Mainstream Perp DEX Overview: Hyperliquid's Total Value Locked Surpasses $10 Billion, Reaching a New All-Time High with Traditional Assets Accounting for 29%
**Perp DEX Market Update (June 1)**
Per DefiLlama data, the on-chain perpetual decentralized exchange (perp DEX) market saw subdued trading volume over the recent weekend. A combination of surging on-chain equities trading activity and a sharp spike in the HYPE token’s value has driven a continuous rise in Hyperliquid’s total value locked (TVL), pushing its TVL past the $10 billion mark today – marking a new high since the October 11 flash crash. Under HIP-3, the ecosystem’s share of traditional assets now stands at 29.3%.
Below are the top perp DEX platforms ranked by 24-hour trading volume, with key metrics:
1. **Hyperliquid (Join here: https://app.hyperliquid.xyz/join/NTOD)**: ~$3.95 billion in 24h trading volume; open interest (OI) of $10.09 billion
2. **TradeXYZ**: ~$430 million in 24h trading volume; OI of $2.84 billion
3. **ApeX**: ~$1.56 billion in 24h trading volume; OI of $128 million
4. **Aster (Refer here: https://www.asterdex.com/zh-CN/referral/aboter)**: ~$1.
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Binance's US stock trading service adopts the "Introduction Broker + Clearing Broker" model, with Nest Trading responsible for order routing and Alpaca handling trade execution, clearing, settlement, and asset custody.
As of June 1st, Binance released an official statement noting that when users trade stocks on its platform, their orders are referred by Introducing Broker (IB) Nest Trading Limited and sent to its clearing broker partner Alpaca Securities LLC for execution.
As outlined in the disclosure, Nest Trading Limited serves as the IB in Binance’s stock brokerage system, handling client onboarding, order routing, and securities business coordination. It does not hold client securities assets directly, nor is it responsible for trade execution or clearing and settlement—acting instead as a bridge between the front-end platform and licensed securities firms. Its core duties are limited to client services, order referrals, and brokerage coordination.
By contrast, partner Alpaca Securities LLC is a licensed U.S. securities broker responsible for core functions including stock trade execution, clearing, settlement, and asset custody. The statement adds that user-held securities assets, dividend pa
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Binance US Stock Comparison: 7000+ Assets Far Surpassing Crypto, Still Lagging Behind Webull and Tiger Brokers
June 1 – Per BlockBeats statistics, Binance US Stock Trading currently supports trading for more than 7,000 U.S. stocks and ETFs. This number is vastly higher than its 1,383 cryptocurrency trading pairs, yet it still falls short of offerings from competing platforms: Tiger provides over 9,000 securities, Interactive Brokers has more than 10,000, and Futu offers 14,000+.
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Binance: Securities Lending Service (FPSL) to Launch on June 4th
**Binance Launches Fully Paid Securities Lending (FPSL) Service on June 4, 2026**
On June 1, Binance announced via social media that its Fully Paid Securities Lending (FPSL) service will officially go live on June 4, 2026.
This feature allows users to lend out their fully paid, eligible securities assets to other market participants, generating supplementary income through the lending process.
FPSL is a widely used securities lending mechanism in traditional financial markets. Typically, brokers or custodians act as intermediaries to connect lenders—investors holding unused securities—with borrowing institutions, which need these assets for purposes like short selling, arbitrage trading, or market making operations.
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Binance US Stock Trading Reveals Its "True Colors": 24/5 Trading, Zero Commission, Automatic Dividend Payouts, Support for Securities Lending
June 1 update: According to Binance’s official U.S. stock trading portal, the new trading segment lets users purchase U.S. stock assets using supported crypto assets including FDUSD, DSDT, USDC, BNB, and U. The platform offers 24-hour U.S. stock trading Monday through Friday.
Currently, Binance supports trading for over 8,000 U.S. stocks, covering blue-chip stocks, ETFs, small-cap stocks, and more. Trades come with $0 commission, though standard platform fees do apply. The platform also provides 100% automatic dividend distribution: all dividends earned from holdings are deposited directly into users’ accounts.
Additionally, this new segment supports stock borrowing, allowing users to earn passive income by lending out their stock assets.
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