perpetuals

Quarterly premium volume hit an all-time high as DeFi builders address past liquidity fragmentation, with options-linked tokens DRV and SYN posting strong gains.

ASTER rose on the back of a new perpetual trading competition offering $10,000 in rewards and an active staking epoch, though the move tracks the broader altcoin rally.

Hyperbot data shows 10 of 11 new whale positions over $1M are long ETH, with the largest single bet a 25,000 ETH long worth roughly $47.93M.

On-chain data shows 360 BTC wiped from the position; the remaining 1,440 BTC short faces a liquidation trigger at $65,041.72.

The meme token's 24-hour trading volume on Aster DEX reached $4.47M on listing day as the broader 牛来 market printed $73.7M in volume.

Evgeny Gaevoy named regulation and throughput as Hyperliquid's two biggest long-term risks in an Aug. 11 interview, as the platform pursues a U.S. regulatory pathway.

With $8B+ in open interest and zero gas fees, Hyperliquid is the leading candidate for autonomous AI agent liquidity—if its spot layer can match its perp depth.

The team cited shrinking market conditions and strategic direction, not financials; proceeds from any sale would be distributed pro rata to FAF token holders.

The on-chain perpetuals operator will reimburse eligible traders after an external price feed caused the SKHYNIX contract's mark price to fall nearly 19 percent on Hyperliquid.

The perpetuals exchange cited no viable commercial path, with trading stopping July 29 and its chain going dark Aug. 13.