Hyperliquid, a decentralized exchange, is approaching a significant $1 trillion milestone in trading volume, having handled $842 billion since its inception. The platform achieved a record high monthly volume of $366 billion in January. The Hyperliquid token, HYPE, saw its price increase to $25.80 on Monday, marking a more than 25% rise from its weekend low. The platform's daily trading volume surged by 57% on Monday, reaching $16.54 billion, and over the past week, it has processed nearly $60 billion in volume. Hyperliquid's growth in trading volume has led to increased protocol fees, which reached a record high of $51.4 million in January, up from $10.4 million the previous month. The platform continues to outperform competitors in the perpetual futures market, with monthly volumes significantly higher than those of Jupiter, dYdX, and SynFuture.