evolving DeFi ecosystem.

Source: [1] Dreamcash Celebrates 100,000 Waitlist Signups with Exclusive ... (https://markets.businessinsider.com/news/currencies/dreamcash-celebrates-100-000-waitlist-signups-with-exclusive-50k-giveaway-series-1035296894)

[2] Dreamcash: Project Guide | Latest Updates, Presale (https://web3.bitget.com/en/dapp/dreamcash-30469)

[6] Aster Surges in Volume, but Hyperliquid Remains Top Perp DEX ... (https://coincentral.com/aster-surges-in-volume-but-hyperliquid-remains-top-perp-dex-choice/)

[8] Why Hyperliquid Beats Aster as the Most Investible Perp DEX (https://beincrypto.com/perp-dex-aster-vs-hyperliquid/)

[10] 18m0v4 (https://airdropbuzz.com/article/dreamcash-referral-18m0v4-early-access:~:text=Join%20Dreamcash%2C%20the%20mobile-first%20crypto%20trading%20platform%20launching,access%2C%20and%20explore%20AI-powered%20tools%20before%20anyone%20else.)