Hyperliquid Surges Past DEX Rivals with $40.7 Billion Trading Volume

Hyperliquid has surpassed Aster and Lighter with a trading volume of $40.7 billion last week, driven by demand for leverage and decentralization. The exchange's open interest also leads the competition with $9.57 billion. However, Hyperliquid's token HYPE has dropped 8% due to unstaking events and a broader crypto market correction.