Main notes
- HyperLeliquid has recorded an 843 % increase in permanent trading activity amid high -betting bets from merchants.
- If we judge through these records, it is clear that excessive hyperlooking the dominance of the Binance Market.
- However, the noise price does not reflect this positive feeling with its current downward expectations.
The higher futures trading platform on the HYPE trading platform is on its way to challenge Binance’s dominance in the trading scale. In May, HyperliID facilitated more than $ 248 billion in permanent trading activity, which represents a new rise (ATH) in the size of the monthly futures.
The liquid registry increased by 843 % on an annual basis in the volume of PERP
According to Report from the blockThe registered volume represents an increase of 51.5 % months, compared to $ 187.5 billion registered in April. I remember that Hyperleiid recorded only $ 26.3 billion in permanent trading volume in May 2024. Compared with $ 248 billion recorded in May, this is an annual increase by 843 %.
If we are judged through this explosive growth, the platform has placed itself as a dominant player in the vertical vertical. Within a year, Hyperlivied succeeded in mixing the row performance of the central exchange (CEX) with the original encryption bars. The monthly permanent volume between the platform and the Chex Banky currency was 10.54 %.
This is slightly higher than the peak in April 9.76 %. However, it has become difficult to ignore excessive liquid on the domination of Binance in the permanent future scene.
Miscellaneous, the increasing momentum of events against Binance is due to UX for the platform. This is also due to the Successful Airdrop Season 1 campaign. While UX Hyperliqid competes intensively with CEX functions and mitigating the risk of custody, the holders of season 2 points are greatly keen on merchants.
A week ago, the platform’s revenues increased significantly, as the likes of ETHEREUM (eTH), Solana (Sol) and BNB were exceeded. This was present when it was announced that the encryption dealer James Win took huge bets on the platform for three months, thus enhancing the network activity.
Even the total closed value (TVL) has multiplied more than 30 days to $ 1.46 billion. The partial liquidation mechanism of Hyperleliid, presented in March, played a major role in alleviating the effect of market fluctuations.
The noise has been placed for more price gains
Looking at many distinguished activities within the PERP trading platform, the original symbol, noise, was under the radar of investors. In May, its price was 75 % profit, making it one of the best cryptocurrencies. In the same month, Hype saw a huge leap in its open attention.
The OI scale moved from 8 billion dollars just two days ago from 9.2 billion dollars, at the time of increased business and major organizational participation. A large percentage of OI batch was attributed to BTC derivatives, which represents $ 4.2 billion, more than 40 % of the total platform.
Consequently, Hype ATH reached a new amount of $ 37.44, while its market ceiling increased from 12 billion dollars. At the time of writing this report, Noise For $ 33.65, the corresponding to the price decreased by 2.81 % over the past 24 hours. The market value decreased to $ 11.21 billion, while trading volume is 223.56 million dollars.
The height of the liquid has reached the highest new levels ever:
+ Open interest: 10.1 billion dollars
+ 24 hours fees: 5.6 million dollars
+ USDC TVL: $ 3.5 billionWelcome to all new members of the ecosystem. pic.twitter.com/aowvpringa
Hyperleliid (Hyperliquidx) May 26, 2025
Currently, it cannot be said that excessive infringement on the domination of Binance has positively affected prices.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
The post Hyperliquid Breaking Binance Dominance With $248 Billion Perp Volume In May first appeared on Investorempires.com.
