Hyperliquid, a leading decentralized exchange platform, has crushed records in 2025 with impressive user growth, technology innovations, and financial metrics that set it apart in the blockchain ecosystem. This is a story of astronomical success fueled by community engagement and a commitment to innovation.
Platform Growth & User Adoption
Since its inception, Hyperliquid has experienced exponential growth, reaching 1.4 million active users in 2025 from just 300,000 the previous year. This rapid adoption underscores its robust ecosystem, which heavily emphasizes user-centric design and decentralized operations, cementing its status as a trusted trading platform in the cryptocurrency landscape.
Alongside this, Hyperliquid achieved a stellar $32 billion in daily trading volume, more than doubling its record in 2024. Total Value Locked (TVL) also tripled to $6 billion, demonstrating the platform’s strong liquidity and operational efficiency.
Technological Innovations in 2025
2025 saw Hyperliquid pushing boundaries with the launch of its HyperEVM, which opened new horizons for the decentralized finance (DeFi) community. The HyperCore composability features and CoreWriter precompiles became game-changers by enabling permissionless development and wider validator network participation.
Among its technical achievements, Hyperliquid also showcased the following advancements:
- Native USDC Integration: Making cross-market trades seamless.
- Permissionless Validator Set: Encouraging decentralized participation.
- Native Utility Staking: Rewards traders with fee discounts while empowering builders with HyperCore’s deployment capabilities.
A notable addition was portfolio margin pre-alpha testing, creating excitement among the trading community for its anticipated opportunities.
Community-Driven Success
Unlike traditional financial institutions that rely on venture capital funding, Hyperliquid has proven that self-sustaining models can work. The platform directed all protocol fees back into its community, prioritizing collective growth over external stakeholders.
Grassroots adoption played a significant role in this achievement, with dozens of regional teams hosting community events and contributing to the platform’s thriving ecosystem. These efforts were celebrated by the Hyperliquid community, with notable contributions immortalized in a stunning artwork designed by artist Degen_Alfie, capturing the essence of teamwork and innovation.
Breaking Financial Records
From quadrupling its open interest to $16 billion to reporting $20 million daily protocol revenue at its peak (a nearly sixfold increase from the $3.5 million in 2024), Hyperliquid has become an industry leader. The platform also processed trillions in cumulative trading volume across its perpetual and spot markets, a testament to its consistency and functionality.
For anyone looking to explore seamless decentralized trading platforms, Hyperliquid is setting a benchmark with its transparent, permissionless ethos and technologically advanced ecosystem.
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