Hyperliquid Breaks Through $248B in Monthly Perpetual Volume: A Year of Explosive Growth

Hyperliquid achieved a significant milestone, surpassing the $248 billion mark in May perpetual volume, representing a remarkable 51.5% increase from April’s figures. This explosive growth marks an 843% year-over-year surge compared to last May’s $26.3 billion volume. The platform’s native token HYPE also saw notable gains, trading at $34.78 after briefly touching $34.94, with a market capitalization of $11.61 billion and a circulating supply of 333.92 million tokens.