DefiLlama.com, a prominent DeFi analytics platform, has announced the integration of Kinto's Hyperliquid onto its Perps Volume Dashboard. This development highlights the growing prominence of Hyperliquid, a decentralized perpetual futures exchange, and its strategic integration within Kinto's modular exchange platform. The announcement, shared by DefiLlama.com on social media, stated, "Now tracking @KintoXYZ Hyperliquid on our Perps Volume Dashboard."
KintoXYZ's platform is designed as a modular exchange, aiming to provide secure access to on-chain finance through its tailored blockchain and non-custodial smart wallet. This architecture allows users to trade a wide range of assets, with the tweet specifying "up to 75 assets with up to 50x leverage directly from their non-custodial Kinto smart wallet." Kinto seeks to blend the security and compliance standards of traditional finance with the decentralized nature of blockchain, offering a hybrid model that combines benefits of both centralized and decentralized exchanges.
Hyperliquid operates on its own high-performance Layer-1 blockchain, HyperEVM, distinguishing itself with a fully on-chain order book. This setup enables a CEX-like trading experience, characterized by high speed, low fees, and advanced features such as one-click trading. Hyperliquid supports over 100 assets for perpetual futures trading, with leverage options extending up to 50x, positions it as a significant player in the derivatives market.
The inclusion of Hyperliquid on DefiLlama's dashboard underscores its rapid growth and increasing market share in the decentralized perpetuals sector. Hyperliquid has seen substantial volume increases, with some reports indicating its Layer-1 blockchain has surpassed other major chains in 7-day fees. This tracking by DefiLlama provides enhanced transparency and visibility into Hyperliquid's trading volumes and overall activity, further solidifying its standing within the competitive DeFi landscape.