Hyperliquid dominates decentralized perpetual market with $240 billion in 30-day volume

Hyperliquid has significantly outperformed its competitors in the decentralized perpetual futures market, recording approximately $240 billion in volume over the last 30 days according to CryptoRank. This figure exceeds the combined volume of its top five rivals, including Arbitrum ($47.2 billion), Solana ($46 billion), Lighter ($45.6 billion), Ethereum ($44.9 billion), and edgeX ($42.3 billion). The platform's fee revenue supports HYPE token buybacks through its Assistance Fund, a process enhanced by the HIP-3 proposal.