According to @KookCapitalLLC, Hyperliquid’s daily perpetual futures trading volume rose from about $2 million pre-launch to about $6 million after Coinbase and Robinhood introduced their perps, a roughly 3x increase (source: @KookCapitalLLC on X, Aug 25, 2025). According to @KookCapitalLLC, this indicates the Coinbase and Robinhood perpetuals acted as customer education and acquisition funnels for Hyperliquid rather than reducing its flows (source: @KookCapitalLLC). According to @KookCapitalLLC, the volume change is the key datapoint for traders tracking DEX perp market share and liquidity shifts (source: @KookCapitalLLC).

According to @tradeparadex, the Badger Brawl trading competition on Paradex begins August 27 at 0 UTC and runs for four weeks across four weekly cycles. Source: Paradex Network (@tradeparadex), Aug 25, 2025. According to @tradeparadex, the total prize pool is up to 100,000 USDC and 400,000 XP, with weekly distributions of 25,000 USDC and 100,000 XP per cycle. Source: Paradex Network (@tradeparadex), Aug 25, 2025. According to @tradeparadex, eligibility is perps only and UI traders only, with no API or bots allowed. Source: Paradex Network (@tradeparadex), Aug 25, 2025.