Hyperliquid Hits 14% of Binance’s Volume — A New Threat to BNB Derivatives

On September 16, COINOTAG reported that market sources indicate the decentralized derivatives platform Hyperliquid has reached a reported trading volume of approximately 14% relative to Binance. The figure, provided by industry data providers, functions as a comparative benchmark for throughput across centralized and decentralized execution venues.

Professionals assessing crypto market dynamics should interpret this volume ratio alongside metrics such as order-book liquidity, settlement finality and counterparty risk. As an empirical data point, the reported share offers operational insight for liquidity providers, institutional traders and risk managers monitoring decentralized derivatives market penetration without asserting causation or forecasting future outcomes.