Hyperliquid hits record share of global perps market as HIP-3 tops $62 billion monthly volume

Hyperliquid's share of monthly perpetual volume against all centralized exchanges reached 6.63% in May, its highest point ever. Against Binance specifically, the ratio reached a record high of 14.4%.

HIP-3, Hyperliquid’s builder-deployed perpetual framework, has been the engine behind this growth, posting over $62 billion in volume in May alone and $3 billion in open interest at the time of…