The cumulative transaction volume of on chain perpetual contracts has exceeded $15 trillion, and Hyperliquid leads the market share

CryptoRank data shows that the cumulative trading volume of on chain perpetual contracts has exceeded $15 trillion. From 2024 to 2025, the transaction volume will increase by 200%, and Hyperliquid and other perpetual DEX will drive the expansion of the on chain perpetual contract market. Since January 2026, Hyperliquid has accounted for 30% of the total transaction volume.