TechFlow news, April 18 — According to The Block, Hyperliquid, a decentralized perpetual contracts protocol, has recently captured around 70% market share, a significant increase from early 2024. Data shows that Hyperliquid's trading volume reached $175 billion in March and had already processed $83 billion in the first half of April, approximately 10% of Binance’s volume during the same period. This growth trend reflects rising user preference for on-chain derivatives platforms, with the current market exhibiting a concentrated, winner-takes-most landscape.
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