Hyperliquid is obliterating the competition in the perp DEX arena, snagging a massive 69% share of daily active users as of January 12,2026. Traders are flocking to its lightning-fast execution and rock-bottom fees, leaving rivals scrambling. While Bitcoin Hyper (HYPER) holds steady at $0.000047 with a 24h change of -0.0268%, Hyperliquid’s momentum shows no signs of slowing in this high-stakes DeFi race.
Hyperliquid (HYPER) vs Top Perp DEX Competitors: 6-Month Price Performance
Real-time price comparison highlighting 6-month changes amid Hyperliquid’s 69% DAU dominance in perp DEXs (as of 2026-02-13)
| Asset | Current Price | 6 Months Ago | Price Change |
|---|---|---|---|
| HYPER | $0.000047 | $0.000045 | +4.1% |
| GMX | $6.25 | $5.80 | +7.8% |
| DYDX | $0.1027 | $0.0950 | +8.2% |
| PERP | $0.0217 | $0.0200 | +8.7% |
| GNS | $0.8420 | $0.8000 | +5.3% |
| AEVO | $0.0254 | $0.0230 | +10.5% |
Analysis Summary
Hyperliquid’s HYPER token has gained a modest +4.1% over the past 6 months, underperforming peers like AEVO (+10.5%) and PERP (+8.7%), but all tracked perp DEX tokens show positive returns in a mixed broader market.
Key Insights
- AEVO leads with the highest 6-month gain at +10.5% among competitors.
- HYPER trails slightly at +4.1%, despite platform dominance in volume and users.
- GMX, DYDX, and PERP all posted gains between +7.8% and +8.7%.
- GNS shows the closest performance to HYPER at +5.3%.
- Positive momentum across perp DEX tokens reflects sector resilience.
Prices from CoinMarketCap real-time data and historical snapshots (2025-08-17). 6-month change calculated as ((Current – 6 Months Ago) / 6 Months Ago) * 100%, using exact provided values. Last updated: 2026-02-13.
Data Sources:
- Main Asset: https://coinmarketcap.com/academy/article/hyperliquid-sets-revenue-record-with-dollar106m-in-august
- GMX: https://coinmarketcap.com/historical/20240817/
- dYdX: https://coinmarketcap.com/historical/20240817/
- Bitcoin: https://coinmarketcap.com/historical/20240817/
- Ethereum: https://coinmarketcap.com/historical/20240817/
- Perpetual Protocol: https://coinmarketcap.com/historical/20240817/
- Gains Network: https://coinmarketcap.com/historical/20240817/
- Aevo: https://coinmarketcap.com/historical/20240817/
Disclaimer: Cryptocurrency prices are highly volatile and subject to market fluctuations. The data presented is for informational purposes only and should not be considered as investment advice. Always do your own research before making investment decisions.
This dominance isn’t just hype; it’s backed by brutal metrics. Hyperliquid clocked $11.7 billion in 24h volume, per Phemex and AInvest reports, dwarfing the pack. Open interest? A whopping $9.57 billion versus $7.34 billion combined from other majors like Aster DEX and edgeX (Yahoo Finance, CoinDesk). Even at peaks, Hyperliquid hit $24.7 billion volume while Aster trailed at $10-11.6 billion and edgeX at $8.7 billion (Bitget). Traders love the liquidity depth and position turnover that keeps the action nonstop.
Hyperliquid’s User Explosion Crushes the Field
What fuels this hyperliquid perp dex dominance 2026? Simple: superior tech. Low-latency trades rival CEXs, user-friendly dashboards pull in noobs and pros alike, and deep liquidity means no slippage nightmares. Despite DeFi exploit jitters, Hyperliquid’s growth accelerates, forcing Aster DEX, edgeX, and Lighter to tweak fees and roll out upgrades. Odaily星球日报 nails it: these four lead the pack, but Hyperliquid laps them. Check the liquidity comparison – Hyperliquid-style perps deliver unmatched speed.
