Ethereum News Today: Ethereum-Powered Hybrid Model Challenges Binance's Derivatives Dominance

Generated by AI AgentCoin World
Friday, Aug 29, 2025 4:11 pm ET1min read
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Aime RobotAime Summary

- Hyperliquid Perpetuals, an Ethereum-based derivatives platform, now captures 14% of crypto derivatives volume previously dominated by Binance.

- Its hybrid on-chain/off-chain model enables low fees, instant settlements, and minimal slippage, attracting retail and institutional traders.

- Recent token expansions (BTC, ETH, BNB) and 300% 3-month volume growth highlight its competitive edge against centralized exchanges.

- The platform's non-custodial structure and DeFi integration align with growing demand for transparent, self-controlled trading alternatives amid regulatory scrutiny.

- Analysts predict Hyperliquid's Ethereum-based scalability and Layer 2 adoption could solidify its role in the evolving decentralized derivatives landscape.

Hyperliquid Perpetuals, a derivatives trading platform built on the

Ethereum
blockchain, has seen a significant rise in trading volume over the past several months, capturing approximately 14% of the total volume previously dominated by Binance, one of the world’s largest centralized exchanges. This growth highlights a broader shift in the crypto derivatives market toward decentralized infrastructure and user-driven platforms.

The surge in Hyperliquid’s popularity is attributed to a combination of factors, including low transaction fees, near-instant settlement times, and the absence of intermediaries in the execution of trades. Unlike traditional centralized exchanges, Hyperliquid operates using a unique hybrid model that integrates on-chain order books with off-chain matching engines, offering traders a seamless experience with minimal slippage and high throughput. This architecture has attracted both retail and institutional traders seeking more transparent and efficient trading environments.

In recent weeks, the platform has also expanded its range of supported tokens, adding several high-liquidity assets such as

Bitcoin
(BTC), Ethereum (ETH), and
BNB
. The addition of these assets has further broadened Hyperliquid’s appeal, particularly among traders who previously relied on Binance for similar services. According to on-chain data from blockchain analytics firm
Dune
Analytics, Hyperliquid’s daily trading volume has increased by over 300% in the past three months, with the platform now competing with top-tier centralized exchanges in terms of volume per asset class [1].

The rise of Hyperliquid Perpetuals also reflects a growing trend in the crypto space toward decentralized finance (DeFi) solutions. As regulatory scrutiny intensifies on centralized exchanges, many traders are seeking alternatives that provide greater control over their assets and more transparent fee structures. Hyperliquid’s open-source nature and non-custodial model align with this demand, allowing users to maintain full control of their funds while still accessing deep liquidity pools and competitive leverage options [2].

Analysts suggest that Hyperliquid’s ability to integrate with major DeFi protocols and smart contract platforms could further enhance its position in the market. By leveraging Ethereum’s robust infrastructure and the expanding ecosystem of Layer 2 solutions, Hyperliquid has positioned itself as a scalable and future-ready alternative to traditional derivatives exchanges. As the crypto derivatives market continues to evolve, platforms like Hyperliquid may play a pivotal role in shaping the next phase of decentralized trading.

Source:

[1] Dune Analytics (https://dune.com)

[2] Hyperliquid Official Documentation (https://docs.hyperliquid.com)