Perpetual DEXs Heat Up as Hyperliquid Smashes $106M Revenue and $400B Volume. Can It Replicate Solana’s Q4 2024 Growth?

• Perpetual DEXs surge as Hyperliquid posts $106M revenue and $400B volume, fueling Solana debate
• Bitcoin dips near $106K may trigger Q4 rallies, boosting altcoin DEX platforms
• Apex, Aster, and Bluefin gain traction with staking, liquidity, and buyback upgrades

Analyst firm Altcoin Buzz has described perpetual DEXs as the most dynamic part of today’s decentralized finance (DeFi) market. Investor Cathie Wood has gone further, calling Hyperliquid crypto the platform most likely to replicate Solana’s growth from the last cycle. 

That comparison gained weight in August when Hyperliquid posted $400 billion in monthly trading volume and a record $106 million in revenue, a 23% jump from July, according to DefiLlama.

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