•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Hyperliquid’s onchain perpetuals business reached a symbolic inflection point after onchain analytics firm Artemis reported that the decentralized venue surpassed Coinbase in notional trading volume. The milestone suggests that onchain perps are attracting more than experimental activity, drawing meaningful trading flow away from centralized exchanges.
Artemis reported the following notional trading volumes:
Artemis characterized the crossover as a turning point for onchain derivatives markets, noting that traders are routing more activity into high-speed onchain venues with visible settlement.
The report frames the shift as evidence of growing momentum for onchain derivatives, with Hyperliquid’s volume nearly double Coinbase’s. Artemis also linked the change to the operational advantages of onchain trading, including settlement transparency.
The source also included year-to-date price performance figures:
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
