Post #11515

Perpetual DEXes Historical Landscape — from dYdX to Hyperliquid and beyond 4 years. Trillions in volume. One epic race. Watch how the perp DEX landscape evolved from 2021 to today: 🔹 2021: dYdX dominates the early days 🔹 2022-2023: GMX, Gains, and others enter the arena 🔹 2024: Hyperliquid emerges from nowhere 🔹 2025: Hyperliquid flips everyone to claim #1 From zero to $3.7T cumulative volume in just over a year — the craziest growth story in DeFi. Who's next? 👀 Kudos to DefiLlama.com for data 🙌 @TOP7ICO