Hyperliquid's May perpetual contract trading volume hits a new all-time high, accounting for 6.63% of global CEX total

According to monitoring by Karthik Subramanian, Hyperliquid's perpetual contract trading volume reached 6.63% of the global centralized exchange (CEX) perpetual contract total trading volume in May, setting a new all-time high. Meanwhile, 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 continuing to lead in this sector. (financefeeds)