超流利的TVL攀登了十億

Hyperliquid的TVL最近飆升至5.36億美元，標誌著歷史悠久的高潮。該協議從2024年第四季度接近零，目睹了拋物線詞的上升

Hyperliquid, a leading decentralized perpetual exchange, has crossed the half-billion dollar mark in Total Value Locked (TVL), reaching a new all-time high of $536 million.

超級流動性是一種分散的永久性交易所，已經超過了總價值鎖定（TVL）的五億美元，達到了歷史新高的5.36億美元。

This milestone comes just six months after its launch with nearly zero TVL in Q4 2024, quickly making it one of the largest perpetual DEXs.

這一里程碑是在2024年第四季度啟動近六個月的六個月之後才出現的，很快就成為了最大的永久DEX之一。

According to DeFiLlama, early April saw fresh outflows push TVL past the $500 million mark. This stands in stark contrast to the stagnant TVL trends observed in legacy DEXs such as dYdX and GMX.

根據Defillama的說法，4月初，新鮮流出將TVL推高了5億美元的大關。這與在諸如dydx和gmx等傳統dex中觀察到的停滯的TVL趨勢形成了鮮明的對比。

The surge can be attributed to increasing user preference for Hyperliquid’s superior speed, intuitive user interface, and innovative EVM expansion.

激增可以歸因於用戶對超流動液的卓越速度，直觀用戶界面和創新EVM擴展的偏好。

According to the data, key inflection points in market share gains occurred during the December-January rally and another surge in March-April 2025, both coinciding with increased user activity and trading volume.

根據數據，市場份額收益的關鍵拐點發生在12月至1月的集會期間，而2025年3月至4月的又一次激增，都與用戶活動和交易量的增加相吻合。

This growth is not a temporary spike but rather a testament to consistent, organic momentum, showcasing strong user retention and product reliability.

這種增長不是暫時的尖峰，而是證明一致，有機動量的證明，展示了強大的用戶保留和產品可靠性。

While many DEXs experience brief spikes in trading volume, Hyperliquid has demonstrated steady month-over-month market share expansion, highlighting its increasing appeal as a sustainable alternative to CEXs within the perpetual trading landscape.

儘管許多DEX在交易量中經歷了簡短的峰值，但Hyproliquid表現出穩定的月份市場份額的穩定，強調了其在永久交易環境中CEXS的可持續替代品的吸引力越來越高。

This places Hyperliquid among major players like Bybit and OKX, marking a significant shift as users gravitate towards a decentralized and more efficient alternative to centralized exchanges.

這將諸如Bybit和OKX等主要參與者的超流動性置於了諸如用戶傾向於分散和更有效的集中交易替代方案時的重大轉變。

One major factor behind this growth is its exceptionally fast EVM expansion, recognized as the fastest-growing EVM in the market.

這種增長的主要因素之一是其異常快速的EVM擴展，被認為是市場上增長最快的EVM。

Another key strength is Hyperliquid’s dedicated base of only 100K holders, known for their strong loyalty and minimal dilution, creating a robust foundation that supports sustainable and organic growth, which is rare among protocols.

另一個關鍵優勢是Hyproliquid僅由100K持有人組成的專門基礎，以其強烈的忠誠度和最小的稀釋效果而聞名，創造了一個強大的基礎，支持可持續和有機增長，這在協議中很少見。