Data compiled by Woofun AI shows that Hyperliquid has secured an 8.4% share of the global perpetual futures contract market based on open interest, establishing a new historical peak. This metric encompasses competition from leading centralized venues including Binance, Bybit, and OKX, highlighting a significant shift in liquidity distribution toward decentralized infrastructure.

Meanwhile, the native HYPE token appreciated 3.09% over the past 24 hours, trading at $70.98. This price action correlates with the platform's expanding market dominance, suggesting that traders are increasingly favoring Hyperliquid's execution environment for derivatives exposure.