Hyperliquid, a decentralized perpetual exchange, has reached a significant milestone by surpassing $1 trillion in total perpetual contract trading volume. Despite this achievement, the HYPE token struggles to gain traction in the market. As traders navigate this dichotomy, understanding what factors contribute to the HYPE token’s ongoing challenges becomes crucial. Tracking the developments at Hyperliquid could provide insight into the future success of such trading platforms. Observers are eager to see how the exchange manages to leverage its volume success moving forward amidst market fluctuations.