The total trading volume of DEX has reached 1.5 trillion US dollars, and Hyperliquid's market share in Q4 exceeds 55%
According to a report titled "State of Crypto Perpetuals: 2024" recently released by CoinGecko, as of 2024, the annual total trading volume of the top ten centralized perpetual contract exchanges reached $58.5 trillion, doubling from 2023. The total volume of decentralized perpetual exchanges reached $1.5 trillion, with Hyperliquid occupying over 55% market share in Q4. Bitcoin accounted for about 45% of the open contracts on centralized platforms throughout the year and starting from November 2024, the total amount of open contracts broke through $100 billion for the first time, mainly boosted by market sentiment after Trump's election victory. The trading volume of Solana-related contracts surged multiple times within the year and was closely related to meme coin craze and celebrity token launch timings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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