"Hyperliquid, trading volume 14% of Binance…Perpetual futures market share expands"

Source
JH Kim

Summary

  • "Hyperliquid"'s monthly trading volume was reported at 13.6% of "Binance".
  • It reported that the ratio was 8% at the start of this year, but that market share in perpetual futures trading has expanded in recent months.
  • It analyzed that Hyperliquid's influence within the perpetual futures market is gradually increasing.

On the 29th (local time), according to crypto media The Block, the monthly trading volume of the decentralized perpetual futures platform Hyperliquid (HYPE) has reached 13.6% of Binance, expanding its market share.

At the beginning of this year this ratio was only about 8%, but it is analyzed that Hyperliquid's influence in perpetual futures trading has been steadily growing over the past few months.

publisher img

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
What did you think of the article you just read?