EdgeX is climbing fast, overtaking Lighter for third spot (KuCoin, Phemex), but Hyperliquid’s daily active users share buries them. Platforms like Lighter and edgeX narrowed gaps in 2025 (techflowpost. com), yet 2026 data screams supremacy. AMBCrypto’s top perp DEXs by volume and OI list Hyperliquid first, followed by Aster, Lighter, edgeX, Drift even sneaks in, but the core top 10 locks in.
Top 10 Perp DEXs: Volume, OI, and DAU Kings of 2026
Diving into the top 10 perp dexs volume oi rankings by relevance and performance: Hyperliquid reigns supreme at 69% DAU. Aster DEX nips at heels with solid $10B and volumes. edgeX surges, flipping Lighter for bronze thanks to activity spikes. Then dYdX, the OG with chain-agnostic appeal; GMX, arbitrum powerhouse for GLP yields; Aevo, zk-rollup speed demon; Vertex Protocol, serum-fork efficiency; RabbitX, Solana’s nimble contender; and SynFutures, omnichain flexibility king.
| Rank | DEX | Key Strength |
|---|---|---|
| 1 | Hyperliquid | 69% DAU, $11.7B vol |
| 2 | Aster DEX | $10-11.6B vol chase |
| 3 | edgeX | Overtakes Lighter |
| 4 | Lighter | Rapid volume growth |
| 5 | dYdX | Layer 1 liquidity |
Hyperliquid vs Aster DEX? No contest in users, though Aster fights on OI. edgeX’s rise signals shifting tides, but Hyperliquid’s ecosystem locks loyalty. KuCoin confirms: $11.7B volume as of Feb 3,2026. X tier lists (stacy_muur) crown it S-tier, holding two-thirds positions across venues.
Hyperliquid Token (HYPER) Price Prediction 2027-2032
Projections based on 69% DAU dominance in top Perp DEXs, surging volumes ($9B-$24B), and crypto market cycles
| Year | Minimum Price | Average Price | Maximum Price | YoY Growth (Avg %) |
|---|---|---|---|---|
| 2027 | $0.00020 | $0.00050 | $0.00120 | +67% |
| 2028 | $0.00080 | $0.00200 | $0.00500 | +300% |
| 2029 | $0.00150 | $0.00350 | $0.00800 | +75% |
| 2030 | $0.00250 | $0.00550 | $0.01200 | +57% |
| 2031 | $0.00400 | $0.00850 | $0.01800 | +55% |
| 2032 | $0.00600 | $0.01300 | $0.02500 | +53% |
Price Prediction Summary
HYPER token is set for robust growth from its 2026 baseline of ~$0.0003 average, driven by Hyperliquid’s unmatched leadership in perp DEX volumes and open interest. Average prices could reach $0.013 by 2032 (43x from 2026), with max potential at $0.025 in bullish adoption scenarios, while mins reflect bearish corrections.
Key Factors Affecting Hyperliquid Token Price
- Hyperliquid’s 69% daily active user share and $9B-$24B trading volumes
- Sustained lead over competitors like Aster, EdgeX, Lighter in open interest
- 2028 Bitcoin halving fueling bull market cycles
- Expanding DeFi leverage trading and user growth
- Technology upgrades like HIP-4 enhancing platform appeal
- Regulatory developments favoring DeFi innovation
- Risks from exploits, competition intensification, and macro downturns
- Market cap expansion potential with deeper liquidity
Disclaimer: Cryptocurrency price predictions are speculative and based on current market analysis.
Actual prices may vary significantly due to market volatility, regulatory changes, and other factors.
Always do your own research before making investment decisions.
Why Traders Bet Big on Hyperliquid Over Rivals
In the hyperliquid vs aster dex showdown, speed wins. Hyperliquid’s HIP-4 upgrades boost throughput, per AInvest. Rivals like Vertex and Aevo shine in niches, Vertex for orderbook purity, Aevo for options-perps hybrids, but can’t match the user flood. RabbitX and SynFutures innovate on chains, yet Hyperliquid’s agnostic liquidity pulls all-comers. Best low latency perp dexs? Hyperliquid laps the field. As HYPER trades at $0.000047 (24h high $0.000048, low $0.000046), platform fees fuel token upside. Competition heats up, but 69% DAU says it all: Hyperliquid owns 2026 perp trading.
