Hyperliquid pushed $203B in 30-day perp volume, already surpassing several mid-tier CEXs and closing in on MEXC.
This is parity, an on-chain venue now competing directly with centralized exchanges on execution scale.
Perps are becoming the entry point for DEX dominance, and once liquidity reaches critical mass, the distinction between CEX and DEX starts to disappear for traders.
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