Hyperliquid is emerging as a dominant player in the crypto perpetual swap market, currently holding less than 5% of the global market share but projected to capture between 75% and 90% of the perpetual swaps segment for at least a year. Industry observers suggest that Hyperliquid's growth could push its market share to 50%, potentially generating revenues exceeding $10 billion. This growth is attributed to the advantages of centralized limit order books (CLOBs) built on rollup technology, which offer ultra-low latency, custom sequencing rules, and high throughput, making them ideal for decentralized finance (DeFi) applications. Rollups, especially those utilizing Celestia's blob technology, are seen as the optimal infrastructure for next-generation CLOBs. Market makers, initially led by Binance, are increasingly considering moving onchain due to the liquidity and flow Hyperliquid is amassing. While automated market makers (AMMs) like Uniswap ($UNI) and Raydium ($RAY) currently dominate DeFi yield generation and trading volumes, there is growing interest in standalone CLOB applications, which may carve out substantial market share in the future. Founders of emerging CLOB projects such as Hibachi, Rise Chain, and Bullet are actively developing these next-generation solutions on rollup-based blob infrastructure.