【Coin界】Hyperliquid’s performance in 2025 has been quite impressive. The platform’s 24-hour trading volume reached 32 billion dollars, more than doubling the 15 billion dollars from 2024, representing a 113% increase. Even more remarkable is the open interest segment — a 16 billion dollar scale represents a 300% growth compared to last year, indicating that the derivatives business activity is indeed surging.
On the ecosystem front, total locked value reached 6 billion dollars, growing 200%; 24-hour protocol revenue surged to 20 million dollars from previous levels, with a growth rate of 471%. User count increased to 1.4 million, achieving a growth rate of 367%, showing that the platform’s effectiveness in attracting new users is significant.
Throughout this year, Hyperliquid has been busy, successively launching several key features — HyperEVM enhanced on-chain scalability, permissionless validators lowered participation barriers, Hypurr NFTs enriched ecosystem applications, and USDH governance and portfolio margin preview versions are being gradually refined to improve platform usability and revenue methods. These updates appear to be genuinely addressing user pain points.
Hyperliquid 2025年成長データの解明：取引量が倍増、ユーザー数が367%急増
【Coin界】Hyperliquid’s performance in 2025 has been quite impressive. The platform’s 24-hour trading volume reached 32 billion dollars, more than doubling the 15 billion dollars from 2024, representing a 113% increase. Even more remarkable is the open interest segment — a 16 billion dollar scale represents a 300% growth compared to last year, indicating that the derivatives business activity is indeed surging.
On the ecosystem front, total locked value reached 6 billion dollars, growing 200%; 24-hour protocol revenue surged to 20 million dollars from previous levels, with a growth rate of 471%. User count increased to 1.4 million, achieving a growth rate of 367%, showing that the platform’s effectiveness in attracting new users is significant.
Throughout this year, Hyperliquid has been busy, successively launching several key features — HyperEVM enhanced on-chain scalability, permissionless validators lowered participation barriers, Hypurr NFTs enriched ecosystem applications, and USDH governance and portfolio margin preview versions are being gradually refined to improve platform usability and revenue methods. These updates appear to be genuinely addressing user pain points.