Hyperliquid Dominates 80% of Decentralized Perpetual Futures Market Amid Growth Concerns
Hyperliquid has seized an 80% market share in decentralized perpetual futures trading within just over a year, processing up to $30 billion daily—volumes rivaling top centralized exchanges. Its self-funded, 11-person team built a high-speed blockchain with fee-sharing incentives, outpacing VC-backed competitors.
Founder Jeff Yan's Quant trading background and capital-light approach fueled rapid adoption. But validator concentration, opaque governance, and reliance on sustained trading activity raise sustainability questions as the platform scales.