Hyperliquid continues to dominate the perpetual futures market, recording weekly trading volumes between $40 billion and $100 billion. Despite new competitors entering the space, the platform remains the most active perps trading venue, according to industry data.

Its growth is also being fueled by increasing adoption in both crypto and traditional finance, particularly for 24/7 trading of tokenized assets like commodities. While rivals such as Aster and edgeX are gaining traction, Hyperliquid still commands a significant share of the market.