ChainCatcher message, according to data from DefiLlama, the cumulative trading volume of HyperLiquid's perpetual contracts has risen to over $50 billion, growing 15 times so far this year. The platform's average daily trading volume over the past 7 days has exceeded $5 billion, accounting for over 45% of the total activity in the on-chain perpetual contract market in the past 24 hours.

Since Monday, the cumulative trading volume of Ethereum perpetual contracts has reached $7 billion, 18% higher than Bitcoin's $5.94 billion.