Onchain Perps Close Execution Gap With CEXs, Castle Labs Says

Crypto Insight Summary: Hyperliquid held as much resting liquidity as the median of Binance, Bybit and OKX on four of five crypto assets and cost less to trade, a Castle Labs study of live order books found. The gap that remains sits in how venues price stocks and commodities when the underlying market is closed. Crypto Insight Analysis: Direction: Bullish GT / Neutral BTC / Neutral ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Onchain perps closing gap with CEXs boosts platform tokens like GT, but broader market impact is limited.