Smart Money Tracker Shows Growing Whale Exposure to HFDX Perp Markets

On-chain analytics platforms tracking perpetual DEX activity reveal an interesting pattern emerging across the sector: sophisticated capital is rotating into infrastructure-grade trading protocols at an accelerating pace. While Hyperliquid commands the lion’s share of attention with its $4+ billion TVL and Paradex offers zero-fee trading on Starknet, wallet-level data suggests experienced traders are increasingly looking [...]

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