Hyperliquid Grows Into a Major Player in Crypto Derivatives

Photographer: Carolina Moscoso
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Muyao Shen reports on how Hyperliquid now ranks among the biggest venues for perpetual Bitcoin swaps, known as perps.

Decentralized exchanges – the type of peer-to-peer trading platforms with few intermediaries – are finally getting closer to their dream of breaking into a market that’s dominated by Binance and other centralized exchanges.