2026-01-15 11:23:49

The competitive landscape of perpetual DEXs is gradually becoming clearer. From a technical infrastructure perspective, the HyperLiquid series and Aster series chains may become the main platforms. When other teams develop aggregated trading, RWA derivatives, or cross-asset perpetual products, the codebases based on HIP-3 and Aster are already sufficient to support them, and there is no need to create new chains or rebuild new platforms.

The focus of competition in the second half of the DEX market is shifting. The surge in aggregated trading has become quite evident—it's easy to see that both leading platforms and emerging exchanges are increasing their investment in aggregation features. This may indicate that perpetual derivatives are moving from single-chain competition into an era of cross-ecosystem integration.

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Degentleman

· 01-17 13:13

Is Hyperlig about to dominate the industry? Honestly, I'm a bit worried about centralization, but aggregation is definitely the trend. Whoever masters it first will win.

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DefiEngineerJack

· 01-17 12:34

actually™ the whole "two chains will dominate" thesis conveniently ignores liquidity fragmentation costs. empirically, we'll see at least 3-4 viable layers before consolidation happens. show me the formal verification on those HIP-3 assumptions tho

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ThreeHornBlasts

· 01-17 09:35

Speaking of hyperliwuid, this move definitely took the lead, and the ecosystem aggregation is basically a done deal.

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WenMoon42

· 01-15 11:57

Perpetuals still depend on how HyperLiquid plays; it seems like other chains are just following the trend.

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TaxEvader

· 01-15 11:55

Haha, HyperLiquid and Aster are taking all the spotlight, while other teams just lie flat and rely on codebases. Much easier.

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SilentObserver

· 01-15 11:54

Are Hyperliquid and Aster really about to dominate the market? It seems like everyone is using ready-made code libraries—what about the space for innovation...

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CryptoNomics

· 01-15 11:45

lol if you actually ran a correlation matrix on chain selection vs platform success, you'd realize this "two chains will dominate" thesis completely ignores endogenous network effects. statistically significant? maybe. causally sound? *sigh* doubtful.

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VibesOverCharts

· 01-15 11:44

Will HyperX dominate the market? It feels like this round of the aggregation track is really going to take off.

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