Hyperliquid has taken a commanding lead in the decentralized derivatives space, holding a 58% market share in perpetual DEX trading over the last 30 days. The platform processed $245 billion in monthly trading volume, with open interest reaching as high as $13 billion. Beyond crypto-native assets, Hyperliquid has pushed into tokenized real-world assets (RWA); at times, its stock and commodity perpetual contracts have represented more than 50% of its trading volume. Launched in 2023, the exchange runs on a custom Layer 1 blockchain designed specifically for order book trading. It uses a central limit order book (CLOB) model that enables sub-second execution and low gas fees, appealing to active traders. Cumulative trading volume has reached approximately $2.9 trillion, and revenue has climbed into the hundreds of millions of dollars. The 58% share and $245 billion monthly volume illustrate the scale edge Hyperliquid currently holds in perp DEX trading. These figures underscore the platform's competitive strength in liquidity and execution quality, according to a report from CryptoBriefing first relayed by Techub News.
Hyperliquid, a decentralized derivatives platform, took 58% of the perpetual DEX market over the past 30 days, according to CryptoBriefing. A huge number. Monthly trading volume reached $245 billion, while open interest rose as high as $13 billion.
The platform has moved into tokenized real-world assets (RWA) too. At times, stock and commodity perpetual contracts accounted for more than half of total trading volume. Hyperliquid launched in 2023 and operates on a custom Layer 1 blockchain built for order-book trading. Its central limit order book (CLOB) model delivers sub-second execution and low gas fees.
Cumulative trading volume now sits around $2.9 trillion. And the company has generated hundreds of millions of dollars in revenue, giving it an advantage in liquidity and execution quality.
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