In 2025, the world of crypto trading underwent a seismic shift. Decentralized perpetual contract exchanges (Perp DEX) rose from the fringes to become the mainstream battleground. In this intense competition, Hyperliquid firmly claimed the throne, hailed as the "Project of the Year 2025," with a cumulative trading volume exceeding $30 trillion and daily trading volumes often breaking into the hundreds of billions. It has made high-risk, high-leverage trading "frictionless," and decentralized trading is becoming the mainstream of Web3.
Why is Hyperliquid considered the strongest Perp DEX of 2025? Why are countless traders and communities calling to "switch to Hyperliquid"? Let's delve into the technical aspects and community feedback to find out.
HyperLiquid data shows in real-time:
Total positions: $1.71B
Margin: $260.98M
1. Extreme Performance: CEX Speed + DeFi Transparency, Experience Crushing All
Hyperliquid is not just a simple DEX; it is a custom Layer-1 blockchain (HyperCore + HyperEVM) optimized for trading. With sub-second settlement (latency of only 0.2-1 seconds) and a processing capacity of up to 200,000 TPS, it features a completely on-chain order book (CLOB). As one community leader stated, "Hyperliquid is the most performant decentralized Perp exchange, with the huge upside of an L1 ecosystem."
🚀 Sub-second settlement: What does a 0.2-second delay mean? The moment you press the button, the order has already been matched on-chain.
💸 Zero Gas Trading: No more worrying about expensive L2 gas fees; on Hyperliquid, you only need to focus on the trade itself, with order cancellations and placements as easy as breathing.
On various social media platforms, users repeatedly praise its smooth experience:
- "Zero gas fees + ultra-low transaction fees, 50x leverage is a breeze, crushing other DEXs."
- "On-chain transparency, no KYC, self-custody security, 100% of funds in your hands."
- "Hyperliquid is one of the most impressive success stories in crypto, with an 11-person team dominating the market in 3 years, generating over $1 billion in annual cash flow, with 99% of revenue used for token buybacks."
Compared to other Perp DEXs, Hyperliquid shines particularly in extreme market conditions. During the "10.11" major liquidation event in 2025, multiple CEXs crashed, while Hyperliquid maintained zero downtime and zero bad debts throughout. Hyperliquid prioritizes order cancellations at the consensus layer, allowing market makers to escape, resulting in better liquidity and lower slippage for retail traders. This is why professional traders and high-frequency teams are migrating: here, large orders face no pressure, slippage is low, and execution is like CEX, yet completely decentralized.
2. Community-Driven + Deflationary Economics: Built Truly for Users
Hyperliquid's success relies not only on technology but also on fair distribution. No VC funding, no private placements; HYPE tokens are fairly distributed through airdrops, with 99% of protocol revenue used for buybacks and burns (over 37 million tokens have been burned). The impressive performance includes the highest OI, volume, and user count, the best UI/UX; all revenue is used to buy back HYPE; users migrate and do not leave, resulting in extremely high retention rates.
Community praise is overwhelming:
- "Built by traders for traders, with no external financing and selling pressure."
- "Redefining the crypto meta, putting the community first."
- "AWS of liquidity—transparent, accessible, everyone can use it."
- "Hyperliquid will become the backend for all perpetual futures markets."
Many see it as the "CEX killer": "It allows DeFi to surpass CeFi's shady practices." Even in the face of subsidy attacks from competitors like Lighter and Aster, Hyperliquid chooses to focus on underlying technology (such as HIP-3 permissionless markets, Builder Codes) rather than short-term competition. The result? Higher user stickiness and a continuous influx of professional capital.
3. Why is it Worth Switching Now?
In the 2025 Perp DEX battle, while Hyperliquid's market share has fluctuated, its core advantages remain unshaken: the deepest liquidity, fastest execution, most transparent mechanisms, and strongest value capture. Future predictions state: "Perp DEX will collapse the traditional financial stack, and Hyperliquid is building the next Wall Street of the digital economy."
Now, more and more communities have reached a consensus: "For perpetual trading, choose Hyperliquid!"
More importantly, AiCoin users now enjoy: 4% trading fee discount (invitation code: AICOIN88), with switching costs nearly zero and significant profit increases.
Exclusive discount link: https://app.hyperliquid.xyz/join/AICOIN88
Take action now, unlock the freedom of decentralized assets!
Official Telegram community: t.me/aicoincn
AiCoin Chinese Twitter: https://x.com/AiCoinzh
Save 4% on trading costs exclusively:
https://app.hyperliquid.xyz/join/AICOIN88
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