”Derivatives DEX gale force”… Hyper Liquid surges 116% in one month

Hyperliquid, a derivatives-specialized DEX (decentralized exchange) that combines the convenience of a centralized exchange with the transparency of decentralization, has seen a 116% increase in trading volume in the past month.
HyperLiquid is a fully on-chain derivatives trading platform built on a high-performance Layer 1 blockchain.
It is a platform that has the advantages of fast transaction processing speed, a user-friendly interface, and a transparent operating structure. It complements the limitations of existing DeFi platforms.
HyperLiquid is the first to implement central limit order (CLOB) derivatives trading in a fully on-chain environment.
This is one example. Based on the HyperBFT consensus engine that can process hundreds of thousands of orders per second, the transaction completion speed is less than one second, providing users with a trading environment with no gas fees.
Currently, the platform offers advanced derivatives such as up to 50x leverage, low trading fees (0.01% for makers, 0.035% for takers), and an automatic asset liquidation system.
It also provides interactive functions and has built an HLP liquidity pool and revenue sharing system that can be used in the DeFi space.
According to Crypto Asset Data, the HYPE token will start at around $18 in mid-April 2025 and is currently trading at
Currently at $38.96, it has risen by about 116% in one month, and its market capitalization has exceeded $13 billion, making it one of the top derivatives-related DeFi tokens.
Experts say the reasons behind Hyper Liquid's sudden rise are: ▲ Increased inflow of users due to the growth of the platform ▲ Technological differentiation in the derivatives market
▲ Fast and cheap trading environment. Hyper Liquid currently accounts for 70% of the world's derivatives DEX trading volume.
It accounts for more than $400 million in daily trading volume, and its daily trading volume exceeds $400 million. In particular, it shows a similar price movement to the rising pattern of Solana, and is at the same level as the DeFi boom in 2021.
Some say that this is a structural expansion of the cryptocurrency. Hyper Liquid plans to distribute 75% of all HYPE tokens to users through a large-scale community airdrop in 2024.
It also ensures a decentralized governance structure.