Can Hyperliquid Become a 24/7 Crypto Derivatives Hub as Volumes and Liquidity Surge?

Hyperliquid’s sovereign Layer-1 and on-chain order book are built to support 24/7 derivatives trading with median block finality near 0.2 seconds. With daily perpetual futures volume around $7.3 billion and Open Interest near $5.8 billion, the platform is emerging as a key decentralized liquidity hub, though ongoing market fragmentation could still constrain its structural edge.