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Cryptocurrency Market News - Ad-Doge BLOG

Next “Binance Killer”? Hyperliquid Now Dominates DeFi Derivatives, New Report Shows

Hyperliquid is no longer just the shiny new decentralized exchange for perpetual futures (a perp DEX). Recent data from CoinGecko suggests it even surpassed Coinbase International’s derivatives volume in 2025, putting it forward as arguably the most credible “Binance killer” candidate in the crypto derivatives market. Hyperliquid: The Rise of The Underdog Despite having launched…