Institutional hedging activity in Bitcoin is becoming more visible on-chain, signaling a maturation of on-chain perpetuals. Rather than relying solely on centralized exchanges, institutions are increasingly turning to decentralized perpetual futures to hedge exposure, reflecting growing confidence in the on-chain infrastructure. Non-custodial protocols like HFDX are being developed to support professional hedging directly on-chain, illustrating the market’s shift toward on-chain risk management.
Bitcoin is trading around $71,576.25, down 5.95% in the last 24 hours, with on-chain liquidity and participation remaining robust. Bitcoin’s market capitalization stands at about $1.42 trillion, and daily trading volume reached roughly $84.13 billion, up more than 26%, underscoring active participation. As on-chain liquidity improves, decentralized perps are increasingly feasible alongside traditional trading infrastructure, marking a paradigm shift in hedging practices.
HFDX is a fully non-custodial perpetual futures protocol that settles on-chain, enabling institutions to hedge Bitcoin exposure directly against shared liquidity pools rather than traditional order books. The platform claims ultra-fast execution, with trades taking under 2 milliseconds, and it integrates TradingView-powered charts for real-time prices, indicators, and macro data. In addition to perpetuals, HFDX offers Liquidity Loan Note strategies to allocate capital to protocol liquidity and earn returns from trading and borrowing activity, strengthening liquidity depth with risk controls.
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