Coinspeaker
Jan 6, 2026
4 0

Hyperliquid User Base Grows to 1.4 Million in 2025

Key Highlights of Hyperliquid's 2025 Performance:

  • User count surged to 1.4 million from 300,000 in 2024.
  • Daily trading volume peaked near $32 billion.
  • Open interest hit $16 billion; total value locked reached $6 billion.
  • Protocol revenue increased significantly from $3.5 million to $20 million per day.

Growth Drivers

  • No external funding was used; protocol fees were reinvested into the community.
  • HyperEVM launch contributed significantly to growth.
  • Builders gained access to HyperCore, facilitating composable applications.
  • Introduced permissionless perpetual markets and USDH governance markets.
  • HYPE tokens sent to the assistance fund were burned, reducing supply.

Whale Unlocks

  • Large HYPE wallet unlocks are scheduled, totaling millions over several days.
  • Current focus on whether these unlocks will lead to selling pressure.
  • Crypto intel suggests that high liquidity and volume mitigate aggressive selling risks.

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