🔥Hyperliquid is silently moving forward - Should CEX be worried?

Moving forward here does not mean the price of $HYPE returning to the peak of $50, but rather an increase in market share - closely following Binance.

You heard it right, a Perp DEX exchange is "competing" with the world’s top exchange, Binance.

The numbers speak for themselves:

- July's trading volume reached an ATH of $320 billion, which is 12% of Binance's market share ($2.68 trillion).

- On August 14, 2025, Hyperliquid achieved its highest trading volume ever with $27 billion, accounting for 19.2% of Binance's market share ($140 billion).

- Also on the 14th, the total value of open positions on Hyperliquid was $15.2 billion, which is 34% of Binance's market share ($446 trillion).

Despite:

- The majority of TVL is in Vaults providing liquidity for Hyperliquid, and only about $95 million belongs to traders.

- A small amount of money but large trading volume means they are using high leverage.

👉Although in terms of trading volume, Hyperliquid shows superiority over the DEX industry and is about to catch up with CEX.

👉However, in terms of asset quantity and user aspects, Hyperliquid still has a long way to go.

Still, for a DEX like Hyperliquid to achieve results:

- More than 622 thousand users

- $2.3 trillion in trading volume

- Generated over $450 million in revenue in less than 8 months.

That is already a great success.

Could HyperliquidX overthrow Binance with $@CZ in hand?

> Read the full article: https://x.com/huysuthat/status/1956704805470289938

> Read about whether to invest in this project or not: https://x.com/huysuthat/status/1925909478374822141