Perp DEXs are evolving rapidly, but the question is: is this growth fueled by real trading performance or just profit-sharing mechanics? đ€
Hyperliquid is leading the charge, pulling in $117M in October fees â all redistributed to $HYPE holders via buybacks. đ„
That gives it a clear edge over competitors like Aster and dYdX, where incentives largely stay within the protocol and donât directly reward holders.
#Hyperliquid #HYPE #PerpDEX #DeFi #CryptoRewards #Altcoins #YieldStrategy