CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

cryptonews 2025-06-07 09:52:46

Hyperliquid Perps Volume Hits Record $248B in May Amid James Wynn Frenzy

Key Takeaways: Hyperliquid hit a record $248 billion in May perps volume, up 51.5% month-on-month. Hyperliquid’s market share climbed to 10.54% of Binance’s perps volume. Trader James Wynn lost $100 million after a high-leverage Hyperliquid bet collapsed during a sudden Bitcoin downturn. Onchain perpetual futures platform Hyperliquid notched a record-breaking $248 billion in monthly trading volume for May , a 51.5% jump from April’s $187.5 billion, as market interest surged during the so-called “James Wynn” trading frenzy. The year-on-year growth is even more striking. Just 12 months ago, Hyperliquid saw $26.3 billion in volume, making this May’s total an 843% increase. The platform’s rapid rise highlights its growing dominance in the onchain perps space, offering centralized exchange-like performance while keeping traders on crypto-native rails. Hyperliquid Closes In on Binance’s Perps Market Share Hyperliquid’s growing footprint is increasingly visible against long-standing giant Binance. In May, Hyperliquid’s monthly perps volume reached 10.54% of Binance’s—a new record. That ratio, up from April’s 9.76%, is fast becoming a key gauge of market share shifts across the sector. Key drivers of Hyperliquid’s momentum include its CEX-grade user experience combined with non-custodial infrastructure, plus its popular Season 2 points campaign. The campaign attracted fresh trader inflows following a well-received Season 1 airdrop. The broader trend is also reflected in the share of decentralized exchange (DEX) futures volume compared to CEX volumes. Hyperliquid’s all-time volume is nearing $1.5t and surpassing what dYdX achieved in four years Hyperliquid pic.twitter.com/IZKiMMhWLG — hantengri (@0xhantengri) May 20, 2025 In May, DEX perps captured 6.84% of global perpetual flows, slightly below February’s record of 7.06%. For 2025, the average sits at 6.7%, a marked climb from under 2% in 2022. With onchain infrastructure continuing to close the gap—through improved liquidity, tighter spreads, and native stablecoin on-ramps—the DEX share of global perp flow appears poised to break into double digits before year-end. James Wynn Loses $100M in Days James Wynn, a pseudonymous crypto trader known for turning meme coin bets into millions, revealed he lost $100 million within days after a failed series of leveraged trades on Hyperliquid. Wynn, who first rose to prominence by turning a $7,000 position in PEPE into $25 million, recently shared the story on X. In March, Wynn began trading perpetual futures for the first time and quickly transformed a $3 million position into $100 million through aggressive high-leverage plays. His rapid success attracted major online attention, with traders closely tracking his onchain moves. However, Wynn admitted the growing spotlight distorted his decision-making. In a post, he said the trading “spiraled out of control” as he became increasingly reckless, acknowledging he wasn’t treating the rising numbers seriously. By mid-May, Wynn had built a $1.25 billion long position on Bitcoin, using up to 40x leverage. When a tweet from former U.S. President Trump triggered a sharp market downturn, Bitcoin fell below Wynn’s liquidation level, wiping out nearly his entire position. The dramatic collapse has since divided the crypto community, turning Wynn into both a cautionary tale and a controversial figure. The post Hyperliquid Perps Volume Hits Record $248B in May Amid James Wynn Frenzy appeared first on Cryptonews .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta