Online reports, Messari report shows that Hyperliquid's monthly trading volume has increased more than fourfold since October 2024, indicating the platform's rapid rise in the decentralized trading market. Hyperliquid has cultivated a group of high-value, continuously active trading users, becoming the only Layer 1 alternative on the market with a clear core user base. Its growth drivers include the introduction of new assets such as BTC in the spot market to expand the trading ecosystem and compete with CEX;HyperEVM supports more third-party DeFi applications to enhance ecological diversity on the chain; at the same time, the Assistance Fund (AF) reinvests HYPE tokens through transaction revenue to achieve structural value accumulation, a mechanism that is rare in most DeFi protocols. As the platform further optimizes on-chain order books and attracts more users, its influence in the decentralized trading market is expected to continue to rise.