The Block data shows that Hyperliquid's perpetual contract trading volume in May accounted for 6.63% of the total trading volume on global centralized exchanges, hitting a record high. Its share relative to Binance also reached a new high of 14.4%. The main driver of this growth is its HIP-3 framework, with a single-month trading volume in May exceeding $62 billion and open interest around $3 billion. However, the report noted that due to the overall downturn in the crypto market, Hyperliquid's pure crypto perpetual contract trading volume still saw a significant year-over-year decline. https://(wublock123.com)/news/hyperliquid-may-perps-market-share-record-hip-3-62b-volume-62172