Hyperliquid 2025 Growth Data Revealed: Trading Volume Doubled, User Base Surged by 367%

2026-01-06 09:20:10

【Crypto World】Hyperliquid’s performance in 2025 has been quite impressive. The platform’s 24-hour trading volume reached $32 billion, more than doubling the $15 billion in 2024, with a growth rate of 113%. Even more remarkable is the open interest—$16 billion, which represents a 300% increase compared to last year, indicating that the derivatives business is truly booming.

In terms of ecosystem, the total locked value has surged to $6 billion, a 200% increase; 24-hour protocol revenue has skyrocketed from previous levels to $20 million, with a growth rate of 471%. The user base has grown to 1.4 million, a 367% increase, demonstrating the platform’s effectiveness in attracting new users.

Over the past year, Hyperliquid has been busy launching several key features—HyperEVM enhances on-chain scalability, permissionless validator sets lower the participation threshold, Hypurr NFTs enrich the ecosystem applications, and features like USDH governance and portfolio margin previews are gradually improving platform usability and yield strategies. These updates seem genuinely aimed at solving user pain points.

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Ser_Liquidated

· 01-09 00:33

Wow, these numbers are really outrageous, 367% user growth? I feel like the entire crypto space is rushing to Hyperliquid. --- 160 billion open contracts? How many people are fighting it out in there? I have to say, wow. --- Wait, trading volume doubled but locked positions only increased by 200%. That logic is a bit strange. --- Protocol revenue growth of 471% is really impressive, feels like catching the right trend. --- Is 1.4 million users real? How many were there just last year? --- HyperEVM's combo punch, no wonder so many people are here, they've fully grasped the scalability. --- Brothers are still living off Ethereum gas fees, but we've already taken off here. --- I just want to know if these new users will all be liquidated next month haha.

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PonziWhisperer

· 01-08 04:26

This data is a bit exaggerated... a 367% increase, I feel it's a bit suspicious.

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WalletDivorcer

· 01-08 02:35

$32 billion daily trading volume, is this really true? Feels like I'm about to get cut again User user growth of 367%? Seems like all bots Can HyperEVM really solve congestion? I'm a bit skeptical Derivatives up 300%... the risk factor is soaring too $16 billion open interest, it could be a tough time to explode $6 billion lock-up, is that all? The ecosystem still relies on Solana and Ethereum 471% revenue growth is impressive, but we need to verify if this data is reliable Another "double growth" story, I'm getting a bit tired of hearing it After more users, has liquidity really kept up? Secondary valuation is about to soar again, right?

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TommyTeacher1

· 01-06 09:49

Damn, with this data, a 32 billion trading volume doubling? HL really hasn't wasted this year. 1.4 million users surged by 367%, everyone in my circle is rushing in, isn't it? Derivative products business grew by 300%, this hype is a bit excessive. Locked in 6 billion, protocol revenue has increased fivefold, this growth rate is really outrageous. Just started playing HL not long ago, is it still okay to enter now? Feeling a bit scared. Unlicensed validators + HyperEVM, are these really going to overturn something? 160 billion in open contracts, with such high leverage, aren't they afraid of liquidation? I just want to know, can this growth continue until next year?

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LayerZeroJunkie

· 01-06 09:48

This data is just too crazy, 1.4 million users with a 367% growth? I'm a bit stunned just looking at it. The derivatives sector is even more outrageous, with a 300% increase in open contracts... Is this real or is there some exaggeration?

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GasOptimizer

· 01-06 09:46

HL is truly amazing. The growth rate is so impressive it’s blinding. Unsettled positions of 16 billion have tripled? Derivatives are indeed crazy. 140,000 users increased by 367%. I’m starting to lose track... But with such rapid expansion, could it be a trap? Hype is really going all-in on doing things. Protocol revenue skyrocketed by 471%. These numbers are a bit frightening. User numbers doubled so quickly. How’s the liquidity? Won’t it cause slippage to spike? 320 billion in daily trading volume... Well, HL is no longer a small platform. It’s aiming for the sky.

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BearWhisperGod

· 01-06 09:41

hl this data is indeed crazy, trading volume doubled, user growth of 367%... but can it really hold up? --- Derivatives business grew by 300%, how long can this momentum last? --- 1.4 million users suddenly reached this level, whether the ecosystem is stable is a question --- 6 billion TVL sounds good, but I don't know how much of it is real demand --- 471% growth in protocol revenue, how active must the users be to achieve that? --- hl is looking strong this year, with 32 billion in daily trading volume, it feels like the entire market is leaning towards this --- User surge of 367%, could it be that a bunch of speculators are rushing in, and the risks are increasing accordingly? --- What I really believe in is HyperEVM, solving the scalability issue is the key --- The growth data is indeed impressive, but will a cash-out wave follow? --- The permissionless validator logic is quite new, but how is security guaranteed?

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TokenTherapist

· 01-06 09:26

3.2 billion in trading volume, 367% user growth... This growth rate is insane, derivatives are really taking off this wave --- But these numbers look a bit suspicious, protocol revenue growth of 471%? Need to watch out for risks --- HyperEVM's expansion this time is really top-notch, finally a platform daring to play like this --- Locked in 6 billion, more than I expected... a bit of a reality check --- 1.4 million users, just a few hundred thousand at the end of last year? The growth is indeed incredible, the question is how well retention is doing --- 160 billion in open contracts for derivatives, is this a bubble or is there real demand? Need to see how long it can sustain afterward

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