Hyperliquid’s Dominance: Can $HYPE Price Continue to Rise?

DWF Ventures released an analysis on August 15, 2025, revealing Hyperliquid’s decentralized perpetual exchange has achieved a record-breaking 6.1% market share versus traditional exchanges (CEXs). This establishes Hyperliquid as a strong contender in the futures platform landscape. The report examines Hyperliquid’s rapid growth, from its early Arbitrum-based PerpDEX beginnings to the launch of its own Layer 1 chain, HyperEVM, and the $HYPE token airdrop, which significantly accelerated adoption. This airdrop directly contributed to Hyperliquid’s sustained high user engagement.