Mobile trading is on the rise. The global investment apps size is expected to be worth around $254.9 billion by 2033, growing at a CAGR of 19.1% with mobile trading apps dominating the market:

Cypto wallet app usage has risen massively in the past five years:

CEXs are still dominating market share (e.g., Binance alone has over 250 million users) in large part because they are still much more user friendly. They do a good job at hiding crypto’s complexity behind polished web and mobile apps with ultra-fast execution and advanced trading features. But, DEXs like Hyperliquid are starting to close that gap.

With CEXs, users must sacrifice custody and discover counterparty risk the hard way (FTX being the most dramatic example). Self-custodial crypto wallet apps so far have fixed custody but not convenience and usability: they don’t offer onchain order books, advanced trading features, or low-latency execution and their UX on both desktop and mobile is notoriously bad (e.g., dapp connectivity issues; switching back and forth between browser-based dapps and wallet). Hyperliquid’s PWA delivers a fast trading experience, but ordinary users face friction due to unfamiliarity with PWAs, limited discoverability without official app store distribution, and reduced device feature access compared to native apps. As such, existing solutions can’t compete with a mobile app like Binance’s. 

Dexari is bridging the gap by offering an all-in-one native iOS/Android crypto wallet app with a CEX-like perps and spot trading experience enabled by Hyperliquid.

Being built directly on Hyperliquid gives Dexari a compelling edge to outshine competitors in the crypto wallet app space. Hyperliquid’s L1 architecture (HyperCore + HyperEVM) gives Dexari CEX-like speed, access to native deep order books, and the capacity to directly integrate any app in the HyperEVM ecosystem – not to mention Hyperliquid’s distribution with a user base nearing 500K.

In sum, Hyperliquid’s vertically optimized HyperCore base plus horizontally extensible HyperEVM give Dexari a competitive advantage when it comes to speed, scalability, and flexibility, in addition to tapping into Hyperliquid’s established network effects and deep liquidity. Dexari taps directly into the accounts and order books on HyperCore without requiring bridging or fracturing liquidity. Those order books are currently handling over 70% of all onchain perps volume:

With Hyperliquid averaging ~$8.3b in volume daily, it is the first and only perp DEX to seriously challenge the entrenched incumbents. In June, Hyperliquid reached over 90% of OKX’s open interest and over 27% of Binance’s.

More fun stats:

• Hyperliquid cumulative perps volume has risen from ~$230 billion to >$1.67 trillion YoY

• Hyperliquid TVL currently at ~$3.65 billion in its Arbitrum bridge contract alone; ~$1.23 billion in HyperEVM DeFi

• Global cumulative perps volume has grown from rapidly from ~$1 billion four years ago to >$6 trillion today

Dexari’s beta launched in February 2025 alongside HyperEVM. Roughly 50,000 users joined the waitlist ahead of launch, with ~1,000 beta invites distributed in the first weeks and most invites now fully rolled out. Early user activity is strong: within the first month, ~10% of new accounts traded over $10,000. Today, around one-third of all accounts exceed $10,000 in monthly volume, and the top 3% are trading over $100,000!

Dexari is designed around a secure multichain wallet setup powered by Turnkey, enabling self-custody with flexible recovery options. The MVP and post-MVP product roadmap includes back up access via hardware wallet and passkey, reducing onboarding friction for both crypto-native and mainstream audiences. The wallet already supports multichain deposits and balance aggregation across Arbitrum, Optimism, Base, BNB Chain, and Ethereum, with native USDC bridging into Hyperliquid. The team is also working towards full HyperEVM support, as well as support for Bitcoin and Solana networks.

While Dexari’s initial focus is on perfecting the mobile UX trading experience on HyperCore spot/perps, the team is building toward a comprehensive DeFi super app, with the following features on the roadmap:

• Fiat onramps: deposit via card, bank transfer, Apple Pay, Google Pay, Venmo, etc.

• Investment strategies: DCA, TP/SL, and early access to new tokens

• Borrowing: use crypto as collateral to borrow instantly

• Yield: earn auto-compounding yields on crypto and stablecoins

• Dapp explorer: search and connect to emerging dApps

• Dexari Card: spend directly from self-custodied funds

Dexari’s vision is to deliver a unified, mobile-first DeFi experience that combines institutional-grade trading tools with mass-market accessibility. While they initially target pro traders wanting advanced charting, custom order types, and real-time price data on their phones, the bigger vision is to become the Binance App of DeFi. 

Speculation has long been one of the most prominent and enduring use cases in the crypto industry, with perps standing out as the definitive products that channels this demand at scale. Perps/spot volumes continue to rise, with perps now account for the overwhelming majority of trading volume in crypto (as much as 85-90% of total trading volumes).

DEXs are starting to reach a level of usability, speed, and liquidity that rivals CEXs for the first time. Hyperliquid is leading the charge, but the missing piece is mobile. The shift to mobile is the obvious next step in expanding self-custodial trading to a broader consumer base.

With Hyperliquid’s core team focused exclusively on developing its infrastructure – and deliberately leaving mobile distribution to ecosystem builders – the door is wide open for a first-mover. No official Hyperliquid app exists, despite rapidly growing demand from both existing Hyperliquid power users and new entrants. Dexari is positioned to become the default mobile gateway to both Hyperliquid perps and the burgeoning HyperEVM ecosystem: the team’s Binance.US veterans Chuck and Zac bring deep expertise in ecosystem growth, consumer product, and execution-focused mobile UX, while Samuel brings a wealth of experience in blockchain infra development as the former co-founder and CTO of Tatum.

In short, Dexari is a bet on the continued growth of Perps + Hyperliquid + Mobile. We expect continued migration from custodial exchanges to Hyperliquid over the coming years, with rapidly growing demand from pro users, new Hyperliquid traders, and crypto-curious normies alike. HyperCore delivers the latency and liquidity while HyperEVM provides the extensibility to enable a fully fledged DeFi super app (imagine the Robinhood of crypto). Dexari wraps both in a consumer-grade native mobile app already showing strong traction and margins.

Special thanks to Chuck and Xulian for the useful feedback!

Disclaimer

This article is prepared for general information purposes only. This post reflects the current views of its authors only and is not made on behalf of Lemniscap or its affiliates and does not necessarily reflect the opinions of Lemniscap, its affiliates or individuals. The opinions herein may be subject to change without this article being updated.

This article does not constitute investment advice, legal or regulatory advice, investment recommendation, or any solicitation to buy, sell or make any investment. This post should not be used to evaluate the making of any investment decision, and should not be relied upon for legal, compliance, regulatory or other advice, investment recommendations, tax advice or any other similar matters.

All liability in connection with this article, its content, and any related services and products and your use thereof, including, without limitation, the implied warranties of merchantability, fitness for a particular purpose, and non-infringement is disclaimed. No warranty, endorsement, guarantee, assumption of responsibility or similar is made in respect of any product, service, protocol described herein.