[Hyperliquid's Perp DEX Market Share Rises to 64%] According to a report by Jinse Finance, on April 3, Delphi Digital posted on X stating that by the end of 2025, competition in the Perp DEX space had fully erupted, causing Hyperliquid's market share to be halved. Subsequently, thanks to market expansion into new areas such as commodities and stock perpetual contracts, its share rebounded to 64%. Currently, the trading volume contributed by HIP-3 accounts for more than 30% of Hyperliquid's total trading volume.