Hyperliquid Clears Controversy, Dominates Perp DEX
Update: 2025-12-22
Description
Hyperliquid, a leading perpetuals DEX platform, recently addressed a controversy involving a former employee shorting HYPE tokens before negative news. The company, founded in late 2022, reported a staggering $653 billion trading volume in Q2 2025, capturing 73% of the perp DEX market. Despite HYPEs 24% decline this year, Hyperliquids resilience and commitment to ethics have earned it praise as the best crypto story of this cycle.
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