Hyperliquid Surges to 80% Dominance in Perpetual DEX Market Within a Year

Hyperliquid has rapidly ascended to become the dominant force in the decentralized perpetual futures market, capturing an estimated 80% of the sector within just over a year. This remarkable growth, achieved by a lean, self-funded team, has positioned the platform to handle daily trading volumes comparable to major centralized exchanges, raising both excitement and concerns about its long-term sustainability.