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 congestion at centralized exchanges, with order books flooding. However, Hyperliquid, a decentralized exchange (DEX), handled the market volatility with zero downtime.
- Binance and Coinbase experienced major congestion during the crash.
- Hyperliquid's performance could trigger a faster shift to DEX users following the biggest crypto market correction since the FTX crash in November 2022.
The crypto market crashed, wiping out $670 billion of investors’ wealth in a single day, with over 1.6 million traders liquidated and a liquidation value of $19 billion.
This event was a litmus test for centralized and decentralized exchanges, where Hyperliquid outperformed top players like Coinbase, Binance, and Kraken.
Author's summary: Hyperliquid DEX outperforms top crypto exchanges with zero downtime.