The cryptocurrency exchange dYdX has announced the listing of several new tokens including $PI, $HYPE, and $SSV, which are now available for trading. The listings are part of a broader trend in the decentralized finance (DeFi) space, with Hyperliquid gaining notable traction. Hyperliquid has achieved over $1.1 billion in annualized revenue and commands a 62% market share in perpetual swaps, recently recording 18% of Binance's perpetual volume, marking an all-time high. Additionally, SonicLabs has seen a surge in transaction activity, reaching a daily peak of 1.38 million transactions on February 21, with cumulative transactions surpassing 30 million. The Sonic chain, launched in December, is also running a rewards program with 1.75 million $S tokens distributed for trading. Meanwhile, the 0xfluid DEX has captured 28% of the Ethereum market share, demonstrating rapid growth and overtaking Curve in trading volume. Overall, these developments highlight the increasing competition and innovation within the DeFi sector.