Perp Volumes

* Market share is defined as Hyperliquid's perpetual volumes divided by the global volume, which includes all exchanges as well as Hyperliquid itself. You can directly compare Hyperliquid's market share against a centralized exchange in the second chart, which uses the same methodology.

Open Interest

* Market share is defined as Hyperliquid's open interest divided by the global open interest, which includes all exchanges as well as Hyperliquid itself. You can directly compare Hyperliquid's market share against a centralized exchange in the second chart, which uses the same methodology.