Hyperliquid has significantly expanded its presence in the decentralized derivatives market, now commanding approximately 80% of the perpetual contracts market share. The platform's trading volume ratio compared to Binance has increased to 13.6%, up from about 8% at the beginning of the year. Hyperliquid's total trading volume has surpassed $200 billion, with cross-chain deposits, including Bitcoin, cited as a key growth driver, enhancing its liquidity and user experience to rival centralized exchanges.