DeFi’s Volume Shift: How Perp DEXs Pulled Liquidity On-Chain episode artwork

EPISODE · Jan 14, 2026 · 2 MIN

DeFi’s Volume Shift: How Perp DEXs Pulled Liquidity On-Chain

from alpha un# podcast · host Sri Misra

Perp DEXs have become the catalyst pushing crypto volumes on-chain.Host Sri Misra speaks with Jakob Palmstierna, President of GSR, to unpack Hyperliquid’s rise, DEX vs. CEX dynamics, and the challenge of building liquidity on decentralized venues. Why traders are choosing certainty of execution over ideology and what it means for LPs.Actionable insights for builders, traders, and market makers.Full episode at: unhashed.co/jakob

Episode metadata supplied by the publisher feed · Published Jan 14, 2026

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DeFi’s Volume Shift: How Perp DEXs Pulled Liquidity On-Chain

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