ETH L2 ZKFair’s first derivative DEX HyperionX’s first-day trading volume exceeded GMX

According to DefiLlama data, the derivatives trading platform HyperionX, which was first launched on ZKFair on February 2, had a daily trading volume of more than 85 million U.S. dollars. At 22:00 UTC, the trading volume exceeded GMX’s 24-hour trading volume by 1 million U.S. dollars. As of February 3, UTC time At three o'clock in the afternoon, the cumulative trading volume of HyperionX has exceeded 100 million US dollars, and its 24-hour trading volume ranks 15th in the DEX ranking of all-chain derivatives. This time HyperionX will be launched on ZKFair in the form of a low valuation 100% fair launch. It will be airdropped at a constant low valuation of US$1 million mainly through user interaction in transactions and LP provision. Compared with derivatives DEX, which usually have a market value of tens or hundreds of millions of dollars, HyperionX's current low market value pricing may be the main reason for the recent explosion in trading volume. As a complex DeFi platform, derivatives DEX has more complex product logic and usage thresholds than DeFi protocols such as spot and lending. However, the trading volume of derivatives in centralized exchanges is several times that of spot transactions. On-chain derivatives The track has great room for development. For ZKFair, an ETH second-layer network with fair launch as its core concept, the successful launch of complex DeFi such as HyperionX within its ecosystem indicates that the entire ZKF ecosystem is gradually improving and maturing.