Important points
- More than 609,000 traders joined Hyperliquid in 2025 as global adoption accelerates.
- The protocol generated approximately $844 million in annual revenue.
Hyperliquid’s growth trajectory accelerated through 2025, and the platform quickly became one of the most active venues for decentralized trading.
According to ASXN Data, the platform recorded impressive milestones across all key metrics, from user growth and trading activity to revenue and total amount locked.
Hyperliquid has grown its footprint among both retail and institutional traders, registering over 609,000 users during the year. In addition to user growth, demand for decentralized derivatives increased, and the platform recorded net inflows of $3.8 billion.
In terms of trading activity, total trading volume increased to $2.9 trillion. The platform processed approximately $199 billion in executed trades, underscoring strong market participation.
HyperLiquid ended the year with approximately $4.1 billion locked in total. The platform generated approximately $844 million in revenue, ranking it as one of the most profitable exchanges in DeFi.
