HyperLiquid generated $844 million in income from buying and selling actions on the finish of 2025, with whole buying and selling quantity of $2.95 trillion. The decentralized alternate has additionally added over 600,000 new customers to its buying and selling platform since January of this 12 months.
Hyperliquid, a decentralized crypto alternate platform that runs on a proprietary blockchain, ended the 12 months with 600,000 new customers and $844 million in income. The alternate recorded inflows price $3.87 billion, bringing whole buying and selling quantity to $2.95 trillion.
DEX averaged about $8.34 billion per day and $347.34 million per hour. Throughout the 12 months, the alternate’s spot buying and selling quantity reached $116.8 billion, and HIP-3 buying and selling exercise quantity reached $11.01 billion.
Hyperliquid’s PERP generates $848.33 million in transaction charges
🚨 HYPERLIQUID will add over 600,000 customers in 2025
In accordance with ASXN Knowledge, Hyperliquid added roughly 609,700 new customers in 2025, with cumulative quantity of $2.95 billion, income of $844 million, internet inflows of $3.87 billion, and TVL of $4.15 billion. pic.twitter.com/h1UIAdacGR
— Coin Bureau (@coinbureau) December 28, 2025
Knowledge from Hyperscreener, the Hyperliquid knowledge dashboard and analytics platform; present Perpetual contracts generated probably the most charges, amounting to $848.33 million. Spot charges totaled $40.61 million, whereas HLP transactions generated $19.1 million in charges for the ecosystem. Perpetual contracts continued to drive the platform’s income stream, bringing in $808.54 million, whereas spot contracts generated whole income of $35.25 million throughout the 12 months.
The alternate has facilitated 198.9 billion trades since January, averaging 561.7 million trades per day and 23.4 million trades per hour. Perpetual contracts accounted for almost all of those offers, accounting for $174.3 billion, whereas spot contracts trailed far behind with simply $22.6 billion in deal worth. HIP-3 transactions had been the fewest orders executed, at simply 1.9 billion transactions.
Hyperliquid’s builder ecosystem peaked at 289,800 customers, $46.27 million in income, and 187 energetic builders, in accordance with knowledge from the analytics platform. BasedApp ranked #1 amongst Hyperliquid’s high builders with $35.18 billion in buying and selling quantity and 35,400 customers, adopted by Phantom and PVP.Commerce with $23.05 billion and $13.27 billion in buying and selling quantity, respectively. Phantom ended the 12 months with about 81,700 customers, whereas PvP.Commerce had 19,500 customers. Bitget got here in tenth place with $2.53 billion in buying and selling quantity and simply over 10,000 customers.
Knowledge from Hyperscreener additionally highlighted that the DEX was introducing international shares resembling Apple, Nvidia, Amazon, Google, and Tesla by way of the HIP-3 protocol. Nvidia was probably the most traded HIP-3 listed firm, with buying and selling quantity of $1.73 billion. Tesla and Google adopted with $1.15 billion and $1.04 billion, respectively.
Bitcoin tops the checklist as probably the most traded digital foreign money on Hyperliquid
Bitcoin was probably the most traded digital asset on the platform, with buying and selling quantity of $1.16 trillion. Ethereum and Solana comply with behind with buying and selling quantity of $824.61 billion and $269.94 billion, respectively.
Hyperliquid’s native cryptocurrency HYPE is at the moment buying and selling at $25.86, in accordance with CoinMarketCap knowledge. The digital asset has gained 7.64% over the previous seven days and ranks 14th on CoinMarketCap’s checklist of largest cryptocurrencies by market capitalization.
The information comes after the DEX denied insider buying and selling claims on December 22, claiming that open brief positions on HYPE got here from former workers. The DEX additionally claimed that workforce members and present workers are prohibited from buying and selling the DEX’s native tokens.
Cryptopolitan reported The alleged insider place was valued at $25,140 and included a brief sale of 1,000 shares of HYPE inventory. The report confused that the positions had been too small to introduce additional volatility and considerably affect the market. The report additionally highlighted that this insider owns 2.5 million HYPE within the spot market and has remained constant regardless of HYPE’s poor efficiency and the general crypto meltdown.

