Hyperliquid Hits $1.57T Annual Volume as HYPE Soars Nearly 950% Since Launch

Hyperliquid records $1.57T in annual perpetual futures volume and $310M in cumulative revenue. The DEX now leads on-chain perpetual futures with a monthly volume of $208B. HYPE token hits new ATH of $45.57 after surging 946% since November 2024 launch. Decentralized exchange Hyperliquid has achieved $1.571 trillion in perpetual futures trading volume over the past 12 months. The platform has established itself as a major player in the on-chain derivatives trading space. The exchange generated $56 million in revenue this month alone, contributing to its cumulative revenue of $310 million. Data from Sealaunch on Dune Analytics reveals that Hyperliquid processed $248 billion in perpetual futures volume during May. Current month trading activity shows $208 billion in volume, placing Hyperliquid ahead of its competitors. Combined volume from other on-chain perpetual exchanges reached $140 billion during the same period. Hyperliquid’s Growth Trajectory Accelerates The platform experienced quick expansion in on-chain perpetual trading volume throughout late 2024. Volume doubled from $75 billion in November to $150 billion in December 2024, coinciding with t… The post Hyperliquid Hits $1.57T Annual Volume as HYPE Soars Nearly 950% Since Launch appeared first on Coin Edition .

Source: Coin Edition