Hyperliquid’s dominance in on-chain perpetuals is shrinking! 📉 Market share fell from 71% in May to 38% as Lighter (16.8%) & Aster (14.9%) gain traction. The market is booming – $700B traded in 4 weeks! 🚀 Over 80 protocols now exist, showing growing demand for decentralized trading. #DeFi #trading

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