Hyperliquid's May perpetual contract trading volume hit a record high, accounting for 6.63% of global CEX volume

According to Odaily Planet Daily, as monitored by Karthik Subramanian, Hyperliquid's perpetual contract trading volume accounted for 6.63% of the total global centralized exchange (CEX) perpetual contract volume in May, reaching an all-time high. At the same time, the platform's trading volume reached 14.4% of Binance's. Data shows that developer-deployed markets supported by the HIP-3 framework (a framework for deploying new perpetual contract markets on the platform) generated over $62 billion in monthly trading volume in May. Currently, global perpetual contract activity remains dominated by centralized exchanges such as Binance, OKX, Bybit, and Bitget, with Binance still maintaining its leading position in this sector. (financefeeds)