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Hyperliquid matched CEX resting liquidity on most crypto assets
A Castle Labs study of live order books found Hyperliquid had resting liquidity comparable to the median of Binance, Bybit and OKX on four of five crypto assets, with lower trading costs.
Hyperliquid matched the median resting liquidity across major crypto exchanges on most assets, according to a Castle Labs study that examined live order books. The study found Hyperliquid held as much resting liquidity as the median of Binance, Bybit and OKX on four of five crypto assets.
The same research also found Hyperliquid generally cost less to trade than those exchanges. It said the remaining execution gap is less about liquidity levels and more about how trading venues price stocks and commodities when the underlying market is closed.