Hyperliquid closed 2025 with record trading volume, strong revenue growth, and rising user adoption across decentralized derivatives markets.
Hyperliquid recorded a landmark year in 2025. The decentralized derivatives exchange reported rapid growth. User activity expanded sharply. Moreover, trading volumes were at historic levels. This performance reflected the increasing demand for decentralized finance. As a result, Hyperliquid improved its market position.
Hyperliquid Reports Trillion-Dollar Volume and Strong User Growth
According to ASXN Data, Hyperliquid was able to add around 609,700 new users throughout 2025. As a consequence, the number of cumulative users grew significantly. Meanwhile, total trading volume hit about $2.95 trillion. This number represents an approximate 198.9 billion executed trades.
The platform’s growth reflected the growing DeFi adoption. Traders were increasingly looking for non-custodial alternatives. Therefore, Hyperliquid was able to capitalize on the change in preferences. Its decentralized nature was appealing to retail users and advanced users.
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Financial performance also performed well. Hyperliquid had generated $844 million in revenue during the year. This made it one of the most profitable decentralized exchanges. In addition, there were net inflows of nearly $3.87 billion. These inflows were a sign of great capital confidence.
Total value locked was also on a steady rise. At the end of the year, TVL stood close to $4.15 billion. This metric reflected deeper liquidity. It also proved engagement as users were on it for a long time. As a result, the ecosystem of Hyperliquid grew quite significantly.
The exchange is a decentralized derivatives platform. It focuses on perpetual futures and advanced trading tools. Throughout 2025, it was gaining attention from industry analysts. A number of crypto media outlets pointed out its explosive growth.
Importantly, Hyperliquid operates on its own Layer 1 blockchain. This infrastructure sets it apart from its competitors. Instead of using shared networks it uses custom architecture. As a result, performance is constantly on a high level.
Layer 1 Performance Drives Competitive DeFi Advantage
The success of Hyperliquid has a lot to do with its technical design. The platform has a custom Layer 1 called HyperBFT. This system processes an average of 6502 orders per second. Therefore, execution speeds are comparable to centralized exchanges.
Low latency has become a significant advantage. Traders get almost immediate order matching. Additionally, the platform also provides zero gas fees for the users. This eliminates an area of common friction in the world of DeFi. As a result, the cost efficiency is improved.
Despite a high performance, Hyperliquid upholds decentralization. Assets are (at all times) non-custodial. Transparency is never compromised with on-chain settlement. Therefore, users are spared the counterparty risk that is usual with centralized platforms.
Throughout the year 2025, market was mixed. Volatility continued throughout the crypto markets. However, derivatives activity remained strong. Traders had an active use of hedging tools. This environment was favorable for platforms such as Hyperliquid.
Net inflows of $3.8 billion reflected trust. Capital kept pouring in despite general uncertainty. Moreover, TVL growth reflected long term commitment. These factors contributed to platform stability.
Industry observers see larger ramifications. Hyperliquid model confronts centralized dominance. It shows that DeFi can bring efficiency in scaling. Performance parity with centralized exchanges is also becoming a realistic achievable goal.
Looking into the future, there is potential to see competition within decentralized derivatives intensify. More platforms are playing around with custom chains. However, Hyperliquid’s initial execution does have an edge. Network effects may increase even more.
As decentralized markets mature, decentralized platforms that provide speed and transparency become relevant. Hyperliquid’s growth is indicative of that shift. The exchange heads into 2026 on a roll. Market participants will be watching the scale of growth.
Source: https://www.livebitcoinnews.com/hyperliquid-trading-volume-tops-2-9t-with-609k-new-users/
