Data: Hyperliquid occupies nearly 70% of the on-chain perpetual contract market, with a trading volume of 175 billion dollars in March

ChainCatcher news, according to The Block, the decentralized perpetual contract protocol Hyperliquid has recently reached a market share of nearly 70%, a significant increase compared to the beginning of 2024.

Its trading volume in March reached $175 billion, and in the first half of April, it has already reached $83 billion, with the protocol's trading volume approaching 10% of Binance.