Hyperliquid's perpetual contract trading volume reached a record high of $248 billion in May According to The Block, the decentralized derivative protocol Hyperliquid's perpetual contract trading volume reached a record high of $248 billion in May, with a month on month increase of 51.5% and a surge of 843% compared to the same period in 2024. The monthly trading volume of this agreement accounted for 10.54% of the total amount of Binance perpetual contracts on the centralized exchange, setting a new record for the proportion for two consecutive months. Data shows that Hyperliquid attracts traders through its user experience close to CEX and Season 2 point incentive program, driving the continuous increase in DEX derivative market share. Since 2025, DEX perpetual contracts have accounted for an average of 6.7% of the global total, a significant increase from less than 2% in 2022. If the current trend continues, analysts predict that DEX's share may exceed 10% within the year.