Hyperliquid’s Perpetuals Dominate Market Share, HYPE Token Surges Amidst Growing Adoption

Hyperliquid has firmly established its dominance in the crypto perpetual trading market, capturing a staggering 70% of the total volume in recent months. This success is reflected in the platform’s record-breaking $175 billion trade volume across last month’s perpetual protocol transactions. The blockchain has become increasingly prominent, particularly since 2024, as its unique offerings have resonated with investors seeking decentralized derivatives trading solutions. Market analysis indicates that Hyperliquid currently holds a commanding position, exceeding even the second-largest platform by volume, Jupiter.