ChainCatcher news, reported by The Block, Hyperliquid airdropped 310 million fully unlocked tokens to users who earned points trading on the platform, causing its HYPE token price to soar, with a market capitalization surpassing the lending platform Aave.

According to data from The Block, Hyperliquid accounted for nearly half of the trading volume on decentralized perpetual contract platforms yesterday, reaching 47%. Meanwhile, its biggest competitor Synfutures saw a 30% drop in trading volume from Friday, November 29 to Saturday, November 30, while Hyperliquid's volume decreased by 10%.