Hyperliquid Dominates Perpetual Futures Market with 62% Share
Hyperliquid has emerged as the dominant player in the perpetual futures market, capturing 62% of trading volume over the past 24 hours. The platform processed over $10.8 billion in trades, with weekly volume exceeding $36.3 billion. Its open interest recently hit a record $4.9 billion, signaling strong liquidity and institutional interest.
The platform’s appeal lies in its high leverage options, rapid execution speeds, and competitive fee structure. Whale activity has been particularly notable, with large traders flocking to the exchange for its robust security and market depth. Hyperliquid’s technical infrastructure appears to be outpacing competitors in the decentralized derivatives space.