Hyperliquid Dominates DeFi Perpetuals Market, Capturing 80% Share

Hyperliquid has seized a dominant position in the decentralized perpetuals market for DeFi, achieving an impressive 80% market share and processing $248 billion in trading volume during May 2025. This significant rise reflects a structural shift toward decentralized platforms, attracting both institutional and individual traders who are drawn to Hyperliquid’s innovative tokenomics model.