Hyperliquid DEX Outperforms Top Crypto Exchanges
Hyperliquid maintained zero downtime and stable performance under record traffic, outperforming top crypto exchanges like Binance, Coinbase, and Robinhood.
A recent crypto market crash caused major congestion at centralized exchanges, with order books flooding. However, Hyperliquid, a decentralized exchange (DEX), handled the market volatility with zero downtime.
- Over 1.6 million traders were liquidated in a flash.
- Liquidation value soared to $19 billion.
- The crypto market crashed, wiping out $670 billion of investors’ wealth in a single day.
The market volatility was a litmus test for centralized and decentralized exchanges (DEX) alike.
Hyperliquid's performance could trigger a faster shift for DEX users following the biggest crypto market correction since the FTX crash in November 2022.
Author's summary: Hyperliquid DEX outperforms top crypto exchanges with zero downtime.