Is Solana Losing the Perps War? Trojan Picks Hyperliquid

Trojan has officially integrated Hyperliquid for perpetual futures (perps) trading, bypassing Solana-native perpetual exchanges. Perpetual futures are one of the largest sectors in crypto trading, generating billions in daily volume and open interest across Bitcoin, Ethereum, and altcoins. Hyperliquid has rapidly become a dominant player in the decentralized derivatives market, raising important questions about execution speed, liquidity depth, trading infrastructure, and Solana’s competitive position in the perps ecosystem. What does this mean for Solana DeFi? Can Solana-native perpetual exchanges compete on performance and liquidity? And how does this impact traders, market makers, and high-frequency strategies? In this clip, we break down the Trojan integration, the Hyperliquid vs Solana debate, and the broader implications for decentralized trading.