I noticed something interesting in the decentralized futures market this week. While the overall market was slowing down, Hyperliquid continued to attract a very large trading volume — close to $5.18 billion over 24 hours, and the open interest reached $7.83 billion. This number alone indicates that many traders still prefer Hyperliquid even during quiet times.

What caught my attention even more is that TradeXYZ was experiencing a real increase in derivatives activity on traditional assets, rising about 13% compared to the end of the previous week. There seems to be a growing interest in decentralized futures in general. TradeXYZ's trading volume reached $1.69 billion and open interest was $2.1 billion.

After Hyperliquid and TradeXYZ, other platforms like Aster, EdgeX, and ApeX are still relatively far behind in terms of volume, but they maintain their market share. Aster has about $1.45 billion in daily trading, EdgeX with $1.24 billion, and ApeX with $1.06 billion. It seems the market is increasingly consolidating around major platforms like Hyperliquid.