BlockBeats reported that on October 4, The Block reported that Hyperliquid has risen to the leading position in the trading volume of decentralized perpetual contract platforms. In the past few days, the daily trading volume of the Hyperliquid platform has exceeded that of other top decentralized derivatives platforms.

According to DeFiLlama, Hyperliquid’s trading volume yesterday was close to $1.39 billion, ahead of Jupiter’s $699 million, SynFututures’ $556 million, and dYdX’s $331 million.