Hyperliquid News Today: DEXs Break $1 Trillion Milestone, Fueling the Rise of Virtuals
- Virtuals Protocol (VIRTUAL) surged in October 2025 amid DeFi growth and rising on-chain derivatives demand, as decentralized perpetual exchanges (DEXs) hit $1T+ monthly trading volume. - Hyperliquid led the rally with $317B traded, while rivals like Aster and Astros expanded DEX infrastructure, pushing DEXs to 26% of crypto-derivatives market share. - Despite security risks (e.g., Bunni DEX’s $8.4M exploit), DeFi resilience persists, with tokens like Pump.fun (PUMP) and Jupiter’s JUP seeing TVL gains and
The
The boom in decentralized perpetual trading is being propelled by platforms that offer fast execution, deep liquidity, and easy access. Hyperliquid’s achievements have intensified competition, with other players like
Despite the positive outlook, the DeFi industry still faces challenges such as security flaws and unpredictable markets. Bunni DEX, built on
The expansion of decentralized perpetual trading is also being driven by both institutional and retail investments. For example, Jupiter’s
Although regulatory ambiguity and security threats remain ongoing concerns, current trends indicate that decentralized derivatives are set to remain a key driver of crypto sector innovation. The recent price rally of Virtuals mirrors a broader industry move toward autonomous on-chain ecosystems, where trading, lending, and staking are seamlessly integrated. As platforms such as Hyperliquid and Astros continue to grow, demand for interoperable solutions like Virtuals is expected to rise, further supporting its recent performance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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