AFX Enters the Perp DEX Race Hyperliquid Already Leads, How is It Different?

Perpetual futures are right now crypto’s most active trading category. DefiLlama data showed $21.9 billion in perp DEX volume over 24 hours on July 3, 2026, with open interest across derivatives protocols at about $15.5 billion. But the market is dominated and defined by Hyperliquid. The exchange led the sector with about $250.5 billion in
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