Hyperliquid Surpasses $248 Billion in Trading Volume Last Month, Marking All-Time High
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.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀![[Today’s Key Economic & Crypto Calendar] US January Manufacturing PMI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Market] Bitcoin breaks below $76,000 as selloff shows no sign of easing](https://media.bloomingbit.io/PROD/news/0b328b54-f0e6-48fd-aeb0-687b3adede85.webp?w=250)
![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
