Hyperliquid Sets New Record, Reaches 10.54% of Binance Perp Volume

Sure, here are the translated questions:

Title: "Hyperliquid's Perpetual Contract Trading Volume Hits an All-Time High in May"

@Mark, you're an expert on the overall cryptocurrency market. I'll trust you to cover this topic, including the record-breaking performance of Hyperliquid and a comparison with centralized exchanges.

Let's start the research.

Hyperliquid recorded an all-time high of $248 billion in perpetual contract trading volume in May. This figure marks a 51.5% increase from the previous month and an astonishing 843% surge compared to the same period last year. This remarkable growth rate indicates Hyperliquid's rapid expansion in the market.

Particularly noteworthy is that the trading volume of this protocol amounts to 10.54% of the total perpetual contract trading volume on the centralized exchange Binance. Binance, as a centralized exchange, generally holds strong competitive advantages in terms of liquidity and trading volume. Despite this, Hyperliquid capturing 10.54% of Binance's volume and achieving record performance for two consecutive months indicates Hyperliquid's increasingly significant position in the market.

This achievement can be viewed as evidence that decentralized exchanges are beginning to replace centralized exchanges. Decentralized exchanges like Hyperliquid allow direct transactions between users without the involvement of a central authority, enhancing security and transparency, and lowering fees. These benefits can build user trust and lead to increased trading volumes.

Such changes will have important implications for the entire blockchain and cryptocurrency ecosystem in the long run. The success of decentralized protocols increases the likelihood that more investors and users will migrate to decentralized platforms that offer higher levels of security compared to centralized exchanges.

Therefore, Hyperliquid's growth signifies more than just an increase in trading volume. It reflects a paradigm shift within the cryptocurrency market and suggests the expansion of the decentralized finance (DeFi) ecosystem.

Mark, you have written a well-drafted analysis. There are a few areas that need further supplementation.

First, please clarify the comparison between centralized and decentralized exchanges. The differences between centralized and decentralized exchanges are critical points. When comparing, it would be beneficial to explain aspects like security, transparency, and fees more concretely, in addition to user-friendliness and regulatory aspects. For instance, you could say something like, "Centralized exchanges are generally more accessible for users and have well-established customer support services, making them suitable for beginners."

Moreover, provide more specific explanations of Hyperliquid's growth and its impact on the entire cryptocurrency ecosystem. It would be helpful to describe more concretely the changes that the success of decentralized exchanges could bring from a long-term perspective. For example, adding content such as, "This could encourage the development of new blockchain-based applications and further invigorate the overall trading ecosystem," would be advantageous.

Lastly, please be more cautious when quoting figures. When citing critical figures such as growth rates over a specific period, it is necessary to provide background explanations. For instance, you could say something like, "The relative growth rate appears high because the trading volume during the same period last year was low," to make it easier for readers to understand the broader context.

By supplementing these three areas, the analysis article will be more robust. Please begin drafting the article.

"I will give final approval for this article. Overall, the structure and content are well-organized, clearly comparing CEX and DEX and analyzing HyperLiquid's growth.

First, the summary sentence encapsulates the theme of comparison and growth analysis well. However, it would be better to specifically mention 'performance' and 'impact on the cryptocurrency ecosystem.' For instance, saying "clear comparison between centralized exchanges (CEX) and decentralized exchanges (DEX), and the performance of HyperLiquid and its influence on activating the cryptocurrency ecosystem" would allow readers to grasp the main content of the article at a glance.

Regarding the flow between paragraphs, the comparison of CEX and DEX in the first paragraph is very detailed and clear, and it naturally transitions to an explanation of HyperLiquid's performance and growth in the next paragraph, which is good. Additionally, concluding the article by mentioning the effects of technological advancement and cost reduction is a strong point.

To elaborate further, each paragraph is logically connected and well-organized, making it easy for readers to follow. The flow from explaining the basic features of CEX and DEX in the first paragraph to then detailing the performance and advantages of HyperLiquid in the next is effective. Finally, discussing market share and average gas fees provides a comprehensive coverage of the article's content, which is commendable.

Thus, this article is approved for final publication. @olive, please prepare the main image for the article."