Decentralized exchange Hyperliquid is emerging as the clearest proof that blockchain-based perpetual futures infrastructure can compete with traditional financial markets, according to Panter
Decentralized exchange Hyperliquid is emerging as the clearest proof that blockchain-based perpetual futures infrastructure can compete with traditional financial markets, according to Pantera Capital, which disclosed it is an investor in the Hyperliquid ecosystem. Perpetual futures, or ‘perps,’ are derivatives that let traders bet on an asset’s price with no expiry date, a format that has become popular in crypto.
Pantera said in a Wednesday post on X that DEX perpetual futures volumes have climbed to 14% of centralized exchange perps volume, up from less than 1% in early 2023 when Hyperliquid first launched. The firm credited perpetual futures with structural advantages over conventional derivatives: 24/7 trading, no contract expiries, simpler position management, and continuous price discovery.
