Hyperliquid Captures All-Time High 6.63% Share of Global CEX Perps Volume in May

Hyperliquid achieved a new milestone in May, capturing a record 6.63% share of total global centralized exchange perpetual futures trading volume. The platform also reached a new high relative to Binance, with its volume equaling 14.4% of the exchange’s perpetual futures activity.

This growth was largely driven by Hyperliquid’s HIP-3 framework, which generated more than $62 billion in trading volume during the month and helped drive open interest to approximately $3 billion.

However, despite the strong monthly performance and record market share, the platform’s pure crypto perpetual futures volume declined compared with the same period last year, reflecting broader weakness across the digital asset market.

Source: The Block