🔥Hyperliquid is currently leading the decentralized perpetual trading market (DeFi perp), accounting for 80% of the market share in this sector. Since November 2024, the platform's market share has more than doubled, indicating a trend of more and more traders moving away from centralized exchanges in search of decentralized solutions with benefits such as: self-custody of assets, no KYC required, and reduced counterparty risk.

However, compared to the entire perpetual trading market, Hyperliquid still has a lot of room for growth. In the most recent month, the platform processed $165 billion in trades, which is only about 9% compared to Binance's $1.7 trillion.

Another notable point is that Hyperliquid has not raised funds from venture capital (VC) firms, but has developed independently from the beginning. This results in their token having a more balanced distribution model, reducing concerns about VCs dumping after token unlock.

The rapid development of Hyperliquid is not only a sign of personal success but also indicates that the derivatives infrastructure in DeFi is maturing, ready to compete both in liquidity and user experience with centralized exchanges. As regulatory scrutiny of centralized exchanges becomes stricter, platforms like Hyperliquid may attract more new users.