Perp DEX: Quiet Markets Lift Hyperliquid and Aster

Perp DEX remains the only crypto sector still posting rapid volume growth. Hyperliquid and Aster lead on scale and brand recognition while most rivals lag. The current low-volatility environment actually helps these platforms because traders shift to leveraged perpetuals when spot BTC moves sideways. Historical data from the past six months shows perp volumes rising even as overall market turnover contracts, confirming the sector’s resilience.