Hyperliquid Perps Volume Hits $1.5 Trillion

The decentralized exchange (DEX) Hyperliquid has reported over $1.571 trillion in perpetual futures trading volume over the past year. This led to $56 million in revenue just this month, boosting their total earnings to $310 million. Sealaunch data highlights that Hyperliquid hit a peak with $248 billion in perps trading in May and currently boasts $208 billion, far ahead of the $140 billion by competitors combined. The exchange saw a remarkable increase in trading volume by the end of 2024, more than doubling from $75 billion in November to $150 billion in December, aided by a $1.2 billion HYPE token airdrop. Min Jung from Presto Research stated that Hyperliquid's system offers incredible speed and transparency with sub-second finality and over 100,000 orders per second capabilities. In addition to being a successful trading platform, Hyperliquid recently expanded its technology by launching HyperEVM, an Ethereum-compatible network supporting smart contracts and decentralized applications. This initiative aligns with HyperCore, their foundational software, and highlights Hyperliquid's commitment to transparency and community engagement through buyback programs and on-chain auditability. Disclaimer: The Block provides objective news and analysis on the crypto industry, retaining independence though backed by Foresight Ventures.