Hyperliquid is making significant strides in the decentralized derivatives market, achieving a volume ratio of 13.6% compared to Binance. The platform's growth is attributed to enhanced crosschain functionalities, enabling users to deposit assets across multiple chains, including Bitcoin. However, the sustainability of this momentum hinges on Hyperliquid's ability to scale and maintain its technical advantages.
hyperliquid ✓
+ binance
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crosschain ✓