<ul><li>Hyperliquid has surged past a major milestone by hitting $248 billion in perpetual volume for May, establishing itself as a top player in the perpetuals space.</li><li>The platform's yearly growth has exceeded 843%, with significant volume increase compared to the previous year.</li><li>Hyperliquid's market share relative to Binance's perpetual futures volume has reached a new high, indicating a shift towards onchain perps among traders.</li><li>The May performance of Hyperliquid suggests that traders are increasingly favoring onchain platforms for their speed and autonomy, potentially posing a challenge to centralized exchanges.</li></ul>

Hyperliquid Hits $248B in May Perp Volume, Surges Past Binance Milestone

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