According to Golden Finance, the Messari report, Hyperliquid's monthly trading volume has increased by more than 4 times since October 2024, indicating the platform's rapid rise in the decentralized trading market. Hyperliquid has cultivated a group of high-value, continuously active trading users, becoming the only Layer 1 alternative in the market with a clear core user base. Its growth momentum includes introducing new assets such as BTC in the spot market to expand the trading ecosystem and compete with CEX; HyperEVM supports more third-party DeFi applications and improves on-chain ecological diversity; At the same time, Assistance Fund (AF) reinvests HYPE through transaction revenue Tokens, realize structural value accumulation, a mechanism is relatively rare in most DeFi protocols. As the platform further optimizes the on-chain order book and attracts more users, its influence in the decentralized trading market is expected to continue to rise.