Hyperliquid Surpasses $248 Billion in Trading Volume Last Month, Marking All-Time High

Doohyun Hwang

Summary

Hyperliquid’s trading volume in May hit an all-time high of $248 billion.
This trading volume soared by 51.5% month-over-month and 843% year-over-year.
The monthly perpetual trading volume ratio between Hyperliquid and Binance reached a record-breaking 10.54%.

The decentralized perpetual exchange Hyperliquid (HYPE) achieved a record-breaking monthly trading volume of $248 billion in May.

According to data from The Block on the 6th (local time), this represents a 51.5% increase compared to $187.5 billion in April. Year-on-year (compared to $26.3 billion the previous year), this marks a massive 843% surge. Notably, the monthly perpetual trading volume ratio between Hyperliquid and the global crypto exchange Binance skyrocketed to 10.54%, setting a new all-time high. This surpasses the previous peak of 9.76% set in April.

Meanwhile, the perpetual trading volume ratio of centralized exchanges (CEX) to all decentralized exchanges (DEX) also continues to rise. In May, this ratio stood at 6.84%. Though slightly below the all-time high of 7.06% recorded in February, it remains elevated.

HYPE