**********Hyperliquid Dominance + ATH 252k Addrs + $92M BTC/ETH Short + RWA Expand/$3B+ Daily + GMX MegaETH/Binance PRL — OI/liq risks (Whales 5.529 Pos) vs Vols Plummet 5 Mo Low****
Key Questions
What milestone did Hyperliquid achieve in active addresses?
Hyperliquid hit an ATH of 252k active addresses on April 6, dominating with 33-34% of DEX volumes ($3B+ daily perps, $185B/30d). RWA trading continues to expand on the platform.
What is the whale positioning on Hyperliquid?
Whales hold 5.529 positions on Hyperliquid, with a stunning $92.4M BTC/ETH short by one whale sparking alerts. This amid OI at $68B and liq risks.
How have onchain perp DEX volumes trended?
Onchain perp DEX volumes plummeted for five straight months to $699B in March 2026, an 8-month low and down to $8.4B daily. DeFi trading cools despite Hyperliquid's gains.
What other perp DEX developments occurred?
GMX saw $363B vol on MegaETH; Binance listed PRL perps, testing liquidity above $10M vol and stable OI. Bitget EDGE funding noted amid vol crash.
What risks are associated with perp DEXs currently?
High OI/liq risks with whales' positions and shorts; volumes at 5-month lows signal cooling. Monitor OI, LP, heatmaps, and shorts for volatility.
Hyperliquid HYPE active addrs ATH 252k Apr6/33-34% DEX vols ($3B+ daily perps, $185B/30d, RWA trading)/whales 5.529 pos/$92.4M short/OI $68B liq risks but perp DEX vols crash 5 mo to $699B Mar'26 daily $8.4B low; GMX MegaETH $363B vol; Binance PRL/Bitget EDGE funding. Monitor OI/LP/heatmaps/shorts.