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Hyperliquid achieved a monthly trading volume of $248.29 billion in May, hitting an all-time high for the month.

BlockBeats News, June 1st, according to DeFiLlama data, decentralized derivatives exchange Hyperliquid Perp's trading volume reached $2482.95 billion in May, hitting a new all-time monthly high.


In addition, Hyperliquid captured $70.45 million in May through trading fees and Ticker auction fees, also setting a new all-time high.

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Hyperliquid's open interest and trading volume have continued to hit new highs. However, due to the HIP-3 fee-sharing mechanism, the rise of third-party markets, and a lackluster ecosystem, the platform's retained earnings have been declining steadily. The HYPE buyback pressure, valuation support, and regulatory scrutiny are all under pressure simultaneously.
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