Hyperliquid surges ahead in decentralized futures race as rivals fade

TL;DR:

Hyperliquid is consolidating its lead in on-chain derivatives, even as falling volumes elsewhere highlight the limits of incentive-driven growth.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence SOL price action and market sentiment in the near term.