●Hyperliquid records daily net inflows exceeding $50 million.
●Despite the daily spike, medium-term flows over 7 days to 3 months remain negative.
●The data suggests fierce competition among perpetual DEX platforms is impacting sustained market share.
Market data indicates that the daily netflow for the Hyperliquid platform has surpassed the $50 million threshold. This milestone reflects significant capital movement within the protocol, marking a notable event less than a year after its public launch.
However, deeper on-chain analysis reveals a contrasting trend. Despite this short-term spike in daily inflows, net flows over the 7-day, 1-month, and 3-month periods remain negative. Observers suggest this discrepancy points to intense competition from emerging perpetual DEXs, which may be impacting Hyperliquid's sustained market share despite the recent influx.
[Update 1] Added context regarding negative medium-term flows (7D, 1M, 3M) despite the daily spike, highlighting competitive pressures.