Hyperliquid Gains Momentum, Captures 6% of Global Perpetual Futures Market

Hyperliquid, a decentralized exchange, has reached $200 billion in monthly volume, capturing nearly 6% of the global perpetual futures market. This growth occurred despite a decline in overall exchange volumes. The platform's 24/7 trading and expansion into non-crypto assets, such as commodities, have contributed to its success. If decentralized platforms continue to scale, they may compete with traditional derivatives markets, which have structural weaknesses such as settlement delays and limited market hours.