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MainNewsdYdX’s Loss ...

dYdX’s Loss is Hyperliquid’s Gain: DEX Market Share Shifts


by Abdulkarim Abdulwahab
for CoinEdition
Crypto Perpetual Futures Hit $58.5T in 2024: Key Trends & Shifts
  • Centralized perpetual exchanges hit $58.5 trillion in 2024 trading volume, doubling 2023’s figures.
  • Hyperliquid dominated decentralized perpetuals with over 55% market share in Q4.
  • Bitcoin led open interest at 45%, while Solana saw a significant volume spike in 2024.

The crypto perpetual futures market went into overdrive in 2024, moving past previous trading figures.

The latest report from market tracker CoinGecko shows that the top 10 exchanges recorded $58.5 trillion in trading volume, more than double the $28 trillion recorded in 2023. This makes 2024 the most active year ever for perpetuals trading, driven by a massive surge in Q4, with volume jumping +79.6% from $11.8 trillion in Q3 to $21.2 trillion.

CEXs: Binance Still Leads, But Loses Ground

Despite the impressive volume, Binance—long the market leader—has seen its dominance wane. The exchange’s market share dropped from 43% in January to 34% by December. However, Binance continues to lead the sector by a wide margin.

Related: Binance Crackdown: Bans Market Maker & Compensates Users in $GPS, $SHELL Case

Meanwhile, a notable development in the centralized exchange market was Coinbase…

The post dYdX’s Loss is Hyperliquid’s Gain: DEX Market Share Shifts appeared first on Coin Edition.

Read the article at CoinEdition

Read More

TON Price Prediction May 30: Will Toncoin Hold Above $3.25 After Sudden Spike?

TON Price Prediction May 30: Will Toncoin Hold Above $3.25 After Sudden Spike?

Since May 28, 2025, Toncoin has witnessed a sharp breakout that briefly propelled the...
TON Jumps by 8% Daily as BTC Price Maintains $108K (Market Watch)

TON Jumps by 8% Daily as BTC Price Maintains $108K (Market Watch)

SPX has entered the top 100 alts, while TON has gained 11% today.
MainNewsdYdX’s Loss ...

dYdX’s Loss is Hyperliquid’s Gain: DEX Market Share Shifts


by Abdulkarim Abdulwahab
for CoinEdition
Crypto Perpetual Futures Hit $58.5T in 2024: Key Trends & Shifts
  • Centralized perpetual exchanges hit $58.5 trillion in 2024 trading volume, doubling 2023’s figures.
  • Hyperliquid dominated decentralized perpetuals with over 55% market share in Q4.
  • Bitcoin led open interest at 45%, while Solana saw a significant volume spike in 2024.

The crypto perpetual futures market went into overdrive in 2024, moving past previous trading figures.

The latest report from market tracker CoinGecko shows that the top 10 exchanges recorded $58.5 trillion in trading volume, more than double the $28 trillion recorded in 2023. This makes 2024 the most active year ever for perpetuals trading, driven by a massive surge in Q4, with volume jumping +79.6% from $11.8 trillion in Q3 to $21.2 trillion.

CEXs: Binance Still Leads, But Loses Ground

Despite the impressive volume, Binance—long the market leader—has seen its dominance wane. The exchange’s market share dropped from 43% in January to 34% by December. However, Binance continues to lead the sector by a wide margin.

Related: Binance Crackdown: Bans Market Maker & Compensates Users in $GPS, $SHELL Case

Meanwhile, a notable development in the centralized exchange market was Coinbase…

The post dYdX’s Loss is Hyperliquid’s Gain: DEX Market Share Shifts appeared first on Coin Edition.

Read the article at CoinEdition

Read More

TON Price Prediction May 30: Will Toncoin Hold Above $3.25 After Sudden Spike?

TON Price Prediction May 30: Will Toncoin Hold Above $3.25 After Sudden Spike?

Since May 28, 2025, Toncoin has witnessed a sharp breakout that briefly propelled the...
TON Jumps by 8% Daily as BTC Price Maintains $108K (Market Watch)

TON Jumps by 8% Daily as BTC Price Maintains $108K (Market Watch)

SPX has entered the top 100 alts, while TON has gained 11% today.