RootData Stock Derivatives Exchange Ranking Hyperliquid Records Highest Spread Among Top 10 at 0.24%; Binance Market Share Rises to 50.19%
As of July 29, according to RootData's stock derivatives exchange ranking, Binance, Hyperliquid, and OKX occupy the top three positions. The ranking evaluates platforms based on trading volume, open interest, spreads, market depth, trading costs, and data accessibility.
🔸Binance: Score 95.5 | Open interest ~$3.19B | 24h volume ~$30.96B | Market share 50.19%
🔸Hyperliquid: Score 94.8 | Open interest ~$1.88B | 24h volume ~$7.82B | Market share 12.68%
🔸OKX: Score 92.7 | Open interest ~$540M | 24h volume ~$7.28B | Market share 11.80%
Binance, Hyperliquid, and OKX together account for 74.67% of trading volume, while the top five platforms hold a combined 82.70% share, further compressing liquidity for mid- and smaller-sized exchanges. Notably, Hyperliquid records the highest spread among the top 10 exchanges, resulting in significantly higher entry costs compared with other leading platforms.
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