Data: Hyperliquid occupies nearly 70% of the on-chain perpetual contract market, with a trading volume of $175 billion in March

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According to ChainCatcher, citing The Block, the decentralized perpetual contract protocol Hyperliquid has recently reached a market share of nearly 70%, showing significant growth since the beginning of 2024.

Its trading volume reached $175 billion in March, and already $83 billion in the first half of April, with the protocol's trading volume approaching 10% of Binance's.

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