Hyperliquid is demonstrating significant market share growth against centralized exchanges (CEXs), rising from under 1% in September to 6.1% by mid-August on a rolling 14-day average. This consistent uptrend suggests strong adoption and potential for continued expansion in the decentralized exchange (DEX) sector. Investors interested in the DeFi space should monitor Hyperliquid's continued market share gains as a key performance indicator.