Hyperliquid perps volume hits record 248 billion USD in May amid James Wynn frenzy

Hyperliquid achieved a record volume of 248 billion USD in perpetual futures for May, reflecting an impressive increase of 51.5% from 187.5 billion USD in the previous month. Year-on-year, this marks an extraordinary 843% rise from last May’s 26.3 billion USD.

James Wynn, a notable crypto trader, reportedly lost 100 million USD due to leveraged trades that floundered after Donald Trump’s tweet triggered a decline in Bitcoin prices. Wynn’s aggressive trading strategy transformed a 3 million USD position into 100 million USD before the losses occurred.

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