Hyperliquid (HYPE) establishes itself as a dominant force in decentralized derivatives trading with a $5.85 billion market cap ranking #32 globally and generating $225 million in daily trading volume. The platform operates on its proprietary Layer 1 blockchain, delivering zero gas fees and high-speed on-chain execution with block latency under one second. HYPE token supply shows 339.3 million circulating tokens against 961.7 million total supply, indicating strategic staged token distribution. Available across 34 major exchanges including Hyperliquid DEX, Binance, KuCoin, and Gate, the token captures 55% of decentralized derivatives market share in 2024. The token powers governance, staking rewards, and community ownership while supporting up to 50x leverage across 130+ perpetual markets. This comprehensive market overview covers HYPE's competitive positioning, tokenomics structure, robust liquidity metrics, and multi-platform accessibility for traders seeking professional-grade decentralized derivatives solu