币界网报道：Background information: Hyperliquid (HYPE), as a decentralized exchange (DEX), has rapidly risen in 2025 and has become an important competitor to Binance (BNB) in the Bitcoin perpetual contract market. Main event: Dave Olsen, CIO of Jump Trading, pointed out at the 2025 Coinbase Crypto Summit that Hyperliquid's on-chain execution performance is outstanding, and the open interest (OI) of BTC perpetual contracts has jumped from fourth place in May to third place in June, surpassing OKX and second only to Binance and Bybit. DEX's share of overall trading volume has increased from 10% in 2024 to 27%, showing strong growth. Hyperliquid's native token HYPE has risen more than 300% since April and attracted the first corporate finance company Tony G Co-Investment Holdings to buy 10,000 HYPE tokens. Potential impact: Market analysts predict that the perpetual contract market may reach a scale of US$100 billion in the future, further promoting the development of Hyperliquid. HYPE performs better than BNB in the short term and may bring higher returns to investors. Bijie.com has also noticed this trend.