According to the CoinGlass report, in the first quarter of 2026, total crypto derivatives trading reached 18.6 trillion dollars while spot trading remained at 1.94 trillion dollars. Binance maintained its leadership with 4.9 trillion dollars in derivatives volume and captured 35% share among the top 10 exchanges. In the spot market, it had a 34% share with 640 billion dollars in volume. The exchange’s dominance continued despite the controversies in the quarter; figures like OKX founder Star Xu accused Binance in the October 2025 liquidation, but the exchange attributed it to macroeconomic factors.
Source: CoinGlass
Binance Dominance and Hyperliquid’s Rise
Decentralized perpetual futures exchange Hyperliquid entered the top 10 derivatives exchanges with 492.7 billion dollars in volume. The platform ranked among competitors like Binance, OKX, and Bybit. Perp DEXs had tripled their volumes in 2025 and continue to grow in the sector. This success highlights Hyperliquid’s token HYPE in connection with the detailed HYPE analysis.
Critical Support and Resistance Levels for HYPE
HYPE is currently trading at the 35.93$ level (+3.22% 24h), with RSI at 45.90 in a sideways trend. Although Supertrend gives a bearish signal, strong supports are present:
- S1: 34.84$ (94/100 ⭐, -2.17%, Fibo 0.382, BB Lower)
- S2: 32.68$ (67/100 ⭐, -8.24%)
Resistances:
- R1: 36.82$ (82/100 ⭐, +3.40%, POC, Ichimoku Senkou A)
- R2: 38.73$ (79/100 ⭐, +8.77%)
EMA 20: 37.10$. Investors should monitor these levels for HYPE futures. For detailed charts, see HYPE spot analysis.
Frequently Asked Questions About HYPE and the Derivatives Market
How did Hyperliquid enter the top 10?
Thanks to perp DEX growth with 492.7 billion $ volume; volume increased x3 in 2025.
Why is Binance’s share high?
35% in derivatives, 34% in spot; leader despite controversies.
Which direction will HYPE price go?
RSI neutral, S1 strong support; breaking R1 carries upside potential.
Source: https://en.coinotag.com/q1-2026-crypto-derivatives-volume-186t-hyperliquid-top-10
