Tradexyz has nearly monopolized the HIP-3 builder layer on Hyperliquid, holding approximately $2.871 billion in open positions, which represents about 97% of the total $2.959 billion network open positions, according to Laevitas data. Other decentralized exchanges (DEXs) combined hold less than $88 million, with Dreamcash, HyENA, and Ventures accounting for $35 million, $22 million, and $19 million, respectively. Despite the emergence of a market for long-tail builder-built perpetual contracts on-chain, Tradexyz's dominance in capital volume remains overwhelming.