Hyperliquid shows how onchain perps could challenge Wall Street: Pantera
Perpetual futures and Hyperliquid’s blockchain infrastructure are expanding into traditional asset classes with around-the-clock trading, according to Pantera Capital....
Key takeaways
- 1Hyperliquid's onchain perpetual futures volumes grew to 14% of centralized exchange volumes, up from under 1% in early 2023.
- 2Hyperliquid generates $13.5 million in weekly fees and accounts for roughly 40% of all onchain perpetual futures trading volume.
- 3Traditional finance institutions like NYSE and ICE are launching 24/7 tokenized trading for equities, commodities and crude oil benchmarks.
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Why it matters
Blockchain-based perpetual futures are challenging Wall Street's traditional derivatives markets by offering 24/7 trading and instant settlement, attracting both crypto traders and institutional capital. For Indian retail investors, this signals growing legitimacy of onchain trading infrastructure and potential future access to global assets through decentralized exchanges with lower barriers.
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