Hyperliquid Gobbles the Competition: A Whopping $283.7B Volume While the Rest Scramble for Table Scraps

Here's your weekly serving of perp dex drama, hot off the chain. Hyperliquid is absolutely dominating the scene like a whale at an all-you-can-eat buffet—286.4 million active addresses in 30 days, a eye-watering $4.991 billion in TVL, and a monstrous $283.7 billion in volume. This thing isn't just winning; it's collecting participation trophies for everyone else while they fight over crumbs.

TradeXYZ tried its best with $59 billion in volume over the last 30 days. Nice effort, buddy. There's a clear king of this hill, and it's not losing sleep over second place.

Lighter Exchange is out here doing the most with approximately $504.4 million in TVL, $55.4 billion in volume, and 116,500 active addresses. The defi llama has