According to Wu Blockchain, DeFiLlama posted that despite a decline in perpetual contract trading volume compared to earlier this year, Hyperliquid still maintains its leading position in the on-chain perpetual contract market, with monthly trading volume at least twice that of the second-largest chain. DeFiLlama charts show that Solana rose to become the second-largest chain by perpetual contract trading volume in May, with a market share exceeding 10%.