24m of the volume on US equities (Hyperliquid) is processed on Based.
gBased.
On its first day, Hyperliquid and @tradeperps facilitated 7x more volume on US equities than @OstiumLabs @Aster_DEX and @VestExchange combined
$35M 24hr vol vs $5M 24hr vol (combined!)
This is a result of the CLOB design, the distribution, and reputation that Hyperliquid has. MMs can perfectly express their risk for equities on a CLOB vs AMMs like @OstiumLabs. Other on-chain CLOBs haven't been able to accomplish equity adoption yet because they frankly don't have the reputation and distribution that Hyperliquid does. If you want to centrally list equities and try to grow market adoption from a single point, be my guest.
Instead, on Hyperliquid, builders and market deployers will work tirelessly to grow the pie and dominate liquidity for on-chain equities
4K
70
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.