Summary
- HyperLiquid (HYPE) is reported to hold a 70% share in the decentralized futures market.
- Recently, HyperLiquid's trading volume has expanded, recording $175 billion to $83 billion on a monthly basis.
- It was reported that there is increasing interest from investors in decentralized futures trading.
The on-chain market share of the decentralized futures exchange (DEX) HyperLiquid (HYPE) is approaching 70%.
On the 18th (local time), The Block reported, "HyperLiquid is exerting overwhelming dominance in the perpetual futures market," adding, "It has captured 70% of the decentralized futures exchange market share in recent weeks." It further stated, "There is growing interest from investors in decentralized futures trading."
According to The Block's data, HyperLiquid recorded a trading volume of $175 billion in March, and as of April, it stands at $83 billion. The media outlet evaluated, "HyperLiquid's trading volume is at 10% of the centralized exchange (CEX) Binance's futures trading volume," and "HyperLiquid and the on-chain perpetual futures trading market are gradually expanding."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