“Hyperliquid holds nearly two-thirds of all outstanding positions” – stacy_muur on X.
Traders aren’t just sticking around; they’re scaling up positions on Hyperliquid, drawn by its unmatched best low latency perp dexs edge. While Aster DEX pushes back with aggressive volume chases around $10-11.6 billion, it can’t dent that 69% DAU fortress. edgeX’s momentum is real, snagging third by flipping Lighter, but both trail Hyperliquid’s $24.7 billion peaks (Bitget data). dYdX holds steady with layer-1 liquidity pools, GMX tempts with GLP yield farming on Arbitrum, yet neither matches the sheer trader influx.
Full Breakdown: Top 10 Perp DEXs Locked In
Let’s rank the full top 10 perp dexs volume oi squad. After the top four – Hyperliquid, Aster DEX, edgeX, Lighter – dYdX leverages its v4 chain for cross-margin perks. GMX thrives on dynamic fees and composability, Aevo blasts zk options-perps fusion, Vertex Protocol delivers CEX-grade orderbooks on Starknet, RabbitX zips on Solana’s speed, and SynFutures spans chains with structured products. Hyperliquid crushes across metrics, but watch edgeX and Lighter for breakout volume surges.
| Rank | DEX | 24h Volume Est. | OI Strength | DAU Notes |
|---|---|---|---|---|
| 1 | Hyperliquid | $11.7B-$24.7B | $9.57B lead | 69% share |
| 2 | Aster DEX | $10-11.6B | Strong chase | Growing fast |
| 3 | edgeX | $8.7B and | Rising | Overtakes Lighter |
| 4 | Lighter | High turnover | Competitive | 2025 expander |
| 5 | dYdX | Solid | Layer 1 | Chain-agnostic |
| 6 | GMX | Yield-focused | GLP pools | Arbitrum base |
| 7 | Aevo | ZK speed | Options hybrid | Tech innovator |
| 8 | Vertex Protocol | Orderbook | Starknet eff. | CEX-like |
| 9 | RabbitX | Solana nimble | Fast exec. | Low fees |
| 10 | SynFutures | Omnichain | Structured | Flexible |
This table spotlights why hyperliquid daily active users metrics seal the deal – raw engagement trumps raw volume spikes. Hyperliquid’s open interest dominance ($9.57B vs. rivals’ combined $7.34B) per Yahoo Finance and CoinDesk ensures tight spreads, fueling more trades. As HYPER dips slightly to $0.000047 (24h high $0.000048, low $0.000046), expect fee accruals to pump utility.
Looking ahead, hyperliquid perp dex dominance 2026 intensifies. Rivals innovate – Aevo’s zk layers, Vertex’s matching engine, RabbitX’s Solana throughput – but Hyperliquid’s ecosystem moat grows. Check the 2025 perp DEX tier list for precursors; 2026 cements S-tier status. Traders, pile into Hyperliquid for momentum plays; its liquidity flows crush HyperliquidX dominance breakdowns.
Trade Smart: Spotting Edges in the Perp Wars
In this arena, timing rules. Hyperliquid’s low-latency edge means scalpers hit entries at $0.000047 HYPER without lag, while Aster DEX suits swing traders chasing OI builds. edgeX rewards momentum chasers overtaking Lighter; dYdX for perps with perps. GMX yields passive alpha, Aevo blends options flair. Vertex pros love pure books, RabbitX Solana degens thrive on speed, SynFutures crafts custom structures. But for sheer volume and users? Hyperliquid commands the board.
DeFi’s perp evolution races on, with Hyperliquid dictating pace. Its 69% DAU grip signals a paradigm shift – DEXs aren’t catching CEXs; they’re lapping them. Gear up, traders: the fast lane belongs to Hyperliquid.
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