Perpetuals, Liquidity, and the Rise of hyperliquid: A Trader’s Take
Whoa! Perpetuals have this strange gravity. They pull you in quick. My gut said perpetuals were just faster futures—simple leverage, click, boom—right? Hmm… not quite. Initially I thought they’d all converge around the same mechanics, but then I watched a few DEX-native designs start to behave very differently under stress, and somethin’ in me shifted.…






